What Is Day Trading?

Day trading means buying and selling assets during the trading day. The goal is to make profits from short-term price swings. You then close out your trading position when the markets close for the night. 

You can generate profits fairly quickly since you’re not holding investments for long. And with help from a prop firm, it’s easy to get up and running.   

How Does Day Trading Crypto Work?

Day trading crypto brings together the consistency of regular day trading with the spontaneity of crypto. Here’s how. 

• While regular trading may not begin until, say, 9.30AM ET, crypto trades happen any time. That said, most trades occur when the market is most active rather than at odd hours of the night.  

• You can trade any crypto coin, from Ethereum to Litecoin. This means you can diversify your portfolio with multiple digital assets. Or, you can easily trade crypto alongside your other day trades.  
• Typically, you won’t hold a crypto trade for more than a few hours. This is familiar territory for day traders who rarely hold an asset for more than an hour or two.  

You normally trade a crypto pair, and it’ll be against the dollar. You’re looking for waves, or volatility, in the crypto price. This is just like how regular day traders look for opportunities.

Is Day Trading Worth It?

It’s an interesting question – is day trading really worth it? For the right trader, yes. Absolutely. As with any investment strategy, though, it has its pros and cons.

Day Trading Advantages

• Flexibility: Whether you’re working part-time or just want a balanced lifestyle, you can make day trading work. There’s no need to work 24/7 or keep a constant eye on the market. But whenever you’re ready, there’s a market waiting for you.   
• Accessible: It has never been easier to start day trading. And when you join a funded prop firm like Our Forex Capitals, you don’t even need your own simulated capital to get going! 
• Engaging: If day trading is anything, it’s fast. It’s constantly changing and no two days are alike. If you thrive on the pressure of reacting to price swings and making quick decisions, day trading could be worth it.   

Day Trading Disadvantages

• Challenging: You need to really care about investing to succeed in day trading. Whether it’s learning a new market or refining your strategy, day trading requires commitment.  
• Volatile: Day trading can deliver big rewards and profits. But it can also be high-risk. You can offset some of this risk, though, by learning day trading strategies before you start.  
• Stressful: While the fast-paced nature of day trading works for some, it’s too stressful for others. If you prefer more predictability and find the swings challenging, it may not be for you.  

Is Crypto Day Trading Worth It?

If you plan on day trading, there’s another question to answer. Should you trade crypto? Ultimately, it depends on your own investment strategy. However, here are the main pros of trading crypto so you can decide if it’s worth your time. 

Pros of Crypto Trading

You’re the only one who can decide if crypto trading is worth it for you. However, here are some impressive pros to crypto trading you might want to think about. 

1. Market Flexibility

The crypto market is constantly changing. It’s volatile. While this could make some traders wary, it can actually lead to impressive gains.  

Transfers are fast, too, since everything happens digitally. Fast transfers benefit traders looking to capitalize on every minute of the trading day. 

2. Greater Financial Freedom

What can crypto offer that traditional currencies don’t? Financial freedom. The people control cryptocurrency – not banks or other financial institutions. This means there’s less chance of government-level interference or censorship. 

When compared with other markets, crypto is an accessible opportunity. 

Cons of Crypto Trading 

Having the right crypto trading strategies can make this a lucrative way to trade. But are there any downsides to crypto trading? Let’s consider some possible drawbacks. 

1. Market Volatility

Volatility has its own pros and cons. Just as the unpredictability can help you make returns, it’s also a risk factor. You never know what’s going to happen and you could lose your investment. Although, it’s worth noting that all investment carries a degree of risk, not just crypto.   

2. Limited Acceptability

Crypto is an evolving market. Although it’s more widely accepted than ever before, it’s still not a common currency in transactions. This does not make crypto a “bad” investment by any means. However, the limited acceptability may deter some traders depending on how they wish to use trading profits. 

For example, if you plan on spending your profits, you may choose a different asset. However, if you’re investing for the long-term and holding your profits, you may choose crypto.

Arguably, day trading crypto has more clear pros than cons. So, is day trading crypto worth it? It just might be. 

Is Day Trading Crypto Right for You?

Hopefully, you now have a clearer idea of whether day trading crypto makes sense for your investment goals.  

And if you want to start day trading, look no further than Our Forex Capitals. Thanks to our broker, Blueberry Markets, we offer 0 spreads during peak time and smoother execution. The result? Improved latency – and a better trading experience.  

Just remember to always check the coins you’re trading. Make sure they have a solid history or you run the risk of a “rug pull”. Rug pulls are a common scam and can cost you significant money, so invest wisely. 

Ready to invest? We’re always searching for successful day traders to partner with. Join the action and try our challenges today! 

The post Is Day Trading Crypto Worth It? appeared first on Our Forex Capitals.

If you have similar questions, don’t worry – prop firms can be confusing. To help you decide if instant funding is for you, here’s how these firms work and why they’re unique. 

What Is a Prop Firm?

Let’s start with the most important question – what is a prop firm, anyway? 

Prop firms are financial institutions. They provide promising, full-time traders with the tools they need to buy, sell, and trade assets.  

• The trader uses the firm’s simulated capital to make trades. In exchange for accessing the prop firm’s simulated capital, the trader gives back a percentage of profits they make.  
• Not only can the trader use the prop firm’s simulated capital, but they can use their resources and trading platforms, too.  

Think of it this way. The prop firm supplies the simulated capital. The traders supply the talent. Together, they can make a profit. 

How Do Prop Firms Work?

Prop firms work on a simple model. First, the trader decides which firm they want to trade for. Then, they complete a “challenge”. This challenge demonstrates their trading skills and shows they know how to make a profit.  

After successfully completing the challenge, the trader can join the prop firm. They’ll open an account and start trading right away. Assuming they follow the firm’s own trading rules and standards, they’ll continue trading as long as they wish. 

Benefits of Using a Prop Firm

If you’re a full-time trader, there are many benefits to working with prop firms.  

• Since you’re using the prop firm’s simulated capital, you’re not risking your own assets. 
• If you don’t have access to large pools of simulated capital, you’re limited in how much you can trade. Joining a prop firm lets you take more calculated risks which could generate greater returns.  
• Prop firms want their trading team to succeed. They’ll offer mentorship, education, and support to help you become a better trader in the long term.  
• If you’re unsure how to manage risk, prop firms normally have clear protocols for choosing a strategy. Even experienced traders can benefit from risk management advice.    

Okay, so that’s how prop firms work. What about instant prop firms, though – why are they different? Let’s take a look. 

What Is a Prop Firm With Instant Funding?

“Instant” is the key word here. Instant funding prop firms provide traders with quick and seamless access to simulated capital. There’s no waiting involved. If you want to trade, you can open an account and get started. 

That’s right: there are no challenges. No tests to pass. Just access to the simulated capital you need to start trading and making a profit.  

Let’s take prop firms with instant funding as an example. You choose a prop firm to join, get an account, and start trading. Not only do such firms give you instant funding, but you’ll have access to the foreign exchange market with many trading instruments at your disposable. For many traders with a little simulated capital to spare, this is an ideal opportunity to grow as an investor!   

What Makes Instant Funding Prop Firms Different? 

It all comes down to accessibility. Day traders need to act quickly to make money. This is simply the reality of being a full-time trader.  

Instant funding prop firms understand this. They offer aspiring traders the simulated capital they need to make trades with minimal fuss. All that’s required is a small fee for signing up.  

That’s how you know you can trust instant funding. Some investment is required in exchange for the firm taking you on.  

Pros and Cons of Instant Funding Prop Firms 

Still unsure whether instant funding prop firms are right for you? Here’s a roundup of some pros and cons so you can make an informed decision. 

Pros

Let’s start with the positives. 

• There’s no waiting around to complete challenges or verification processes. When you want to start trading, you can. It’s that easy.  

• Trading sooner means you can generate a profit quicker, too!  
• You’ll still benefit from prop firm support, even though you didn’t complete any challenges to open an account.  
• There’s often flexibility over fees or simulated capital structures. You have options rather than feeling forced into a single tier.   

Cons

Instant funding firms are not optimal for everyone. Here are some drawbacks to consider. 

• Trading for prop firms requires a significant time commitment. After all, they’re aimed at full-time traders. If you’re unsure whether full-time trading is right for you, then prop firms may not be optimal. 
• Prop firms might have rules about what trading strategies you can use. You may feel constrained by these protocols, depending on your trading habits. 
• You may need to pay a fee for the privilege of instant funding. This does not appeal to all traders.  
• Since you can start trading right away, you might feel overwhelmed by the process.  

Some traders prefer taking the more “traditional” approach and opting for a challenge account first. It’s all down to you – the individual. 

Choosing the Best Instant Funding Prop Firm

Are you ready to choose an instant funding prop firm? Here are some tips for making the best choice for your trading goals. 

• Think about what you want from trading. Even instant funding prop firms aren’t for everyone – it all depends on your objectives. 
• Look for a firm with a range of tiers to choose from. That way, you can choose a plan that suits you.  
• Go for firms where there’s no need to reach certain profit targets. These firms care about building long-term relationships with traders.  
• Look for a prop firm where you’ll receive support and risk management advice. Prop firms like these want you to grow and reach your potential. That’s why, at Our Forex Capitals, we pride ourselves on trader support and customer service.   

While instant funding prop firms are not quite the same as other prop firms, they offer similar benefits. If you’re keen to start and have money to spare for the fee, instant funding could be for you. 

Get Funded Today With Our Forex Capitals

At Our Forex Capitals, we’re serious about working with the best full-time traders. That’s why we offer a range of challenges to help traders unlock their potential. Discover how to make a profit without risking your own simulated capital.

Join the action and get funded today! 

The post How Are Instant Funding Prop Firms Different? appeared first on Our Forex Capitals.

What Is a Prop Firm?

A proprietary trading firm (prop firm) is a type of financial institution. The firm uses its own capital to fund experienced traders who do not have access to substantial funds on their own.  

How Do Prop Firms Work?

It’s a simple setup. Eligible traders sign up for an account, which gives them access to the firm’s funds, trading tools, and support. 

In exchange for this access, the trader gives the prop firm a portion of their profit share. The prop firm covers any resulting losses. This is why such firms aim to work with experienced traders to improve their prospects of success. 

Prop firms enable traders to work across various asset classes. For example, you might trade in the equities market. Or, you could trade other assets, such as forex. 

Is a Prop Firm Legit?

Yes, some prop firms are entirely legitimate! Concerns may arise as online prop firms are unregulated. As a result, scam firms do, unfortunately, appear. But this does not mean that all prop firms are illegitimate. And there are steps you can take to protect yourself from bogus prop firms.   

How to Find Legit Prop Trading Firms

Now we know that some prop firms and Forex prop firms are legit, here’s how to find those legitimate platforms. 

Professional Online Presence

A web presence matters. Sure, there’s no need for the firm to feature on every social media platform. They should at least have a professional website, though.  it should be engaging, sleek, and fully functional. 

It’s also a good sign if the firm has an active online community on platforms like Discord, where you can meet other traders and talk to them about their experiences. 

Reliable Customer Support

Prop traders work hard every day to make profits. Hours, minutes, and seconds count. Legit prop firms should be easy to contact whenever you need help. And you should be confident that you can ask questions when you need extra support. 

Transparent About Evaluation Process

Trading isn’t easy. Legit prop firms want to work with talented traders to improve their chances of success. So, while it shouldn’t be incredibly difficult to qualify for a funded account, it shouldn’t be super easy, either. 

• The sign-up process should be simple to understand. 
• The terms and conditions should be easy to read.
• There should be some acknowledgment of the risks involved in trading. 
• You should be in no doubt as to what happens at each stage of the process.

Promising Reviews Online

Your prop firm of choice should have at least some online reviews on authoritative websites like Trustpilot. They don’t all need to be five-star reviews, but they should be positive overall. 

If it’s a newer prop firm, it’s okay if they don’t have many reviews. But what you don’t want to see is all negative reviews!

How to Spot a Scam Firm

We’ve explained how you can spot legit firms to partner with. But what are some signs of possible prop firm scams? Here are some red flags you should know about. 

Lack of Online Presence

Legit prop trading firms want to be found. They want to attract the best trading talent and grow their platform. What’s the best way to do this? Having a professional online presence. 

• If the trading firm doesn’t have a website, steer clear. 
• Use caution if the content is littered with a lack of information, spelling errors, and grammatical mistakes. 
• If there’s no online discussions around the firm, this is another bad sign.

Put simply, if a prop firm’s web presence raises eyebrows, it’s best to avoid them. 

No Customer Support

Legit prop firms want to help you be successful. They want to support you along your trading journey. 

After all, you’re a team.

So, it should raise alarm bells if there’s no “contact us” option. And if customer service numbers don’t work, or no one gets back to you, these are also bad signs. 

Promises and Guarantees

Unfortunately, trading has no guarantees. There’s always some degree of risk involved – you could lose your investment. Be wary of any prop firm that says otherwise! 

Although there are steps you might take to improve your chances of success, you can’t remove all risk. Guarantees and promises are major red flags. 

Problematic Online Reviews

It’s concerning if there are multiple one-star reviews, or if users complain about the firm being a scam. Although it’s hard to say if reviews are legitimate, a pattern of poor reviews is a bad sign. 

On the flipside, be wary if there’s nothing but glowing reviews. The comments could be very similar, using the same types of words and phrases. The reviews might be posted within a few hours or days of each other. These signs could indicate that the reviews might be fake, so proceed with caution. 

Avoiding Trading Scams

If you’re caught out by a prop firm scam, you could lose your money. This can happen even to experienced traders. To stay safe when using trading platforms, you should:

• Read the firm’s terms and conditions and make sure you understand them. 
• Ask as many questions as you need to ask before you commit. 
• Research prop firms before you start trading so you know how to spot scams.

Put simply, if you’re in doubt about a prop firm, don’t use it. If it seems too good to be true, there’s a good chance that it is.  

Get Funded with Our Forex Capitals

Are you ready to trade with a prop firm you can rely on? Our Forex Capitals wants to work with you! We’re looking for ambitious, professional traders who want to take their investing skills to the next level. 

We keep our evaluation process as simple as possible to help you get up and running quickly. And if you need help with your trading strategy, don’t worry – we’re here to answer your questions. 

Join the action and get funded today! 

The post Are Prop Trading Firms Legit? How to Weed Out the Scams appeared first on Our Forex Capitals.

What Is a Funded Trader?

If you’re not familiar with the term “funded trader”, here’s a brief definition.

Funded traders don’t use their own equity, or capital, to make trades. Instead, they’re funded by proprietary (“prop”) firms. 

• The prop firm gives eligible traders a funded account. 
• Through this account, the trader is assisted by the prop firm to achieve their goals.
• The prop firm splits the profits on a funded account with the trader.

So, in short, funded traders are simply traders who are funded by external sources.

Can Anyone Be a Funded Trader?

Technically, yes. Anyone can get funded for Forex trading, or for trading in other markets where the appropriate regulations have been met. However, just because anyone can get funding doesn’t mean they’re actually eligible. 

Prop firms rely on funded traders to generate their own profits. Legit prop firms only work with promising, talented traders who know how to assess risk and make smart trades. Don’t be daunted by the application process, though. With enough skill and experience, you can work your way up to funded trading. 

Do Funded Traders Make Money?

Sure! That’s the whole point of funded trading. It helps skilled traders make significant profits even if they don’t have their own capital to draw from. 

As with any type of trading, though, there are risks involved. There’s never any guarantee that you’ll make money. However, for some, it’s a lucrative way to trade. 

Pros of Funded Trading

If you’re looking to grow as a trader, there are many upsides to having a funded account. The three key advantages are: 

• Since you don’t use your own capital, you’re not risking your own money. 
• Having large sums of money behind you gives you leverage in the marketplace. 
• You’ll benefit from the prop firm’s trading tools and market access. 

Cons of Funded Trading

Being a funded trader is not for everyone. Before applying for a funded account, here are some possible drawbacks to bear in mind:

• Funded trading is a commitment. You need to invest significant time toward buying and selling assets. 
• You’ll need to follow the platform terms and conditions. This may feel limiting if you prefer working independently.
• Since you’re using the firm’s capital, you won’t keep all of your profits.

How to Get Funded for Trading

If you’re serious about getting a funded trading account, follow these steps.

Have a Trading Strategy

First, think about why you want to become a funded trader. It’s not enough to simply want access to a larger pool of capital. You need a clear strategy for making this a successful journey. 

• Choose a market. This could be a market you’re already involved in, or it could be new territory for you.
• Thoroughly research your chosen market. Yes, a funded trading platform will support you. However, it’s crucial that you know how the market works before you start trading. 
• Determine your own trading strategy. This will be impacted by, for example, how much time you can commit to trading each week. 

Choose a Funded Trader Account

Next, choose your trading platform.

Prop firms give you access to quality trading tools and they’ll help you make smarter decisions. That said, every firm or trading platform has its own unique features. You need to research your options to decide which platform is best for opening a funded account. 

If you need help deciding, don’t be afraid to ask questions. Your funding platform should want you to succeed. 

Apply to Join a Funded Trading Platform

Once you choose your prop firm you’ll need to complete a “challenge” to demonstrate your abilities.

• Challenges prove that traders have trading strategies that align with the prop firm. 
• A challenge demonstrates the trader’s potential before the prop firm assumes any risk. 
• The challenge may also help a trader decide if funded trading is right for them.

To complete the challenge, you’ll receive a small amount of capital and a demo account. You must generate a profit while following the prop firm’s rules. If you succeed, you may be required to complete a second test – just to make sure you’re consistent.

Prop firm challenges are not designed to trick you! Think of them like job interviews. They help confirm whether you’ll fit into the platform. When you think of them this way, you’ll see that they’re a highly useful tool. 

Complete the Verification Process

If you’re accepted as a trader based on passing the challenge, you’ll receive a funded account. However, you’ll normally be required to complete the firm’s verification process before you can start trading. This involves, for example, confirming your identity. 

The verification process is normally fairly straightforward.

Start Trading

You will be notified once the verification process is complete. This could take anywhere from a few hours to a few days, depending on the steps involved. 

At this point, you have full access to your firm’s trading platform. You can start trading right away in line with the firm’s rules, terms, and conditions. And once you make a profit, you can begin drawing from it. 

Congratulations if you reach this point – you’re now a funded trader! 

Get Funded for Trading with Our Forex Capitals

Are you looking for a funded trader account? Our Forex Capitals wants to hear from you. All you need to do is win our challenge, complete the verification process, and start trading. What’s more, you can retain 80% of your trading profits!

We’re passionate about helping talented investors succeed. We don’t believe anyone should be prevented from reaching their trading goals just because they don’t have much capital. That’s why we offer low-cost ways to open a funded account. 

And we don’t pressure you to hit your goals, either. We want you to make smart decisions without feeling rushed. 

Get funded today and start your trading journey!  

The post How to Get Funded for Trading: Starting Your Journey appeared first on Our Forex Capitals.

What Is Day Trading?

Let’s start with the basics – what is day trading, anyway? 

Put simply, day trading means buying and selling assets in a short space of time. Typically, this means selling and buying assets within a single trading day. The goal of day trading is to cash in on price fluctuations. Meaning, you buy when a price goes down, and sell when the asset price rises again. 

There are, technically, no limits to how many trades you can make in a day. Some day traders might only make one or two trades a day, while others make dozens. It all depends on:

• How much time you can spend on day trading; and 
• How much you could afford to lose.  

How Much Money to Start Day Trading

So that’s what day trading is, but here’s another big question. How much does it cost to get started? Do you need lots of cash on hand, or is it affordable? 

Well, you can start trading with as little as $500. That’s what makes prop firms so attractive to talented day traders – they make trading accessible. You can get started with a prop firm like Our Forex Capitals for just $45!

That said, there’s a rule you should be aware of, and that’s the “drawdown” restriction. 

Prop firms can only allow traders to “lose” so much capital before they restrict the trader’s account. This limit is the drawdown restriction. When you’re planning your investment strategy, you need to bear this limit in mind.

• If you reach the drawdown limit, your account may be suspended.
• There’s always the option to “buy back” the drawdown you lose so you can keep trading. This requires capital, though, so you don’t want to drift too deep into the drawdown limit. Otherwise, you might struggle to “buy back” your place within the prop firm.

Prop firms are supportive. They want traders to succeed. They’ll help you with risk management strategies so you can make impressive trades without falling foul of the drawdown.

The main takeaway is that you don’t need much money to get started. However, it might influence how you actually trade. We’ll cover this below.  

How to Start Day Trading, Step By Step

If you want to start trading, here’s how you should go about it. 

1. Do Your Research

Think about the market you want to invest in. Research it thoroughly. It’s not enough to just have a general idea of how to invest. You need to know your market, and how to respond to fluctuations, before you start. 

2. Know Your Goals and Objectives

What do you want from life as a day trader? This is a key question to ask yourself. Think about the answer carefully. While you’re at it, here are some other points to cover:

• Know your risk tolerance and stick to it. 
• Determine what kind of assets (such as crypto or forex) you want to trade. 
• Be honest about how much time you’re willing to spend on trading. Your time commitment determines if day trading is a good move. 
• Review your goals regularly to ensure you’re meeting your targets.

3. Set an Investment Strategy

How do you want to invest? Study the different strategies. 

For example, you might try buying and selling based on current trends. Or you might opt for assets that “swing” between high and low prices. Or, you might try exploiting short, sharp market changes.

Consider opening a demo account to get a feel for what works best and what you enjoy. Also, have an “exit plan” or strategy and stick to it! 

4. Determine Your Limits

Next, set your investment limits. These limits should always be in line with your prop firm’s own drawdown rules. 

Be realistic about what you can spend (it’s usually best to start small). You can always change your limits as you get more experienced and confident in your abilities. Set your price points, stick to them, and learn from every trade. 

At Our Forex Capitals, we’ll help you set limits as you learn the tools of the trade. We’ll support you in the short and long-term – after all, we’re in this together! 

5. Choose Your Platform

Finally, you need to choose your investment platform. You’ll need some basic tools to do this, such as a laptop or desktop computer, and internet access. 

You can work with a broker or choose a prop firm. A benefit of choosing a prop firm is that you’re not risking your own money. In exchange for a fee, you’re sharing the profits but getting access to their trading tools and resources.

Is Day Trading Right for Me?

So, we’ve covered day trading and how to start day trading quickly. Is it right for you? Well, we can’t give you a firm answer – it’s a personal decision. However, we can give you some pros and cons to think about to help you decide. 

Day Trading Pros

Clearly, day trading can be exciting. Here are some advantages to this trading strategy.

• If you know what you’re doing, you can make impressive returns on your investment.
• You might enjoy the intellectual challenges of day trading. It requires skill, creativity, and talent.  

Can you make money day trading? Absolutely. But you need a strategy. And you need to be prepared to take some (calculated) risks. 

Day Trading Cons

Day trading is fast. It’s thrilling. But it’s not without its risks. Here are some drawbacks to consider before you start trading.

• You may find watching market fluctuations stressful. It’s not an enjoyable trading strategy for everyone.
• It can be harder to make money if you’re not day trading full-time. Not everyone wants this kind of commitment. 
• Since it is fast, day trading is volatile. You’re relying on short rather than long-term market fluctuations to make money. The downside is that these fluctuations could cost you money. 

Start Your Day Trading Journey

Do you want to start day trading? We can help. At Our Forex Capitals, we help talented traders make big moves without risking their own capital. From risk management to tips on day trading strategies, we’ve got you covered. 

Get funded today!

The post How to Start Day Trading: Your Practical Guide appeared first on Our Forex Capitals.

With the right mindset, strategies, and risk management concepts in place, there’s plenty of upside (and excitement) associated with asset trading. And it’s not just the earnings that are exciting, either. Navigating markets, finding the best opportunities, and taking advantage of them can feel very rewarding.

However, that excitement often runs up against a reality in the world of trading. You need some substantial capital to earn meaningful returns as a trader. And that kind of capital is often not within the reach of the average trader.

That’s where funded trader programs come into play. Working with a prop trading firm means you can use the firm’s simulated capital to fund your trades. You don’t need to build up a large cash reserve on your own.

There are plenty of funded trader programs out there, and the legitimate ones offered by prop firms offer some valuable benefits. Our Forex Capitals Trader Program is one of the very best. We deliver some powerful advantages that are hard to find — or simply aren’t available anywhere else.

Let’s take a closer look at the benefits of funded trading programs in general. Then, we’ll review the unique advantages that make Our Forex Capitals the best funded trader program!

General Benefits of Funded Programs for Traders

Funded trader programs are based on a simple concept. 

Individual traders have the trading style and market knowledge needed for positive performance and results. Bringing these two groups together means the firms can put their money to work, while traders earn profit splits.

Here are some of the most important benefits offered by funded trading programs in general, from the individual trader’s perspective.

Making a Trading Dream a Reality

We’ve already explained the basics of the funded trader program model, and the foundational advantage bears repeating.

You don’t need a large cash reserve to fund your trades. Instead, funded trader programs give qualified traders access to simulated capital. 

For many traders, this is the only realistic option to make major, high-value trades. It’s a path to working with larger account sizes and earning the returns to match.

Effective Tools and Data

Reliable prop firms offer more than only funding by itself. They also provide access to trading platforms, Discord servers, data and charts, and more. The result is more efficient and informed traders, and that benefits everyone. 

The scale of prop firms allows them to share valuable technology and data. These helpful tools would be difficult or expensive for individual traders to access.

Limiting Trader Risk

It’s right there in the name: In funded trader programs, traders use funded accounts provided by the prop firm. It’s an effective way to limit personal risk while still earning profits. The only financial commitment a trader needs to make is the initial purchase of a challenge program.

4 Key Advantages of The Our Forex Capitals Funded Trader Program

Are you looking for the best funded forex trader program? Or the best funded trader program in general? Our Forex Capitals is an industry leader! Our program stands apart because we:

1. Offer the Best Payouts and Profit Split Ratio

When you make successful trades in our program, you get to keep a minimum of 80% of the profit! That 80-20 split is among the very best in the industry for traders. Depending on promotions and other offers, that split can increase in your favor.

You’re putting in the effort each and every day to make successful trades and earn a profit from your work. Shouldn’t you get to keep the majority of the returns?

2. Make the Results and Legitimacy of Our Funded Trader Program Clear

Want to see how Our Forex Capitals works by hearing from real traders who actually participate in our program? We make our reviews, program rules (under the “What Are Our Trading Rules?” tab), and history of payouts clear. And you don’t have to only take our word for it:

Visit Trustpilot to see verified reviews from real funded traders who have partnered with us.

Check out our Discord server to see payout history and comments from active funded traders and ask questions.

3. Don’t Put a Time Limit on Our Challenges

Many prop firms establish a time limit for their challenges — the process used to verify a trader’s skill and results. That leaves traders in a position where they need to act too aggressively to hit their profit target in time.

The last thing we want to do is put you in a position where you feel like you can’t win. Time limits on challenges can encourage very risky behavior — the kind that goes beyond the bounds of acceptable risk.

We don’t believe in adding a time limit to our challenge. If you have the right mindset, system, and risk management strategies, you should have the opportunity to use them fully. In the end, it helps everyone. Our traders stand to benefit from this approach, and so can you.

4. Give You Convenient Options to Try Again

Trading will always have its ups and downs. 

We don’t try to hide it: Some traders hit the drawdown limit on their trading account. A series of bad trades with a funded account can lead to hitting the maximum drawdown.

We recognize that bad trades, and even a series of them in a short time, can happen to good traders. So, we make it easier to get back into the game by:

• Offering a buy-back option. Want to start trading again without going through the challenge process? Pay a modest fee to get your funded account back, no new challenge required.
• Providing an account reset feature. Reset your account by paying back a percentage of your drawdown, instead of going through the entire challenge process again.

Our Forex Capitals gives funded traders the opportunity to prove their talents, make trades with a funded account, and earn at least 80% in profit splits. Are you ready to take the challenge?

Get Funded Today!

The post 4 Benefits of Our Forex Capitals Trader Program appeared first on Our Forex Capitals.

How to Pass a Prop Firm Challenge

1. Control Your Risk Management

It’s easy to get carried away at the moment when you’re making a trade. 

Remember, you don’t want to rush a challenge to make a quick profit. When you start a trade, it’s important to be careful with how much you risk. It’s recommended to only put 1-2% of your account value on the line. This way, you can protect your account value and minimize potential losses.

2. Control Your Emotions

Market shifts and fluctuations can mirror the emotional rollercoaster some experience when making trades. Tensions can run high, and sometimes, you might just have a bad day. This is the point where you take a step back and get your mind off the trade. You can revisit it when you are calm.

There is absolutely no need to try and make back what you may have lost if things don’t go your way. Don’t become a gambler when you’re trading—let things sit for a while and take a break.

3. Stick to What You Know

Learning and growing are just part of being a trader. But, if what you know works for you, then you don’t need to change your strategy. 

You know what people say: if it isn’t broken, don’t fix it. Savvy traders will often share quick “hacks” online, and it’s easy to get carried away by new strategies. Sticking to your strengths and what you do know can be best for you.

You don’t need to reinvent the wheel when it comes to trading. Sometimes, the simplest methods do the trick. There’s no need to get frustrated over complicated trading strategies, especially if what you know works for you. Stick to your trading strategy.

Mistakes to Avoid to Pass a Prop Firm Challenge

You’re only human; you can make mistakes, but these are avoidable if you want to pass a prop firm challenge.

1. Trading During Red News Events

Red news events are bombshell events that can really shake up a market. This will lead to significant changes in prices, and that can only mean one thing—volatility. A volatile market is an unpredictable one, which will usually lead to losses. A stable market is a surefire way to get consistent trades, so trading during red news events can be counterproductive.

2. Making Irrational Decisions

Working well under pressure isn’t easy. It takes time to learn how to control your emotions and be objective. 

Even the most level-headed person can get frustrated and make bad decisions. Step away and cool down before you make a trade that you might reconsider or regret. The only thing worse than making a single bad decision is making a series of bad decisions.

3. Getting Risky

“Go big or go home” isn’t the approach you want to take to pass a prop firm challenge. Remember, your goal is to get a prop firm challenge pass. While sometimes a big risk can bring big rewards, this is not highly probable. Play it safe, and you’ll have an easier time with passing prop firm challenges.

What Trading Strategies Do Prop Firms Use?

There are tons of strategies that you can use to pass a prop firm challenge, but these two are extremely common:

Trade Based on Resistance and Support Levels

Making trades based on resistance and support levels is a simple strategy, and there’s a good reason for that—it works. 

Resistance is the high point for an asset that historically has difficulty exceeding. On the other hand, support is the opposite. This is the point where it has a hard time going below the market.

This strategy is all about simply identifying the resistance and support levels. During resistance, the interest to sell will exceed the buying pressure. For support, buying interest exceeds selling pressure. When you anticipate a support level, that’s when you buy. 

You should sell when an asset reaches resistance.

Using this approach is great, especially if you’re a beginner, because it helps with risk management. This strategy can help you pass your challenge.

Trade Based on a RSI-led Indicator

The RSI, aka Relative Strength Index, is one simple way that helps measure how fast and how much prices are changing. It’s like a speedometer for price movements! It will help you to figure out if a security is being bought or sold too much. This indicator ranges from 0-100 over a period of time.

So, if an RSI is above 70, a security may be overbought. Simply put, it’s a good time for you to sell. Meanwhile, if you see an RSI below 30, then your security might be oversold. It would be a good time to buy. 

An RSI indicator can also be used with other indicators to help you keep track of a security on the market.

Choosing the Right Prop Firm Challenges to Pass

There’s one more thing you need to consider when you want to pass a prop challenge: picking the right firm. That’s why we have no time limits.

Making a successful trade is stressful enough—that’s why we don’t put a time limit on challenges. You could take all the time you need to get things right. Who needs the added pressure of time limits when you want to pass a prop firm challenge? 

That’s one less thing to focus on so you can keep your head in the game. It only takes about one month to pass the 1-Step or 2-Step challenge on average.

Why Choose Us

Our Forex Capitals is built by traders who know the hardships of breaking into the market. You want to use a prop firm that makes trading more convenient for you.

• Buy Back Feature: With just a small fee, you can easily get back into your account if you lose it. The best part? You don’t have to repeat any phases or step challenges. It’s a hassle-free way to regain access and continue progressing towards your goals.
• Account Reset Feature: Account resets are a standout feature with us. You can recoup your losses on a funded account by paying just 50% of the amount you’ve lost.

Take the plunge with one of our challenges to start your trading journey. 

Get Funded today!

The post 3 Tips to Pass Prop Firm Challenges appeared first on Our Forex Capitals.

But what is crypto, exactly? And how does it fit into day trading? 

Keep reading to learn more about crypto, day trading, platforms, and more. We’ll start by exploring crypto and day trading as separate concepts. Then, we’ll look at how they come together in day trading crypto.

What is Crypto?

Crypto is a common term that’s short for “cryptocurrency.” When you see crypto mentioned in the context of trading and investing, it most commonly refers to this digital currency.

Cryptocurrency is digital — it doesn’t have a physical representation that can be stored in a wallet or bank. Instead, it’s managed, protected, and held virtually.

Investopedia explains that digital cryptography systems are a foundational feature of cryptocurrency. These systems ensure crypto users have the funds they say they do. A blockchain serves as a digital record of past transactions. Each record is independently verified by computers that make up the ledger that tracks transactions.

Many cryptocurrencies include a process to generate new tokens or coins over time, called mining. This highly technical workflow verifies crypto transactions and provides new coins as a reward for the effort and computing power used. This additional supply helps to feed demand for a given cryptocurrency.

Crypto has many differences from traditional currencies issued by national governments and their central banks and similar financial institutions. 

Traditional currencies are backed by those governments. Their value may be ensured by the overall strength of a country’s economy, known as fiat currency. Their value may also come from the materials used to make them. A reserve of a valuable commodity for which the currency can be exchanged is also used to back some currencies.

Cryptocurrency gains its value from a different source. There is no government backing or reserve of precious metals that support it. Instead, its value comes from a scarcity of supply and a higher level of demand among its users.

A variety of cryptocurrencies are currently available on crypto markets, also called exchanges. Some people buy crypto to use when making purchases, to hold as a long-term investment. Others trade crypto or crypto pairs for the potential of shorter-term gains. This is sometimes called cryptocurrency day trading.

What is Day Trading?

Stocks and many other, similar tradable assets are generally thought of as long-term investments. Many individuals who invest in the stock market, or in similar assets, aim to realize gains over time. They’re looking at the big picture — they want their assets to gain value across months or years.

However, that’s not the only way to potentially earn money from trading assets on markets. Day trading focuses on the short term. Assets can and do have major changes in value in short time periods. Day traders aim to take advantage of those changes by using a variety of day trading strategies.

Successful day trading requires strategy and analysis. 

From looking at general market trends to in-depth research on companies and their financial positions, analysis is key. A variety of strategies exist to support gains in day trading.

There are numerous day trading strategies, which range from simply buying low and selling high to analyzing patterns in stock trading over time.

It’s often beneficial for day traders to open and close trades in a single day. This process helps them avoid the additional risk of encountering spread hours — where between 10-11 p.m. GMT, spreads widen across all major FX pairs.

However, it’s not a requirement that day traders always and only make trades on the same day. Instead, the overall short-term profit intent is what’s important when defining day traders.

What is Day Trading Crypto?

As is the case with many other assets, some people buy and hold crypto for long-term gains. Others purchase crypto to use in transactions, as an alternative to government-backed currencies. 

Another group day trades cryptocurrency, looking for short-term gains that come from value changes in these assets. They use a wide range of crypto day trading strategies to try to find positive returns.

Day trading crypto vs. stocks is not identical, but there are many similarities. These assets are all traded on markets or exchanges. The short-term profit motive is the same in both cases. And stocks, crypto, and many other assets can both gain and lose significant value within the same day.

Individual cryptocurrencies regularly change in value. As both demand and supply change, it’s possible for day traders to seize on opportunities that leave them with a profit. The asset and exact processes are different from day trading stocks, but the general intent and goal are the same.

Crypto pairs are another popular day trading instrument when it comes to crypto. These crypto pairs are similar in many respects to foreign exchange (forex) pairs. Both involve a base currency and quote currency. The goal of trading pairs, as with any other asset, is to gain value and turn a profit.

Finding the Best Day Trading Crypto Platform

Day trading can be an exciting idea for those with the skills and experience to be successful. However, even experienced traders often lack the capital needed to get started or to trade at a satisfying scale. That’s where prop trading firms and funded trader programs come into play.

Prop firms offer challenges to potential traders. These challenges make traders prove their abilities in a simulated environment — no actual assets are traded on live markets. Traders who pass the challenge then receive a simulated funded account from the prop firm.

At that point, the traders make the actual trades, the prop firm provides the funded account, and both split the profits.

Our Forex Capitals offers all traders the opportunity to prove themselves and get funded. With the best profit split in the industry (at least 80% to traders!), we help traders earn more from their success.

Get Funded Today!

The post What Is Day Trading Crypto? A Beginner’s Guide appeared first on Our Forex Capitals.

In both cases, knowing what a drawdown is and why it’s important in the world of trading can help.

Drawdowns are a part of trading for just about everyone — they can’t be completely avoided. It’s all part of the risk of investing. Some trades will pay off, others will lead to a loss. And not every drawdown is 

At the same time, a large drawdown can be a sign of some serious issues. Those concerns could be related to specific assets or your overall trading strategy. Fortunately, traders can use drawdowns to adjust their performance and better understand risks.

Let’s take a closer look at what a drawdown is in forex, commodities, crypto, and other commonly traded assets. We’ll cover the rules of a drawdown, share a detailed definition, and much more.

Definition of a Drawdown in Trading

In forex, crypto, and other types of trading, a drawdown refers to a decline in the value of a trading account. This decline occurs over a specific period of time. It often involves a series of trades that leaves the account with less value than it had previously.

However, the basic drawdown concept can be applied to both individual assets and overall accounts. The idea is the same for each: Measuring the drop from its peak value to the lowest point, called the trough.

As Investopedia explains, drawdowns can help to track the historical risk of an investment. They can also be used to assess trading performance on an individual level. 

Whether it’s measuring account value or tracking one asset, a drawdown is indicated by three points. Moving forward, assume that drawdowns are being discussed in the context of overall accounts as opposed to individual assets:

• The initial peak in value. This is the highest point that the account reaches before the decline starts. It represents the point where the account had the most value.
• The lowest point, or trough. The trough is the lowest value reached by the account, such as what happens after a losing streak of trades. This low point must be followed by a new peak, equal to or greater than the previous one. Otherwise, it’s possible that an even lower point could be reached before the account recovers.
• The new peak. The new peak is either equal to or greater than the value of the initial peak. Once this point is reached, you can confirm that the lowest point reached between the two peaks was truly the trough. That’s important for accurately measuring a drawdown.

In general, small drawdowns should be expected when trading. Risk can be managed in trading, but it can’t be avoided entirely. Relatively minor drawdowns aren’t a reason to panic.

However, large drawdowns are a sign that something’s gone wrong with a trading strategy. It might indicate a lack of sound risk management tactics or other issues with an approach to trading. Diversifying the assets you trade, among other strategies, may help to reduce drawdowns.

Making emotional trades or going “on tilt” is not the way out of a drawdown. Moving away from the principles used to guide trading can cause problems. Attempting to make all of the money lost in a drawdown back quickly often results in more losses.

Expressing and Understanding Drawdowns

Drawdowns chart the downward performance of a trading account. To make their effects clearer, drawdowns are often written in percentages. That makes it easier to understand their impact, especially when a peak, trough, or both aren’t a simple, round number.

For example, consider a trading account with an initial peak value of $15,000. After a series of losing trades, the account dips to a low value of $11,250. The trader notices the decline, adjusts their strategy, and eventually brings their account back up to a value of $18,850.

Those good at quick calculations will realize the account lost 25% from its initial peak to its trough. Expressing the drawdown as a percentage makes it easier to understand the total value lost from peak to trough. It’s simply a way to add some context, no matter the specific figures involved.

Does a Drawdown Always Indicate an Absolute Loss?

A drawdown in trading is not always a sign of overall loss in account value. It indicates the loss of value over a period of time. That loss may or may not be greater than total gains in the bigger picture.

For example, think of an account that starts at $50,000. It then grows to an account balance of $75,000, thanks to a series of successful trades. Following this peak, bad trades lead to the account dropping to a value of $65,000. Eventually, the trader adjusts their risk management strategy and the account reaches a new peak of $78,000.

This is, by definition, a drawdown. The account declined in value from the peak to the trough, then recovered. However, the account always remained ahead of its starting value.

To be clear, significant drawdowns are without a doubt a sign of negative performance. They indicate loss over a specific period of time. However, drawdowns do not always mean that all gains are wiped out, or an account isn’t profitable overall.

Drawdowns in Funded Trading

In funded trading, a basic concept enables the potential profits for both the prop firm and the individual funded traders. The prop firm gives the trader the funded account, while the traders make the investment decisions.

Understandably, prop firms want to limit losses — it’s their money on the line. That’s why it’s standard for these firms to set maximum drawdowns for funded traders. This limit helps the firms stay stable in the long run and reliably provide payouts to successful traders.

At Our Forex Capitals, we make our drawdown policies clear for each and every challenge, as well as for funded accounts. Learn more on our FAQ page.

Ready to take the challenge and become a funded trader? 

Get Funded Today!

The post What Is Drawdown in Trading? appeared first on Our Forex Capitals.

Do you want a chance to trade without risking all of your own capital? Then a “prop firm” might be for you. Let’s take a closer look at how prop firm trading works and why you should become a prop firm trader. 

What Is a Prop Trading Firm?

Let’s start with the basics – what, exactly, is a prop firm?

Put simply, a prop firm is a type of financial institution. You might also see them referred to as “proprietary trading firms” but they’re the same thing. 

They’re run by experienced traders who use the firm’s capital to trade, buy, and sell assets including:

• Foreign Exchange Trading (Forex)
• Commodities
• Cryptocurrency
• Stocks

Working for a prop firm essentially means you’re using your own skills to trade for the firm. You’ll gain access to a variety of markets and trading tools, and you’re responsible for your own trading.

How Do Prop Trading Firms Work?

Now we’re clear on what a prop trading firm is, let’s consider how they actually work.

• If you’re accepted into a trading firm, you can start trading right away. 
• As a full-time funded trader, you’ll look for profitable opportunities. The goal is to maximize your trading activity and, of course, generate profits. 
• You’ll follow certain risk management guidelines to help maximize your chances.
• The firm covers your losses, so you’re not risking your own capital. 
• You gain access to the firm’s capital and receive a percentage of the profits instead of in exchange for a percentage.

Are you relatively new to trading? Unsure how to access a new market? Don’t worry – prop trading firms also offer mentoring and training to help you succeed. After all, the goal is to work together to make profits!

Think of a prop firm as a valuable partner in your trading journey. It can help you take your trading skills to a new level.

What Is a Prop Firm Account?

Your funded prop firm account is the key to your journey to profitability. You will have access to all the trading tools needed to succeed, allowing you to make the smart financial decisions you need to generate maximum profits.

Although you’re working with a prop firm, this is your account. It’s your profits. And although you share the profits, you’re still in control of your own trading journey.

Who Can Open a Prop Firm Account?

This is where it gets interesting.

Technically, anyone can open a prop firm account (with an exception of certain restricted countries). However, you need to be vetted and accepted by the firm before you can trade for them.

• Every prop firm has its own acceptance criteria. 
• You’ll normally be required to pass some sort of assessment. The aim is to prove that you have the skills and experience to become a successful funded trader.   
• You can verify your identity upon acceptance. Once you complete the thorough process and meet regulatory requirements, you’re good to go. 

At Our Forex Capitals, we believe in making prop firms accessible to everyone with the talent to succeed. Our Challenge Account starts at just $45! 

Can You Make a Living Trading Through Prop Firms?

Sure! Ultimately, you’re responsible for your own success. Prop firms give you the tools and the capital, but it’s on you to find the right opportunities. So, just as you can make a living as a trader, you can make a living through prop firms.

Just remember, all trading carries some risk. You might not be risking your own capital, but prop firm trading isn’t for everyone. Don’t rush your decision to join – instead, consider the pros and cons below. 

Prop Firm Pros and Cons

The Pros

• Access to capital: Prop firms give you access to much greater capital than you may have otherwise. 
• Support and training: Whether you’re relatively new or highly seasoned, everyone needs help. Prop firms provide traders with the 24/7 support and mentoring they need to thrive. You can learn about trading as you go. 
• Risk management: Prop firms take risk management seriously. You’ll learn how to mitigate risks and how to identify opportunities. 
• Tech insights: You’ll have access to various trading platforms and analytics tools. These are tools you might not have if you’re trading alone.

The Cons

• Profit sharing: The profit split does mean that you’re not getting everything you earn. You do need to pay some of the profits to the firm in exchange for capital access, so we can call benefit together.
• Time involved: Being a full-time funded trader is not easy. You need to be sure you have the time, passion, and drive to work with a prop firm.
• Firm rules: Every firm has different trading rules. If you choose the wrong prop firm, then you might feel like your trading strategies are restricted.
• The responsibility: Not every trader feels comfortable working with a firm’s capital. If you prefer working with your own money, prop firms might not be for you.

Joining a Prop Firm

It’s simple to join a prop firm, but here’s what to consider before you do.

• Find one that meets your personality. Make sure you find a prop firm that aligns with your personality so you can properly communicate expectations.
• Do your research. Read about different prop firms before you commit to the application process.
• Ask questions before you sign up. If the rules aren’t clear, get clarification so you know what to expect.
• Think about your goals. Make sure your trading strategies align with the firm’s own objectives.
• Ensure that you fully understand the terms and conditions e.g. how to make withdrawals and trading limits. Follow the trading rules and regulations to pick the firm that’s best for you. Be sure that the terms aren’t too restrictive for your own trading needs.

Make a Profit with Our Forex Capitals

Are you ready to join Our Forex Capitals? We want to hear from you! If you’re a trader looking for a new opportunity, we’re waiting to work with you. Check out our trading rules, learn more about how we work, or contact us if you need help. 

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