Podcast

How Do Brokers and Prop Firms Make Money?

In light of recent events I thought it would be useful to dig into the business models of brokers and prop firms.

You have a £10k account and you need to turn it into £100k from trading in 30 days. How would you do it? The answers might just help your trading.

Here’s a neat trick to help you shift quickly into the right mindset for trading…

There’s always a lag between effort and results. The work we do now won’t show in our performance until 30, 60 or even 90 days later.

All successful traders have one unusual thing in common. They all believe one thing to be true. And that belief guides every trading decision.

In this episode I discuss how I approach tools and trading technology and share my method for cultivating that discretionary traders edge.

In this episode I discuss the damaging habit of talking yourself out of trades. I also share my approach to filtering the best trades.

OODA is a decision making process what allows you to constantly recalibrate to ever changing conditions.

You can do all the prep. Learn all the trading tactics and hacks to make things easier. But at some point, it’s you making the decision.

He’s managed to go from a trader with no discipline and no real strategy… To a consistently profitable funded day trader.