Trading Education Guide

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Start Here

Learn basics of technical analysis.

Technical Analysis

Charts, patterns, indicators.

Risk Management

Protect your capital.

Psychology

Master your mind.

Disclosure

Money Management

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Risk Per Trade

Never risk more than 1-2%.

Position Sizing

Calculate based on stop loss and account size.

Portfolio Risk

Do not correlate all trades.

Disclosure

Trading Journal

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What to Log

Entry, exit, reason, emotions, results.

Weekly Review

Analyze wins, losses, patterns.

Improvement Areas

Identify weaknesses and fix them.

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Trading Plan Template

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Before Trading

Set daily goals and review market conditions.

Entry Rules

Specific criteria for entering a trade.

Exit Rules

Stop loss and take profit levels.

Position Sizing

Calculate lot size based on risk.

After Trading

Review trades and log results.

Disclosure

Avoid Prop Firm Scams

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Red Flags

Guaranteed passing, upfront fees, no reviews.

Research

Check forums, verify company, test withdrawals.

Safe Choices

Stick to established firms with track records.

Disclosure

Best Trading Strategies

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Trend Following

Trade with the trend using moving averages.

Range Trading

Buy support, sell resistance.

Breakout Trading

Trade breakouts from ranges.

News Trading

Trade around major news events (if allowed).

Disclosure

Best Trading Indicators

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1. Moving Averages

50 EMA and 200 EMA for trend direction.

2. RSI

Identifies overbought/oversold.

3. MACD

Trend momentum indicator.

4. Bollinger Bands

Volatility and mean reversion.

5. Volume

Confirms price movements.

Disclosure: Affiliate links.

FOREX VS FUTURES

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FOREX

WHAT IS IT?

Trading currency pairs like EUR/USD.

ADVANTAGES

• 24/5 trading
• High liquidity
• Low spreads
• Many brokers

DRAWBACKS

• Over saturated
• High leverage = high risk

FUTURES

WHAT IS IT?

Trading contracts like ES (S&P 500) or CL (crude oil).

ADVANTAGES

• Regulated exchanges
• Transparent pricing
• More instrument variety

DRAWBACKS

• Margin requirements
• Contract expiration

WHICH TO CHOOSE?

Forex: Start here. Easier for beginners.

Futures: For experienced traders seeking diversity.

Disclosure: Affiliate links.

DAY TRADING VS SWING TRADING

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DAY TRADING

All positions closed within the same trading day.

PROS

• No overnight risk
• More opportunities
• Fast feedback

CONS

• Time intensive
• Higher stress
• More transaction costs

SWING TRADING

Positions held for days to weeks.

PROS

• Less time
• Lower stress
• More analysis time

CONS

• Overnight risk
• Less opportunities
• Delayed feedback

FOR PROP FIRMS

Most prop firms prefer day trading due to daily drawdown rules. Swing trading can work but requires careful risk management.

Disclosure: Affiliate links.

TRADING PSYCHOLOGY

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THE MENTAL GAME

Success in prop trading requires mental discipline. The psychological challenges are as significant as the technical ones.

COMMON ISSUES

Fear of Losing

Fear leads to hesitation and missed opportunities.

Revenge Trading

After a loss, trying to recover quickly leads to bigger losses.

Overconfidence

After a win, taking excessive risk.

Impatience

Forcing trades when there are none.

SOLUTIONS

Follow Your Plan

Stick to your trading plan regardless of emotions.

Accept Losses

Losses are part of trading. Focus on process.

Take Breaks

Step away when emotions run high.

Track Progress

Keep a trading journal to identify patterns.

DAILY ROUTINE

• Review your plan before trading
• Take breaks every 2 hours
• Stop trading when tired
• Review trades at end of day

Disclosure: Affiliate links.