Author: Fajar Febriansyah

Fajar is Head of Copywriting at FinMedia Group. He researches and writes DailyFXWire's prop trading and broker industry coverage, turning complex market developments into clear reporting.

Want to improve your trading skills without paying for expensive courses? Plenty of platforms offer high-quality trading education for free. Whether you’re a beginner or an advanced trader, these courses provide the tools and knowledge you need to succeed. 1. For Traders Best for: AI-driven learning and real-time practice For Traders is an AI-powered education platform that offers structured learning for all skill levels. It combines video courses, interactive tools, and live discussions for a well-rounded experience. Key Free Features: ✅ 12+ video courses covering market fundamentals to advanced trading strategies.✅ AI-powered virtual trading tools for real-time practice.✅ Active Discord community with live trading sessions and…

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Passing a prop trading challenge isn’t just about making profitable trades—it’s about managing risk and staying within the firm’s rules. Even skilled traders fail because they ignore risk limits or let emotions take over. Here are 10 essential risk management rules to help you protect your capital, follow firm guidelines, and pass the challenge. 1. Set Clear Risk Limits Prop firms have strict loss limits, so you need your own risk control system to stay in the game. Follow these basic guidelines: Example for a $100,000 account:✔ Per trade risk: $1,000 – $2,000✔ Daily max loss: $5,000✔ Weekly max drawdown: $10,000 Setting strict limits helps you stay consistent, disciplined, and within the firm’s…

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If you’re serious about trading, you need to know how many trading days are in a year. Markets don’t operate every day, and understanding their schedule helps with planning, risk management, and strategy execution. Whether you’re a day trader or a long-term investor, knowing when the market is open can make a big difference. What Counts as a Trading Day? A trading day is any day the stock market is open for buying and selling. In the U.S., major exchanges like the New York Stock Exchange (NYSE) and Nasdaq follow a Monday-to-Friday schedule. They’re closed on weekends and certain holidays. Regular trading hours run from 9:30 AM…

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Introduction Forex trading runs 24 hours a day, five days a week, making it one of the most active financial markets in the world. With over $6 trillion traded daily, it offers countless opportunities, but not all hours are equally profitable. Some periods provide more liquidity and price movement, while others are slow and unpredictable. Since Forex operates across different time zones—Sydney, Tokyo, London, and New York—traders must know when the market is most active. The best trading times occur during session overlaps, where trading volume spikes, and price movements become more predictable. This guide breaks down Forex market hours,…

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Introduction Basis trading is a strategy that takes advantage of price differences between the spot market and the futures market. Traders use this approach to hedge risks or find profit opportunities. Understanding how it works can help you make better trading decisions and manage market fluctuations. What is Basis Trading? Basis trading revolves around the basis, which is the difference between an asset’s spot price and its futures price: Basis = Spot Price – Futures Price The basis can be positive (when the spot price is higher) or negative (when the futures price is higher). Market conditions, supply and demand, interest rates, and storage costs…

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Introduction Economic theories help forex traders understand currency price movements and market trends. While no theory can predict the forex market with complete accuracy, these concepts offer valuable insights into exchange rate behavior. Traders who grasp these theories can make better decisions and develop stronger trading strategies. What is an Economic Theory? An economic theory is a structured model that explains how economies function and interact. Economists and traders use these theories to study exchange rate fluctuations, economic activities, and global trade relationships. In forex trading, these theories guide traders in analyzing currency strength and making informed predictions. The 4…

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Introduction Cryptocurrency trading has exploded in popularity, with the market cap surpassing $3.4 trillion. Digital assets like Bitcoin (BTC) and Ethereum (ETH) attract traders looking to profit from price movements. While crypto may seem complex, anyone can start with the right knowledge and strategy. This guide breaks down how to trade cryptocurrency, different strategies, risks, and key tools for success. What is Cryptocurrency Trading? Crypto trading involves buying, selling, and exchanging digital assets through online platforms. Unlike stocks, which operate under regulated exchanges, crypto markets run 24/7 on decentralized networks. Traders profit from price swings using strategies like spot trading, futures, and arbitrage. Popular crypto exchanges include Binance, Coinbase, Kraken, and…

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Launch Your Prop Firm in 10 Days – Keep 100% of Profits, We Handle the Rest! Singapore, 03.02.2025 – YourPropFirm, a leader in proprietary trading solutions, has announced a strategic collaboration with TradeLocker, a next-generation trading platform designed to empower traders with advanced tools and features. This partnership underscores YourPropFirm’s commitment to providing proprietary trading firms with diverse, robust, and user-centric trading platform options. TradeLocker joins YourPropFirm’s lineup of supported platforms, which includes popular options like MT5. This addition offers proprietary firms increased flexibility and adaptability in a highly competitive market. The integration of TradeLocker enables YourPropFirm’s clients to provide an…

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Prop trading firm Goat Funded Trader (GFT) is nearing the completion of its move to Hong Kong, with CEO Edoardo Dalla Torre confirming the transition is 99% done. Despite some payout delays, the company has continued distributing funds to traders, surpassing $7 million in total payouts. Migration Challenges and Security Enhancements Dalla Torre addressed concerns about delays, citing two key reasons: “We did face some delays,” Dalla Torre admitted. “A group of coordinated cheaters/hedgers needed careful evaluation, and transferring funds from Spain to Hong Kong took longer than expected. We can proudly say this has now been cleared.” Upcoming Features and Rewards Program With the transition nearly done, GFT is preparing to…

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Berlin-based fintech Trade Republic is expanding into Italy, offering free current accounts with local IBANs and automated tax filing services. This marks its second major expansion in 2024, reinforcing its challenge to traditional banks, with over €100 billion in assets under management. Simplifying Banking for Italian Consumers Trade Republic is the first international digital bank to provide automated tax submissions via Italy’s Regime Amministrato system. This feature aims to make financial management easier for users. Co-founder Christian Hecker emphasized the need to address Europe’s growing pension gap. Many governments have yet to introduce effective solutions, and he sees Trade Republic’s expansion as part of the answer. “With our full banking license, local branches, and in-house infrastructure, we…

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