Author: Desmond Brooks

Pound Hits Yearly Low Amid Rising Government Borrowing The British Pound (GBP) has fallen to its lowest level in over a year, sparking concerns among investors. The drop comes as UK government borrowing reaches its highest level in 16 years, raising questions about economic stability. While officials dismiss the need for intervention, many analysts argue that policy changes may be necessary to curb inflation and restore confidence. Current GBP Performance Typically, the pound strengthens when interest rates rise, but broader economic struggles appear to be overriding this trend. UK Economic Growth Trends The UK economy has shown minimal growth, with no expansion…

Passing a trading challenge within 30 days requires strategy, discipline, and strict risk management. Here’s a step-by-step plan to maximize your chances while staying within the challenge’s rules. Step 1: Know the Rules and Requirements Most prop firm challenges require traders to meet profit targets while managing risk. Common requirements include: Rule CategoryCommon RequirementImpact on TradingProfit Target10% within 30 daysMust hit this to passMax Drawdown5-10% of the accountExceeding this means failureDaily Loss Limit2-3% of the accountBreaching this stops trading for the dayTrading HoursMarket hours onlySome firms restrict overnight tradesPosition Sizing1-2% risk per tradeHelps prevent excessive exposure ✅ Key Tip: Follow these rules…

Consistency is one of the most important factors in succeeding as a proprietary trader. A disciplined, systematic approach helps traders manage risk, build credibility, and achieve long-term profitability. In this guide, we’ll break down why consistency matters, how to develop it, and what prop firms look for in traders. What Does Consistency Mean in Prop Trading? Consistency in prop trading means following a structured trading process, avoiding emotional decisions, and executing strategies with discipline. Successful traders maintain: When traders develop consistency, they reduce costly mistakes and improve their chances of scaling within a prop firm. Why Consistency Matters in Prop…

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…

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…

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…

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,…

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…

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…

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…