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A Beginner's Guide to Trading Crude Oil Futures

Posted by TopstepTrader on November 03, 2019

Oil makes the world go around. This probably is a revelation to no one. Ever since we started pumping black gold out of the ground in the mid-nineteenth century—mankind just can't get enough of the stuff. 

Beyond making cars go and planes fly, oil also makes countries fight each other in hopes of getting more oil. Pretty much everything you consume depends on it. So perhaps it's not surprising that the Crude Oil futures market commands a great deal of attention. What follows, is a brief overview of oil and oil trading for anyone interested in getting a piece of this nearly $2-trillion dollar market. 

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Topics: Trading Plan, Futures, Crude Oil

3 Huge Events Coming Down  Pipe This Week

Posted by TopstepTrader on October 27, 2019

It's time to bring on those sweet, sweet quarterly and monthly acronyms. GDP. FOMC. NFP. They're all coming this week, and that means a good deal of volatility (and risk) will be in play for retail traders. If you want to take advantage, you definitely need to know what to expect. 

How will U.S. GDP inform the Fed announcement released just hours later? How many Reserve Board members will voice dissent to the likely rate cut? Why the hell are equity futures rallying on a bad non-farm payrolls number? 

Read on for an abridged version of the answers you might get from a very heavy economics textbook.

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Topics: Trading Plan, Futures

Funded Trader Simar Explains How to Stop Gambling and Start Trading

Posted by TopstepFX on October 20, 2019

 

Certain aspects of trading are universal. Sure, you need to know the quirks of any product you trade inside-and-out. But the core elements remain the same whether you're trading equities or interest rates, soybeans or baseball cards. It's all about the interaction between supply and demand, and the resulting discovery of price. An individual's skill in reading the price action is what separates the trader from the gambler.

Funded trader Simar from Canada earned his account in our forex evaluation, but futures traders, listen closely, because his journey probably mirrors your own. He admits to starting out as a gambler in the markets before finding success through a combination of hard work, sound strategy, and discipline. 

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

Losing Funded Account the Best Thing that Happened to this Trader

Posted by TopstepTrader on October 06, 2019

Trading can sometimes be a circular journey—you're never too high to fall back to Earth. In fact, some of the best traders ever blew it all and were forced to reinvent themselves to find success. Daerin P. from Illinois experienced his own setback when he lost his first Funded Account with Topstep, but he didn't let that be the end of his story. He worked on discipline and risk management and came back better than ever. You can learn more about his journey by reading below.

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Topics: TopstepTrader Funded Traders, Trading Plan

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

4 Questions With Funded Trader Brad M. from Chicago

Posted by TopstepFX on August 25, 2019

 

 

Brad M. from Chicago has been with Topstep since 2016. We were lucky enough to have him stop by the Topstep Studio and share some of his thoughts on the Trading Combine, markets, and how he became a better trader through objective self-reflection.  

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

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Topics: TopstepTrader Funded Traders, Trading Plan, Futures

How a Funded Trader Takes Out Big Money While Still Building His Account

Posted by TopstepTrader on July 01, 2019

Philipp B. from Austria has been trading with Topstep for nearly three years. Most traders specialize in one or two products, but not Philipp—he's traded everything from Equities and Gold, to Euro FX and Crude Oil. This isn't an approach  we would recommend for everyone, but it certainly seems to work for Philipp, who made a big withdrawal in June, and continues to consistently build his account each month. 

How does Philipp find success across so many products? We examined some of his daily trading reports to find out.

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Topics: TopstepTrader Funded Traders, Trading Plan, Futures, Risk Management

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

Funded Trader for 3 Years: Here's How I Did It

Posted by TopstepTrader on April 18, 2019

 

 

Charles B. from Couer D'Alene, Idaho has traded in a futures Funded Account® for three years. Charles came to Topstep because it offered an easy entry point into the futures trading business — particularly for someone far from a finance hotbed. 

Charles credits his long-term consistency on finding a love for the trading process, not the outcome, and says Topstep has helped him develop become precise in his trades. "You have your analysis that you're applying, but you only want to be getting involved when you have the most bang for your buck. Topstep really helped me figure out in my own process where that actually happened," Charles said.  

Read more or check out the video above for Charles' advice to traders in the Trading Combine®.

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Topics: TopstepTrader Funded Traders, Trading Plan, TopstepTrader

Perseverance in Trading Pays: Lessons from a Funded Trader

Posted by TopstepTrader on April 11, 2019

When it comes to physical fitness, some of us make it to the gym every week and strive to eat healthy meals. For others, however, learning how to reach one’s goals requires a lot of time, training and a workout buddy to stay on track. The same can be said for aspiring traders.

Yose D. from Dominican Republic just earned his second TopstepTrader Funded Account®. His first one, started back in December 2018, was a learning experience where he ultimately lost $1,900 and hit his Trailing Maximum Drawdown. 

But instead of being discouraged, Yose kept at it, adjusted his plan and honed in on his risk management. And even though it cost us the first time, we couldn't be more thrilled to give him more of our capital to trade. This time, he'll be in a $150K account with a little more cushion. We recently caught up with Yose to talk more about his experience earning a TopstepTrader Funded Account and what advice he'd have for other traders in their process. 

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Topics: TopstepTrader Funded Traders, Trading Plan, Risk Management

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