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The 5 Most Insightful Quotes from Topstep Funded Traders

Posted by TopstepTrader on September 11, 2019

At Topstep, we've funded more than 3,000 traders over the past 7 years. That's a whole lot of live capital we've given to a whole bunch of amazing people.

It's also more than 3,000 stories. Not to get all sentimental, but one of the best parts of this job is getting to sit down with our traders and learn what they're thinking. 

Here are some of the most insightful things they have told us:

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Topics: Trading Plan, TopstepFX Funded Traders, TopstepFX

Pound Surge Nets Two $4,000+ FX Trades in One Day

Posted by TopstepFX on August 28, 2019

The British Pound took off last Thursday after French President Emmanuel Macron said that the terms of Britain's proposed exit from the European Union could be amended. This was great news for the ailing British currency, and also for two of our funded forex traders, Johnny P. from Canada and Gnasso T. from Italy, who each racked up more than $4,000 that day riding the Pound higher.

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Topics: British Pound, TopstepFX Funded Traders, Currency Pages, TopstepFX

Could a 'Hawkish Cut' Lead to the Next Major $USD Rally?

Posted by Mark Meadows, TopstepFX on July 29, 2019

In November 2017, the Bank of England hiked interest rates for the first time in 10 years. The market dubbed that a “dovish hike,” encapsulating the idea that though the BoE hiked interest rates, it provided forward guidance that made it very clear it would not be hiking in the near-term future. Then, Brexit uncertainties grew and the BoE has not hiked interest rates since.

Right now, the market is high on euphoria around the Federal Reserve lowering interest rates. But what happens when it’s a hawkish cut? The Dollar gets sent on its next leg higher, that’s what.

Our base case: the Fed rate cut will be the impetus for the Dollar to strengthen—maybe not immediately, but in the days and weeks after.

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Topics: US Dollar, EUR/USD, Currency Pages, trading strategy, TopstepFX

Take a Look at the Up and Down Dollar Action Ahead of a Fed Rate Cut

Posted by TopstepTrader on July 22, 2019

The dollar is experiencing notable ups and downs amid changing interest rate expectations lately. The volatility comes ahead of the Federal Reserve’s next rate announcement, which happens just a few hours before markets close on the last trading day of the month. Also making things interesting, a bunch of key economic reports are due in the days just before and after the anticipated rate cut.

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Topics: US Dollar, Currency Pages, trading strategy, TopstepFX

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: Currency Pages, trading strategy, TopstepFX, MARKet Reaction

Look Out Below: Can Sterling Hold Support?

Posted by TopstepTrader on July 10, 2019

The bearish funk continues for Sterling. The British currency is falling to two-year lows amid weak economic data and a looming Brexit deadline. Political disputes with the United States and China haven't helped matters. The Pound is now testing important levels against both the Dollar and Euro. But where do we go from here?

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Topics: GBP/USD, British Pound, trading strategy, TopstepFX

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

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

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