Recent content by danielhoward

We all know trading isn’t easy. Passing evaluations and staying funded takes discipline and solid risk management. One thing that often gets overlooked though is the cost of challenges and the rule structure set by prop firms. Many traders end up paying multiple evaluation fees or dealing with...

The biggest benefit for me was risk analysis. Once I could quantify drawdowns, win rates, and position sizing, a lot of bad ideas stopped looking attractive.

For me it was moving stops. Once I stopped negotiating with losing trades, everything else improved. Took way longer than it should have.

EUR/USD, Because the liquidity and clean price action suit my style.

I think the safest pairs are major pairs like EUR/USD or USD/JPY. They’re liquid, have tighter spreads, and react more cleanly to news, which makes learning price behavior a bit easier.

Live trading allows adjustment when conditions shift, while set and forget enforces discipline and limits emotional decisions. Right now, I lean toward set and forget with clear rules, while keeping light oversight in case the market changes.

I think it’s less about geopolitical uncertainty and more about the predictability of gold price behavior during such periods. The same applies to forex. When geopolitical tensions rise, traders can plan trades based on fundamentals and sentiment. Many also use news-driven strategies, which...

I think everyone struggles when they’re new to something like forex trading. Success depends on how well you prepare and learn while struggling. It’s normal to make mistakes and take losses in the beginning, but what matters is developing the skills that help reduce those mistakes and make you a...

If you ask me, swing traders often have an edge in these challenges because they’re less prone to overtrading and breaking rules. As long as you’re consistent and have a solid plan, passing the challenge is very doable. There are plenty of swing traders who’ve cleared prop firm challenges and...

I think you’ve already checked all the important things. I’d still say give your small account some more time and practice. You can gradually add more funds as you grow, but scaling up all at once requires more planning and risk assessment.

Prop firm challenges without a time limit take away the pressure to finish fast, which makes you less likely to rush and make mistakes. That actually improves your chances of passing the challenge. Another thing I’ve noticed with these challenges is the strict consistency rules, which can be...

I think PAMM accounts are good for those who want to earn passively without trading themselves. But you still need to compare and choose the right managers based on risk exposure and profit expectations. Having a basic understanding of the market is important before investing in PAMM accounts.

I don’t think scalping will ever stop working in the forex context but yeah markets change and we have to change our approach to fit in. Maybe manual scalping ends up being rare as bots and EAs have superiority when it comes to matching the speed of price changes. Still scalping will always be...

You know the whole market hours approach can be tricky because sometimes the sessions don’t really go the way we expect. So it really comes down to your knowledge skills and strategy in the end. Still having a good idea about market hours and session overlaps is bare minimum knowledge to survive...

When I started out I was one of those newbies who trusted indicators a bit too much and thought every trade setup was a best case scenario. I learned the truth the hard way but thankfully didn’t lose much money in the process. So my first aha moment was realizing I was just messing around and...