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EURUSD Technical Analysis! SELL! My dear friends, Please, find my technical outlook for EURUSD below: The instrument tests an important psychological level 1.1069 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.0984 Recommended Stop Loss - 1.1121 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
BTCUSD Massive Short! SELL! My dear friends, My technical analysis for BTCUSD is below: The market is trading on 60146 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 59296 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
BITSTAMP:BTCUSDShort
by AnabelSignals
1
The Dark Side of Prop Trading: Factors Leading to Financial LossA few years ago, few people were familiar with prop trading, but it has gained popularity in recent years as an alternative to traditional PAMM accounts. With PAMM accounts, traders manage investors' funds but must first attract and convince these investors. In contrast, prop trading offers a more straightforward approach to fund management that initially appears more convenient. A trader pays a fee (up to $1,000) to enter a challenge, and if successful, can be granted up to $1 million in management funds. However, the reality is more complex. A study conducted in the United States revealed that many prop traders are dissatisfied with their experiences working with prop trading firms. 📍 The Performance Of Prop Traders: Results Of A 2023 Study A study conducted in 2023 examined the performance of prop traders by surveying 10 randomly selected prop trading firms in the United States. Additionally, the study included responses from 3,000 traders who had experienced varying degrees of success in their trading endeavors. The data was sourced from the website of the CFTC regulator, statistics from an investigation into a complaint against the prop firm MyForexFunds, and publicly available information about another prop firm FTMO. 📍 General Analysis Results The study revealed some striking insights regarding the performance of prop traders: ◾ Approximately 94% of traders fail to complete the challenges during the first or second phase, with only 6% successfully meeting the profitability and drawdown requirements. ◾ A significant 73% of traders who fail believe their outcomes are unjust, attributing their failures primarily to the prop firms rather than their own mistakes. Many contend that the firms manipulate results, undermining their chances of success. ◾ Of the small percentage 6% who do succeed in completing the challenge, an overwhelming 98% choose to sever their ties with the prop firms within the following six months. The failure rates at both the first and second phases of the challenges are approximately equal. This suggests that the stricter conditions imposed during the second phase do not significantly influence the overall outcome. Instead, it indicates that the mistakes and challenges encountered are consistent across both phases. Importantly, the survey revealed that inexperience is not a primary factor in the failure of the challenges. Over 80% of traders reported having prior trading experience, with many having actively traded on demo accounts for several months. These traders stated they understood the risks involved, were aware of their trading strategies, and had previously achieved positive results during their demo trading sessions. 📍 1. Reasons Cited By Prop Traders For Failing The Challenges ◾ Lack of Time (79%). Many traders feel pressured by high revenue targets set by prop firms, which often need to be achieved within a limited time period of just 1-2 months. Although, since 2023, almost all prop firms do not set such strict time limits. ◾ Technical Problems (61%). A significant number of traders reported encountering technical issues during the challenge process. Problems such as unreliable quotes, slow platform performance, and unexpected widening of spreads were commonly mentioned as major obstacles to their success. ◾ Violation of Risk Management (27%). A smaller but still notable proportion of traders admitted to breaching risk management rules. Common mistakes included engaging in high-risk gambling behavior, mismanaging leverage, and neglecting to set stop-loss orders. Some traders reported that their lack of understanding of the prop company's terms and conditions led to unintentional rule violations. Specifically, many were unclear about the guidelines surrounding practices such as copying trades, trading during news releases, and the use of trading advisors. This confusion contributed to their unsuccessful attempts in the challenges, emphasizing the importance of clear communication and thorough understanding of the rules set by the prop firms. 📍 2. Most Frequent Complaints From Traders About Prop Firms ◾ Non-Market Prices (92%). A staggering majority of traders reported issues with prices that do not reflect real market conditions. ◾ Order Execution Failures and Canceled Profitable Orders (73%). Many traders experienced problems with their orders not being executed as expected, particularly when they were set to generate profits. ◾ Slippage (67%). A significant number of traders reported encountering slippage, where their orders were filled at prices different from those expected. ◾ Technical Problems with the Trading Platform (52%). Technical glitches and issues with the trading platform were cited as major frustrations by more than half of the traders surveyed. ◾ Ambiguous Contract Conditions (45%). Many traders found the terms outlined in their contracts to be unclear, leading to confusion and misunderstandings. ◾ Insufficient Support Service (19%). A smaller proportion of traders expressed dissatisfaction with the lack of adequate assistance from customer support. ◾ Kicking Out from the Market Due to Non-Market Gaps (11%). Some traders noted instances where they felt they were unfairly removed from trading positions due to non-market gaps. ◾ Other Complaints (7%). A few traders reported additional issues not covered by the aforementioned categories. Traders often encounter hidden rules when working with prop firms, such as minimum holding periods for positions, strict limitations on the minimum length of stop-loss orders, and restrictions on the use of certain trading strategies. Additionally, many traders express concerns about the lack of transparency in the operations of prop firms. On average, over 50,000 traders attempt to pass these firms' challenges each year, but only about 6%, or around 3,000 traders, succeed. Once qualified, these traders are offered between $100,000 and $1 million of the firm's capital, which is sometimes claimed to be sourced from investors. However, there is little clarity regarding how these prop firms can amass such significant investor capital to support 3,000 traders annually. 📍 3. Main Difficulties Encountered By Prop Traders During The Challenge Phases ◾ Sharp Spread Widening and Violation of Maximum/Daily Drawdown Level Requirements (44%) ◾ Automatic Position Closures and Stopping of Challenges by the Company Due to Drawdown Violations (34%) ◾ Other Reasons (51%) It's important to note that traders could cite multiple reasons for their difficulties. The survey results indicate that many successful traders perceive prop firms as having a vested interest in creating obstacles to intentionally disadvantage traders. ◾ Difficulty of Challenge Conditions. 89% of traders described the challenge conditions as difficult, stating they were able to pass only due to their prior experience. ◾ Funding Amounts. 96% reported receiving an amount equivalent to their initial challenge deposit, typically ranging from $20,000 to $200,000. The anticipated funding of $1 to $2 million, as promised by the prop firm, is not accessible until at least one year of successful trading. ◾ Retention Rate. 98% of traders exited the program within six months. In theory, prop firms claim to offer the same trading conditions on a live account as they do during the challenge phases. Additionally, these firms are transparent about their model; traders often operate on demo accounts, while analysts copy their trades. A significant number of traders cited emotional burnout as a primary reason for leaving the prop firms. The tough conditions, restrictions on instrument use, and the risk of having their agreements terminated due to breaches create considerable emotional pressure. Once traders recover the costs associated with the challenge fees and their time, many choose to transition to independent trading, where they can set their own restrictions. 📍 CONCLUSION Prop trading presents several problems that diminish its appeal for novice traders. Many beginners struggle to pass the challenges, while seasoned professionals prefer the freedom of individual trading, free from the constraints typically found in prop trading. Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Education
by Lingrid
9
GOLD What Next? SELL! My dear subscribers, My technical analysis for GOLD is below: The price is coiling around a solid key level - 2508.1 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 2464.6 My Stop Loss - 2533.5 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDShort
by AnabelSignals
2
EURUSD Expected Growth! BUY! My dear friends, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.0977 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.1000 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
NZDUSD Trading Opportunity! SELL! My dear friends, NZDUSD looks like it will make a good move, and here are the details: The market is trading on 0.6048 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.5993 Recommended Stop Loss - 0.6079 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
USOIL Will Explode! BUY! My dear subscribers, This is my opinion on the USOIL next move: The instrument tests an important psychological level 75.41 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 77.21 My Stop Loss - 74.44 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
TVC:USOILLong
by AnabelSignals
1
EURUSD What Next? SELL! My dear subscribers, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.1026 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.0985 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
GOLD My Opinion! SELL! My dear friends, Please, find my technical outlook for GOLD below: The price is coiling around a solid key level - 2486.9. Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 2452.6 Safe Stop Loss - 2508.9 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDShort
by AnabelSignals
1
EURGBP Sellers In Panic! BUY! My dear friends, My technical analysis for EURGBP is below: The market is trading on 0.8525 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.8569 Recommended Stop Loss - 0.8497 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBPCAD Set To Fall! SELL! My dear friends, Please, find my technical outlook for GBPCAD below: The instrument tests an important psychological level 1.7681 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.7603 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
USDJPY Massive Long! BUY! My dear subscribers, My technical analysis for USDJPY is below: The price is coiling around a solid key level - 148.08 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 148.63 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
NZDCAD Will Collapse! SELL! My dear friends, NZDCAD looks like it will make a good move, and here are the details: The market is trading on 0.8276 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.8227 Recommended Stop Loss - 0.8304 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
USDCHF On The Rise! BUY! My dear friends, Please, find my technical outlook for USDCHF below: The price is coiling around a solid key level - 0.8636 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 0.8646 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GOLD Buyers In Panic! SELL! My dear subscribers, This is my opinion on the GOLD next move: The instrument tests an important psychological level 2473.3 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2443.5 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDShort
by AnabelSignals
2
USDCAD Technical Analysis! BUY! My dear subscribers, USDCAD looks like it will make a good move, and here are the details: The market is trading on 1.3701 pivot level. Bias - Bullish My Stop Loss - 1.3664 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.3758 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBPUSD Set To Fall! SELL! My dear followers, I analysed this chart on GBPUSD and concluded the following: The market is trading on 1.2854 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.2789 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
AUDCAD Will Collapse! SELL! My dear followers, I analysed this chart on AUDCAD and concluded the following: The market is trading on 0.9082 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.9016 Safe Stop Loss - 0.9125 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURCHF The Target Is DOWN! SELL! My dear friends, EURCHF looks like it will make a good move, and here are the details: The market is trading on 0.9524 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.9422 Recommended Stop Loss - 0.9591 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
GBPNZD Expected Growth! BUY! My dear friends, GBPNZD looks like it will make a good move, and here are the details: The market is trading on 2.1199 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 2.1378 Recommended Stop Loss - 2.1097 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1