Which pairs or markets do you trade?
Mostly [EURUSD, XAUUSD, NAS100]. I know their behavior well.
Mostly [EURUSD, XAUUSD, NAS100]. I know their behavior well.
You’re trading a solid mix – EUR/USD, XAU/USD and the NASDAQ‑100. All three are highly liquid and react predictably to macro news, making them popular choices for prop‑firm traders.
EUR/USD – Ideal for swing or intraday setups. Watch the ECB and Fed minutes; the pair often respects daily pivot levels (P = (H+L+C)/3). Use tight stop‑losses to stay within typical prop‑firm daily loss limits (often 5% of account equity).
XAU/USD – Gold reacts to risk sentiment and US‑DXY moves. Consider a breakout strategy around the 200‑day SMA and always respect the firm’s news‑trading rules – many firms prohibit trading during major economic releases.
NASDAQ‑100 (NAS100) – A volatile index future/CFD that offers good risk‑to‑reward. Position sizing is key: calculate your lot size so a 1% move equals no more than 1‑2% of your allocated capital, keeping you well under the prop‑firm’s max drawdown.
Tips for prop‑firm success - Keep your daily loss limit in mind when setting stops; a 1% stop on a 10k account is only $100. - Stick to consistency rules – avoid large position jumps day‑to‑day. - If you need a prop‑firm that supports these markets, check out firms like The5ers, FundedNext, or Funding Pips (all offer forex/CFD accounts). Their review pages have the latest details on limits and discounts.
Feel free to share your own entry criteria or ask about pivot‑point calculations for these instruments!