<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=174932623114557&amp;ev=PageView&amp;noscript=1">

Trade Forex with Our Capital

Posted by Michael Patak on August 15, 2018

You asked. We listened. Over the past eight years at TopstepTrader, so many traders have asked us to take the risk out of trading forex like we've done for futures. 

And for good reason. Studies out of a French regulator show that retail forex traders lost on average €10,900 between 2009 and 2012. That's more than $12,000. Or ¥1.4 million. 

So over the past eight months, we've been quietly testing our Forex Trading Combine®, securing user feedback and funding traders. Traders like Nikhil in Illinois, who made more than $4,000 in forex profits trading with TopstepFX. And Fez in England who withdrew more than £2,000 — and in the process became the first trader funded by both TopstepTrader and TopstepFX. (BTW, his futures trading is going well ... he made $1,147 in profits on Monday!)

Here are highlights of the Forex Trading Combine, but check it out for yourself

Read More

Topics: Trading Lessons, Forex, Currency Pages

Dr. Brett Steenbarger: These 4 Traits Will Make Traders Successful

Posted by TopstepTrader on August 10, 2018

If you have a passion for trading, Dr. Brett Steenbarger has some choice words for you: you're not going to make it. Instead, traders need to be passionate about markets. It may sound like a minor distinction, but it's not. In decades of working with billionaire hedge fund managers and traders, he's found that traders that are passionate about trading don't put in the work and trade too much. 

To be successful trading, Dr. Steenbarger has learned:

Read More

Topics: Trading Basics, Limit Up!, Forex, Futures, Brett Steenbarger

Interview with Trading Legend Larry Benedict: How I Built 20 Years of Consistent Profits

Posted by TopstepTrader on August 07, 2018

If you saw Larry Benedict's trading early in his career, you wouldn't expect him to be successful. He couldn't stop losing money. In Hedge Fund Market Wizards, Jack Schwager titled his chapter "Beyond Three Strikes."

But there's a reason that Schwager put Benedict in Chapter 3, right after Ray Dalio — who runs Bridgewater Associates, the largest hedge fund in the world. It's because Benedict has a track record that rivals them all: 20 years of gains. Perhaps more impressive, during the run from 2004 to 2012, his fund returned 11.5% per year net of fees with just a 5% maximum drawdown. (Don't forget what happened in 2008 and 2009 to markets!) 

Topstep's Eddie Horn caught up with Larry in this episode of Limit Up! to talk about his trading, how he's become so successful, what he's learned along the way, and why he launched The Opportunistic Trader as a way to bring hedge fund-like knowledge to retail futures traders. 

Read More

Topics: Trading Basics, Market Wizards, Limit Up!, Futures, Larry Benedict, Jack Schwager

Myth Busting: No, You Won't Trade Better With Live Capital

Posted by TopstepTrader on August 07, 2018

Whether it actually takes 10,000 to learn a skill is up for debate, but the old adage: “practice makes perfect” remains true, especially for new futures traders. But for some traders tempted by the prospect of making a profit, jumping right into the trading without practicing first makes more sense. How can you really figure things out without having some skin in the game, right? Wrong.

That's why Senior Performance Coach John Hoagland even goes so far as to say that simulated trading is the key to trading success. Hoag should know. He has more than 30 years of experience in the futures industry, working his way up from being a runner to a broker at the Chicago Mercantile Exchange and Board of Trade. At TopstepTrader, Hoag works with many traders (new and experienced alike), some of whom mistakenly believe that they’ll do better once they trade with real cash. 

Here’s why they're wrong.

Read More

Topics: Trading Basics, Forex, Futures, Linda Bradford Raschke, Profit Trading, Lydia Finkley, Simulated Trading, Currency Pages

4 Secrets to Trading Wealth From a Trader with an 18-Year Winning Streak

Posted by TopstepTrader on August 06, 2018

Imagine that you could have an 18-year winning streak. What would that look like? How would you do it? If you are like Victor Sperandeo, you would focus on avoiding losses rather than making huge gains.

Sperandeo is one of those traders that got their starts playing poker (similar to Blair Hull). Sperandeo knew the odds of each hand and he would fold if he felt the odds were not in his favor and press if he felt they were.

Sperandeo found the way to wealth is “to preserve capital and wait patiently for the right opportunity to make extraordinary gains.” He does this by examining a trade to know what loss he could sustain, being consistent in balancing risk relative to profits, and seeking out superior returns after he has had periods of high profitability.

Read More

Topics: Trading Basics, Trading Lessons, Market Wizards, Forex, Futures, Victor Sperandeo

The 3 Largest Risks to the U.S. Dollar Rally

Posted by TopstepFX on July 25, 2018

“The EU is in an existential crisis. Everything that could go wrong has gone wrong.” - George Soros, May 29, 2018

Populism and anti-EU sentiment. Trade wars. Brexit looming. The global fundamentals underlying every major currency pair is on shifting sand — all the while interest rates are normalizing.

But in this environment, the U.S. Dollar caught a bid. Since highs above 1.25, the pair shed 6%, briefly breaking below a long-term trend line that supported price during the 2017 rally (red line). Right now, the pair is consolidating between the August/September 2017 high near 1.21 and the October low, at 1.1550 (black lines).

While I tend to believe the EUR/USD bounce appears temporary, with expectations that the market will head down towards 1.13, I think it’s always important to look at the opposite case.

For the U.S. Dollar bulls out there, here are the three biggest risks to continued Dollar strength.

Read More

Topics: Trading Basics, Forex, EUR/USD, Currency Pages

Funded Trader: $2,300 in Profits Riding Nasdaq to New Highs

Posted by TopstepTrader on July 24, 2018

We say it often — trading is all about your risk-to-reward ratio. In this trade, Brad M. from Chicago nailed going long Nasdaq ($NQ) futures and riding one contract for more than 100 points and $2,296.04 in profits. That's something worth celebrating, right Brad? 

Coach Dan breaks down Brad's trade, placed on July 17, in this week's episode of The Trade.  Coach Dan goes over what Brad saw, how he executed his trading bias and what price level he targeted and where he might have gotten out of the trade if it went sideways. 

By looking at what Brad saw at the time, Dan outlines what happened in the market and what you can learn and take into your trading. 

Read More

Topics: Performance Coaching, Trading Basics, Futures, Trading Setups, The Trade, Nasdaq

Why Do Successful Traders Have Early Failures?

Posted by TopstepTrader on July 16, 2018

What do futures traders Larry Benedict, Linda Bradford Raschke, and Marty Schwartz have in common? Each of them suffered losses that would have sent most traders packing, but ended up being some of the most successful traders in recent memory.

When it comes to the markets, it seems the road to success with paved with big mistakes — especially at the start. Here are a few of our guesses as to why.

Read More

Topics: Trading Basics, Trading Lessons, Market Wizards, Futures, Linda Bradford Raschke, Larry Benedict

What is the Next Opportunity in the Crude Oil Market?

Posted by TopstepTrader on July 12, 2018

After yesterday, Crude Oil futures are seeing red. The commodity fell 5% after inventory numbers. 

But a move of that size could have been expected. There is just so much going on: supply concerns coming out of Venezuela and Canada; political pressures from President Trump's Twitter account; extreme backwardation in the Crude Oil curve where front-month prices are more expensive than future prices; and, before yesterday, a $10 rally in the past month. 

In this special episode of Limit Up!, futures trader Tracy Shuchart talks with host Eddie Horn about what's going on and what she is looking at to drive moves in the coming trading sessions. 

Read More

Topics: Trading Basics, Limit Up!, Tracy Shuchart, Futures, Crude Oil

Funded Forex Trader's Secret to Profits: Master 1-2 Major Pairs

Posted by TopstepFX on July 10, 2018

It's safe to say that Fez M. from Northampton, England's trading is going really well right now. He just became the first trader funded by TopstepFX in forex and TopstepTrader in futures after passing the TopstepTrader Trading Combine® yesterday. Plus, in a month of trading  a live TopstepFX Funded Account™, Fez has racked up profits, even making $2,700 in withdrawals. 

We recently sat down with Fez, a former techno DJ, to talk about his journey trading, what got him into markets and what advice he would have for others. Here’s what he said.

Read More

Topics: Trading Lessons, Forex, TopstepFX Funded Traders, Currency Pages

Follow Us:

Subscribe to Email Updates

Recent Posts

Popular

Posts by Topic

see all