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TopstepFX

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Learn to Profit from Volatile Forex Markets: Mark Meadows Joins the DailyFX Podcast

Posted by TopstepFX on July 15, 2019

Mark Meadows is our forex trading guru here at the Topstep headquarters. Perhaps you have heard some of his sage insights on the  Limit Up! podcast or read his scorching-hot takes in the now-retired MARKet Reaction email. Well, we are proud to announce that Mark is once again expanding his media empire and recently appeared on the immensely popular DailyFX Podcast hosted by Martin Essex.

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Topics: trading strategy, TopstepFX, MARKet Reaction

Want to Improve Your Trading? Don’t Let Losses Bring You Down

Posted by TopstepFX on July 05, 2019

Does losing money sting at first? Of course it does. But for aspiring traders, it’s necessary to become successful. That’s the lesson that San Diego-based trader Rod R. learned after joining TopstepFX.

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Topics: TopstepFX Funded Traders, Emotions

Tips From a Funded Forex Trader: Hit Your 'A' & 'B' Setups

Posted by TopstepFX on June 04, 2019

 

 

James G. from Aiken, South Carolina started trading with TopstepFX in September of 2018. Since then, he's earned funding with live capital and taken his trading to the next level by tightening his risk parameters, sticking to the best setups, and setting manageable profit targets for each month instead of moonshot year-end goals.

Read more below or check out the video above to get more tips from James and to learn about his experience with the TopstepFX Trading Combine®.

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Topics: Trading Plan, Trading Setups, TopstepFX Funded Traders, TopstepFX

Euro Holds Support in May, Set Up for a Big Move in June

Posted by TopstepFX on June 04, 2019

The Euro is seeing strength and making a run past 1.12 against the Dollar to start the new trading month. The uptick comes after seesaw action during the month of May and as focus turns to the next European Central Bank meeting on Thursday. A big move is expected, and traders will be watching for a break of the recent downtrend for signs that a reversal is underway.

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Topics: Euro, EUR/USD, TopstepFX, European Central Bank

3 Ways Our Funded Traders Profited from Brexit Chaos

Posted by TopstepFX on May 29, 2019

To say that last week was a busy session for forex would certainly be an understatement.  The "will they, won't they" saga of Brexit continues to go nowhere—and consequently, the Pound Sterling has been getting absolutely hammered since the beginning of May. Oh, and did we mention that British Prime Minister Theresa May announced her impending resignation on Friday? 

Currency markets are extremely volatile right now, which means there are some great entry points for traders who know how to manage their risk. With this in mind, we'd like to give a quick shout out to three of our Funded Traders who stayed smart and made some great trades last week off the Brexit madness. 

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Topics: Success Stories, Trading Basics, Forex, TopstepFX Funded Traders

Pound Looks for June Rebound after a Rough Month of May

Posted by TopstepFX on May 28, 2019

The British Pound is set to finish the month of May sharply lower after several weeks of losses versus other major currencies. Against the buck, Sterling is off 3% and near the lows of the year. There might be little relief in sight, given the uncertainty ahead of an October Brexit deadline and after the abrupt resignation last week of UK Prime Minister Theresa May.

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Topics: GBP/USD, British Pound

From Huge Drawdown to Big Withdrawals: a Funded Trader Shares His Secrets

Posted by TopstepFX on April 09, 2019

 


Four days into his Funded Account®, Nick S. in Texas found himself 51% to his total Account Loss Limit. That's right, his $5,000 balance fell to a closing low of $3,307 — putting him just $1,600 from losing his account. But instead of spiraling deeper and deeper and taking larger risks, Nick says that he was hit with the realization: "This is real money." 

Indeed it was, and Nick finally got back to the strategy that helped him pass the Trading Combine® and earn live trading capital in the first place. That led him on a path to $6,700 in withdrawals over the next two months. 

Here's how Nick did it. 

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Topics: Trading Combine, Forex, TopstepFX Funded Traders, Currency Pages, trading strategy, TopstepFX

EUR/USD: Will the ECB Meeting be the Impetus for the Next Move Lower?

Posted by TopstepFX on April 08, 2019

Euro bulls have had little to cheer about lately. After losing 4.5% to the Dollar in 2018, the currency is again facing losses in the early parts of 2019. In fact, the 2% drop in the first quarter was its worst in four years. EUR/USD is now facing an important test heading into the next European Central Bank meeting this Wednesday, April 10. 

Will this be the impetus leading EUR/USD on it's next leg lower?

 

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Topics: Euro, EUR/USD, Currency Pages, TopstepFX, European Central Bank

Funded TopstepFX Trader Offers the Key to Getting Through Step 2 and Trading Smarter

Posted by TopstepFX on January 15, 2019

Here at Topstep, we’re incredibly proud of our funded traders. They worked hard to make it through Step 2 of our process, proved they had the chops to make it trading actual money, and spend their days carefully weighing opportunity and risk.

One such trader is Kevin M. out of Perth, Australia. He joined TopstepFX to hone his trading strategy and improve his trading discipline. In reflecting on his work to date, he mentions that Step 2 really helped him with money management.

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Topics: Trading Combine, Forex, TopstepFX Funded Traders, Currency Pages, trading strategy, TopstepFX

Funded Forex Trader: One Week In, $5,160 in Steady Profits

Posted by TopstepFX on December 09, 2018

What can you do a week into your TopstepFX Funded Account®? If you’re Shawn B. in North Carolina, you can make $5,160 in profits and put your trading account in a really nice spot heading into the closing weeks of 2018.

Shawn was in tune with the forex market all week, making $2,050 in EUR/USD and USD/JPY positions on his first day trading live capital. Shawn showed a lot of awareness of market conditions. He was not afraid to take a loss and reverse the position. He also wasn’t afraid to press a trade that was going well. In essence, he executed his momentum trading strategy to perfection.

On his second day in his account, Shawn lost $311 before gaining $1,639 and $1,782 on consecutive days on December 6 and 7 — all for $5,160 in realized profits. 

But even with his current performance, Shawn said he still does not consider himself a consistently profitable trader. Yet. Instead, he is constantly working on his trading.

Here’s advice he shared about what's going well in his trading and what he would tell other traders looking to improve and earn a Funded Account.

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Topics: Forex, TopstepFX Funded Traders, Currency Pages

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