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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: Currency Pages, trading strategy, TopstepFX, MARKet Reaction

Earnings Take Spotlight with S&P 500 in Rally Mode

Posted by TopstepTrader on July 15, 2019

Here come earnings. Several large companies report over the next few days and then the floodgate on second quarter results opens wide next week. The S&P has been in rally mode heading into the reporting season and now the question is: Can corporate America deliver numbers that justify the lofty increase in share prices?

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Topics: Equities, E-Mini S&P, trading strategy

S&P 500 Hits 3000: The Good, the Bad and the Ugly

Posted by TopstepTrader on July 13, 2019

We finally went ahead and did the damn thing! The S&P 500 broke through the 3,000 level for the first time ever this past Wednesday following some favorable talk on rate cuts from Federal Reserve Chairman Jerome Powell. But before we pop the Cristal, crank the tunes, and slaughter the fatted calf, it might be wise to take a step back and think about what all of this exactly means.  

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Topics: Equities, E-Mini S&P, trading strategy

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

Keep Learning: 5 Ways to Stop Gifting Money to the Markets, Part 5

Posted by TopstepTrader on June 13, 2019

Rock star traders are made, not born. Nobody emerged from their mother’s womb and three years later started generating massive profits in the futures or forex market. It takes time – trading is a difficult pursuit and the learning curve can be steep. One might argue that, because markets are always changing, continued success requires lifelong learning.

(Note: this is the fifth in a five-part series. If you missed them, check out Part 1, Part 2, Part 3 and Part 4.)

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Topics: Trading Basics, trading strategy, Stop Gifting Money

Avoid Over-trading: 5 Ways to Stop Gifting Money to the Markets (Part 4)

Posted by TopstepTrader on May 24, 2019

Technology has changed many aspects of our lives; one area that has seen massive improvement is the world of investing and trading. There’s never been a better time for the individual investor to participate in financial markets. 

But it’s not all good news. The ability to trade nearly 24/7 and at speeds never seen before has a couple of disadvantages as well. Let’s discuss them here in Part 4 of our series on Not Gifting Money to the Markets. 

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Topics: Risk Management, trading strategy, Emotions, Stop Gifting Money

Stop Orders and Profit Targets: 5 Ways to Stop Gifting Money to the Markets (Part 3)

Posted by TopstepTrader on May 21, 2019

The greater the risk, the greater the reward – so the theory goes. Investments that involve little risk typically offer small rewards. And high-risk trades can yield windfall profits.

In trading, risks and rewards define each position. The ratio can be tweaked using tools like stop-losses and profit targets. That’s what Part 3 of our series on Not Gifting Money to the Markets is all about.

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Topics: Risk Management, trading strategy, Stop Gifting Money

Ride the Trend: 5 Ways to Stop Gifting Money to the Markets (Part 2)

Posted by TopstepTrader on May 16, 2019

Studies show that we, as human beings, feel the sting from losses to a greater degree than the sense of gratification from winning. That means we would rather not lose than actually win. For that reason, traders sometimes make the mistake of cutting winners too soon and letting losers run. It’s a form of self-sabotage that has ruined more than one trading account.

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Topics: Trading Psychology, Crude Oil, trading strategy, Stop Gifting Money

5 Ways to Stop Gifting Money to the Markets, Part 1: Learn to Break Even

Posted by TopstepTrader on May 07, 2019

Consistently lose money as a trader? Game over.

After all, the goal in trading is to generate profits. Like any business, it’s impossible to thrive when your account doesn’t yield positive results from one month to the next. While there are no magic formulas or rules to follow that can guarantee success, there are actionable steps that all traders can take to avoid common pitfalls.

In this five-part series, we’ll explore some of them.

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Topics: trading strategy, Stop Gifting Money

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

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