6Trader Hub has a clear and detailed list of prop firm challenges. It gives you all the necessary information you need to make informed decisions and choose the prop firm that aligns with your trading style and goals. Here’s how to get started. Step 1: Visit the Prop firm challenges page:Navigate to 6Trader Hub’s Prop […]
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6Trader Studio is our new AI-powered tool that allows you to create, customize and backtest bots and scripts without any coding skills. This guide will walk you through the key features of the Studio, including bot creation and backtesting. How to access 6Trader Studio?6Trader Studio is currently only available on our desktop app and demo
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The Forex market, with its daily trading volume exceeding $7.5 trillion, is the largest and most liquid financial market in the world. It offers unparalleled opportunities for traders to profit by exchanging currencies, but success in Forex trading requires more than luck—it demands knowledge, discipline, and a strategic approach. In this article, we’ll explore the
A day trading plan serves as a roadmap, guiding your decisions and actions in the fast-paced world of financial markets. It helps navigate through volatile market conditions, manage risk effectively, and achieve your trading objectives. Let’s delve into the key components of building a trading plan for a day trader. Defining Trading Goals, Objectives and
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Trading styles offer diverse approaches to navigating financial markets, each tailored to different timeframes, risk tolerances, and strategies. This survey note delves into six key trading styles—scalping, day trading, swing trading, position trading, news trading, and algorithmic/quantitative trading—using specific examples to illustrate their application. These examples are grounded in real market events, providing practical insights
What are partial fills?Partial fills happen when a single order is executed in multiple stages. This often happens in markets with limited liquidity or when placing larger orders. As a result, your order may be split into two or more parts, each filled at a slightly different price due to varying market conditions. Why does
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Here’s how to get a more detailed overview of your trading and PnL. We’ve added a wider selection of time intervals in the trading summary. Step 1: Navigate to the Trades panelOn the desktop, navigate to the Trades panel at the bottom of the platform or select the third tab called Trades on mobile. trades
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It’s important to familiarize yourself with some basic trading terms before you begin your trading journey. Understanding the spread, the difference between the bid and ask, is crucial for calculating trading costs. Bid priceThe bid price refers to the highest price the buyers are willing to buy. It’s especially relevant for traders who are looking
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The long and short prediction tool is a feature on 6Trader that helps you visualize the stop loss and take profit of your long and short trades directly into the chart. The long and short prediction tool is a game-changer for visual learners. It graphically displays risk-to-reward ratios on the chart. By doing so, it
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The ruler tool allows us to measure distances, angles and other dimensions on the chart, helping you in technical analyses. In the context of financial trading, the ruler tool can be used to measure the price change between two points in time. This enables traders to calculate potential profits or losses. This is particularly useful
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