Friday, December 13

1. FTMO & Next Year's Scaling Plan in Their Prime Plan

FTMO is set to enhance its offerings with an updated Prime Plan for next year, here's how you can qualify:

Active Account Requirement: Your FTMO Account must be active and not of the aggressive type.

Clean Record: No failed FTMO Accounts in the last four months.

Profitability: Achieve at least four rewards on a single order, with each reward showing a minimum profitability of 4% before the profit split.

Why This Matters: This plan not only rewards consistent performance but also encourages traders to maintain discipline and strategic trading, offering more opportunities for growth and higher profit splits.

2. Costco's Q1 2025 Earnings

Costco reported its Q1 2025 earnings, providing insights into its financial health:

Earnings Overview: The specifics of revenue, profit, and membership growth are crucial for investors looking at consumer behavior trends in retail.

Market Reaction: Earnings reports like Costco's can significantly influence stock prices, offering opportunities for traders to react based on the outcomes.

Why This Matters: Understanding Costco's performance gives traders and investors a gauge of consumer confidence and spending patterns, potentially affecting broader market sectors.

3. Beware of Hidden Rules in Prop Firms

Navigating the prop trading landscape requires caution:

Hidden Clauses: Some firms have obscure rules concerning trailing drawdown or other conditions that could prevent payouts, even if you're profitable.

Stick to Established Names: Large, long-standing firms tend to have more transparent policies and are less likely to employ such tactics to withhold profits.

Why This Matters: Choosing the right prop firm can mean the difference between a smooth trading journey and one filled with unexpected hurdles. Transparency and reliability should be your priority.

4. UK Economy Shrinks by 0.1% in October 2024

The UK's GDP contraction signals economic challenges:

Economic Indicators: This shrinkage might reflect broader economic issues, influencing currency value, interest rates, and investor sentiment.

Implications for Trading: Such data can impact GBP pairs, offering strategic entry or exit points for forex traders.

Why This Matters: Economic indicators like GDP are crucial for forex trading, as they directly correlate with currency strength and market trends.

5. Trend Following with Moving Averages in Trading

Our approach to trading emphasizes trend following for long-term success:

Key Moving Averages: We utilize the 200-day and 50-day EMAs to discern the overarching market trend, adjusting our strategies accordingly.

Lower Timeframe Strategy: By aligning with these trends on higher timeframes, we can make more informed decisions on lower timeframes, enhancing our trade success rate.

Why This Matters: Following the trend reduces the risk of fighting the market, aligning your trades with the market's momentum for potentially higher rewards.

6. The Importance of Mindset in Trading

Trading is as much about psychology as it is about strategy:

Mindset Over Mechanics: Without the right mindset, including patience and discipline, even the best strategies can fail.

Trading Style: Swing and position trading allow for less stress, keeping you onside with market movements and through volatile events like news releases.

Why This Matters: A strong, patient mindset enables you to ride out market fluctuations with confidence, focusing on long-term gains rather than short-term noise.

7. Exclusive 20% Off with Sway Funded

We're excited to announce our partnership with Sway Funded:

Exclusive Discount: Use our special voucher to get 20% off with code (RBT), making prop trading more accessible and potentially more profitable for you.

Why This Matters: This collaboration not only offers financial benefits but also aligns you with a firm known for its integrity and support, enhancing your trading journey.

Closing Thoughts:

From understanding the nuances of prop firm qualifications to reacting to global economic indicators, from employing technical analysis for trend following to nurturing the right trading mindset, the insights shared today are designed to equip you for success in the dynamic world of trading. Remember, in trading, your strategy is only as good as your execution and mindset.

RB team.