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How you can make 6 figures a month using prop fundsFirstly you need to be able to acquire one account such as a 100k account. Assuming your target is $110000 you start by risking $500 a trade until you reach $3000. if you take losses you continue risking the same until you're back at the starting point. once you reach $3000 of profit you now up your risk to $1000 until you get to $6000 and then $2000. This should easily allow you to pass phase 1 of the challenge, you then repeat the same for phase 2. Once you receive your first funded account, you are now going to purchase another challenge and copy trade your funded account (master acc) onto the challenge. Repeating the above and considering you have a strategy with a good win rate, you are now able to make money while passing the challenges without having to trade 2 accounts manually. You continue this process and max your funding with one prop fund, and then move on to a second and so on until you have 7 figures in funding under your belt. The key is to remain focused and have your psychology and mindset on point. making a mistake on your master account is going to reflect on all accounts. The same goes with profits however. If you have 1 mill in funding and make 1% in a week on one of your 100k accounts, then the other 9 will also make 1% bringing you to a total of 10% ($100000) in one week. My favourite prop fund atm is properfunded.com
Education
by opes_trading_group
3
AUDCAD MASSIVE RALLY UPCOMINGThis week we saw a dump in all the CAD pairs and I was a beneficiary of that dump. I took a sweet short on NZDCAD. This coming week, AUDCAD has lined up well for a sweet long. On the monthly timeframe, we are on a critical demand level, and on the daily, we have buy-side liquidity to take before heading to my TP. I will be monitoring this pair for a CHOCH before going long. I would advise you to observe for manipulations before the bullish move so you don't take a hit. Here is the NZDCAD setup I took which played out perfectly. I will be sharing more trade ideas and setups in the coming days. Ensure you are following me so you don't miss out. Cheers, David
Long
by jabariofafrica
2
Short-Term Trade Opportunity with High Potential RewardIntroduction: In this analysis, we'll look at a short-term trading opportunity based on a H&S continuation pattern. The pattern is already formed, and we're waiting for a breakout over the right shoulder to confirm the continuation. The trade has a high potential reward, with a price target of 34250, and a manageable risk with a stop loss at 28835. Chart Analysis: As we can see from the chart, the pattern has formed a classic H&S shape, with the left shoulder, head, and right shoulder. The neckline is also clearly defined, and the price has tested it several times without breaking it. However, we're not looking for a reversal here, but a continuation of the previous uptrend. That's why we're waiting for a breakout over the right shoulder, which would indicate that the buyers are still in control and willing to push the price higher. We've marked the breakout level with a red dashed line, and we can see that it's close to the resistance level at 30317. If the price breaks above this level, it will confirm the strength of the breakout and increase the probability of reaching our price target. Which it did, so we're in right now. Risk Management: Every trade involves risk, and we need to manage it properly to avoid large losses. In this case, we're placing our stop loss at 28835, which is below the neckline and the right shoulder. If the price falls below this level, it would invalidate the pattern and signal a potential reversal. We should also consider the position size and the leverage we use, depending on our risk tolerance and trading strategy. It's important to never risk more than we can afford to lose and to have a plan in case the trade doesn't go as expected. Conclusion: Overall, we have a short-term trading opportunity based on a well-defined pattern with a high potential reward and manageable risk. The breakout level and the resistance level at 30317 are important levels to watch, and we should be prepared to act quickly if the price shows signs of strength or weakness. Remember to always do your own analysis and never rely solely on someone else's opinion. No financial advice here, just sharing an idea. Happy trading!
COINBASE:BTCUSDLong
by KarimSubhieh
AUDJPY.... 4RR BULLISH TRADEHey guys, It's been a long time since I made a post but guess what, I am back and ready to give you guys the best trade ideas ever. On analyzing the JPY pairs, I also make use of the JPY index so as to select the best pair to trade, and as you may find out if you check, FX:AUDJPY has entered a strong daily demand level and is currently setting up buy-side liquidity which you can see on my chart. I expect it to use the buy-side liquidity to retrace to my entry after which, the bullish move should happen. I will also be posting my analysis on CADJPY... SO WATCHOUT. Let me know if you are also interested in this pair. Cheers, David
Long
by jabariofafrica
The Breakout Trading Strategy of Trendlines | OKXIDEAS Hello traders, In this post i am just showing you a very simple and easy trading strategy especially for beginners, in this strategy i am just using two basic things trendlines and 50 simple moving average which is you can also see in the charts above. What you will be doing in this strategy just simply go to the 1hr timeframe see the clear trend draw the trendline wait for the breakout when breakout happen now wait for price to retest or just place a buy limit or sell limit order. I hope you like the strategy this is the trendlines breakout trading strategy. The one good thing about this strategy is the risk to reward ratio because in this strategy you will have potential to have around 1/3 risk to reward ratio so this means if you placed 10 trades and you lose 7 trades out of 10 and you just won 3 trades out of 10, you will be still profitable so meanwhile you just need to have a 30% wining ratio to be profitable in a long run. I just advise you that try the strategy open the chart and back-test your chart and trade it on demo live market condition at least for one month and see the results ask the question to yourself can you be profitable? if the answer is yes so probably you know that what to do next but if the answer is no then look it your one month data that you have, make sure to journal your one month data record and try to analyze what mistakes you do what wining ratio you have can you have a little deference to between 30% see your taken trades you will be seeing some bad trades and you don't wanted to trade next time avoid those trades in the next month and just repeat the process be patient one day you will be consistently profitable but if not then don't lose the hope and just try again again and again learn from your mistakes come back and don't do that mistakes again, remember every strategy is good if you practice and managed it. Just find the strategy that you suit and start the process. I hope you liked the post, i wish you good luck and good trading.
Education
by TheLoserMan
1
Analyzing the Impact of FOMC Meetings on Stock PricesAs a stock trader, it's important to pay attention to major events that can impact the market, such as the Federal Open Market Committee (FOMC) meetings. These meetings can have a significant impact on stock prices, and understanding their historical trends can help you make informed trading decisions. In preparation for the upcoming FOMC meeting on May 3, 2023, we've analyzed the highs from each FOMC meeting since 2021. We've compiled this data into a timeline that shows the market's reaction to these meetings, with vertical lines indicating market open and close. As you can see from the image below, the majority of market movers occur in the after-hours trading following the FOMC meeting. This can be attributed to the fact that traders are reacting to the decisions made by the committee and adjusting their positions accordingly. We've also calculated the percentage change from the original opening line to the high point for each meeting, with the highest mover being 6.14% and the lowest being 4.25%. These results were found at market close on Thursday following the FOMC meeting. It's worth noting that past performance is not necessarily indicative of future results, and the market can be unpredictable. However, analyzing historical trends can be a useful tool for stock traders who want to be prepared for potential market movements. In conclusion, the FOMC meeting on May 3, 2023, is likely to have an impact on the stock market. By understanding historical trends and analyzing market data, traders can be better equipped to make informed trading decisions. We hope that this analysis has provided some useful insights and helps you navigate the market with confidence. I hope that this analysis of previous FOMC meetings and their impact on the stock market will be helpful to anyone who is curious or considering trading tomorrow. However, we want to emphasize the importance of doing your own due diligence and research before making any trading decisions. The FOMC meetings can be highly unpredictable, and it's essential to trade smart and cautiously. As our analysis shows, the majority of market movement following the FOMC meetings tends to occur in the after-hours trading, making it even more crucial to be cautious. Therefore, it's crucial to stay informed, keep an eye on market trends, and use historical trends as a guide while making informed trading decisions. In conclusion, I hope this analysis provides helpful insights for traders and investors, but remember to exer cise caution and always be mindful of the risks involved in trading. Happy trading!
NASDAQ:QQQ
by jacobwilson007
EURNZD DAILY CHART PROJECTIONDon't MISS! After collecting our data from the weekly timeframe, price initially was in a downtrending market and we had a success break of structure so we expected that the market will change it's direction from downtrend to uptrend of which it did. The current trend to the upside which is visible on the DAILY timeframe, we can regard that as our Impulsive trend/move. Within this move, price is making a valid uptrend creating HIGHS and LOWS . The impulsive trend is currently moving rapidly which broke the resistance level (Check the arrow). Our anticipated overall price target is @1.82000 level As we all know, price is not just going to fly there, it's going to create a trend to get to the final target. So we're expecting price to make a new low to @1.73500 to @1.72000 level then we will look for a bullish confirmation. TRADES OPPORTUNITY I am currently watching this market closely and we will look at the smaller timeframe so we have a confirmation for a short sell. Join my channel to not miss this opportunity Kindly Like this Trade Idea if you love it and Follow me for more Thanks Regards.
Short
by opizzlefx