Prop Trading Strategies

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The best prop trading strategies include trading the news, trend following and strategic trading intervals. Start prop trading with Apex Trader Funding!

Proprietary trading, commonly known as “prop trading,” is a form of trading where financial institutions and banks trade on their own account rather than on behalf of clients. Proprietary trading strategies are employed by these institutions to generate profits through speculative trades using their own capital. These strategies are designed to take advantage of short-term market inefficiencies and price discrepancies to maximize profits.

Prop trading strategies require expertise, quick decision-making, and risk management skills, making prop trading an exciting and challenging sector within the finance industry.

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The Best Prop Trading Strategies

The prop trading market has exploded with the rise of new technology, which makes it a readily available endeavor for many people. Because it’s such a competitive field with a person’s compensation directly related to their performance, care must be taken to ensure trading is done in the most effective way.

The most successful prop traders employ one, some or all of the following major proprietary trading strategies to earn a profit after getting funded. These strategies take time to master, and even when run perfectly, will not guarantee a positive return. However, these common strategies can help you explore the prop trading sphere.

Let’s dive in and discuss a few of the top prop trading strategies used today.

1. News Trading

Evidenced by the worldwide upheaval of the economy due to COVID-19, it’s easy to see that newsworthy events can shake up the stock market. While many news events aren’t this impactful, some trading strategies examine newsworthy events to inform the decision about when to buy or sell related assets.

Most traders follow financial news or use native news feeds like Benzinga Pro to speculate on which direction a company’s stock might take in the short term. Public companies are required to release quarterly earnings reports, and these reports can often cause large fluctuations in the company’s stock based on if they exceed or fall short of projections.

On a more macro level, changes in monetary policy made by the Fed or interest rate adjustments can signal it’s time to buy or sell certain stocks. Data on the economy as a whole is also news that can dictate trading activity, such as unemployment rates, changes in the consumer price index, GDP data and more overall market data. A trader must carefully analyze all this information before making any trade decisions.

2. Trend Following

Considered the most intuitive prop trading strategy, trend following involves examining the historical performance of a stock, industry or index as a whole and then using established trends to make trade decisions on buying and selling in the current environment.

Using trend following as a strategy involves setting benchmarks for entry and exit points in a stock trade. These points are usually based on a percentage growth or decline in the stock price, which has historically signaled that the stock will rise or fall over the upcoming trading sessions. When buying based on trend following, you’ll see a significant change as a flag to buy, with another predetermined change threshold to sell.

Traders who use trend following often tailor their strategy to meet their own benchmarks and can use the help of technology to identify trends and know when to buy or sell. Note that this strategy is often more volatile, so you may need to set more conservative benchmarks to stay within the rules of your proprietary trading firm.

3. Strategic Trading Intervals

Some of the most popular prop trading strategies revolve around the amount of time the trader intends to hold the stock. From holding stocks for just minutes to keeping the same trade for weeks or months, here are a few different intervals and a little background on why a trader might use each.

  • Scalping: Scalping is done on a minute-to-minute basis, with no trades being held overnight. A trader using the scalping strategy is constantly evaluating a stock’s performance and has positions set within a stock to buy and sell it, sometimes numerous times throughout the same day, with the goal of capitalizing on the real-time fluctuations in the market.
  • Day Trading: Day traders hold assets for a longer period of time than scalpers, with the goal of selling the stock before the end of each trading day. This means that day traders might sell a stock after only a few minutes or multiple hours. Day traders, like scalpers, must have ideal timing on their trades in order to be profitable.
  • Swing Trading: Swing traders hold stocks longer still, for a period of several days to weeks, with the goal of riding a wave of positive activity and then exiting when the positive trend ends. Swing traders ideally will exit a stock as it heads down and then jump back in over and over to maximize their profits.
  • Position Trading: The longest-held stocks purchased by a prop trader, position trades can be held for months or even years. While there is generally less profit to be made in position trading, traders who use this strategy are betting on a positive trendline over time to generate a return. While this strategy is more conservative, there is less risk of overall loss from the longer timeline.

Benefits of Employing Prop Trading Strategies

Whether they are using advanced historical data, mining news articles for stock-impacting tidbits or constantly monitoring real-time market fluctuations, successful prop traders have some kind of strategy in place.

Even though you’re using someone else’s money in proprietary trading, it’s still important to be careful. Most of the time there is a high barrier to entry to become a prop trader — and if you aren’t profitable, you will soon be out of a job. The following are some of the benefits that come with outlining your strategy and putting one of the trading strategies above into place.

  • Data-driven Approach: Using a well-defined strategy when trading, even when trading the news, allows a trader to reduce the use of emotion in making trading decisions. If you have no strategy in place, you’re more likely to make a decision on impulse or emotion, which is not a recipe for long-term success.
  • Credibility: You can follow several paths to become a prop trader, but most involve a trial period or a personal interview. If you have to go through an interview process, having a strategy you can clearly define helps you establish credibility as an experienced trader.
  • Track Record: There is a reason these strategies are well-documented and used by successful traders. Using a defined trading strategy that has a track record of success is more likely to improve your chances of making profitable trades.

Drawbacks of Prop Trading

When considering a career as a prop trader, it’s important to consider the benefits and drawbacks. Even if you have a track record of success and great strategies in place, prop trading carries risks related to the fact that you’re trading with someone else’s funds under contract.

  • Lack of Regulation: Proprietary trading firms that aren’t also operating as broker-dealers may not be regulated or overseen by the U.S. Securities and Exchange Commission (SEC). Taking the lion’s share of profits, bogus initial fees and failure to pay out or theft of funds are all risks in this industry, so it’s crucial to research the firm and ensure it has a positive reputation before getting involved.
  • Barriers to Entry: To begin prop trading, you might need to pay a deposit and keep current with high monthly fees. If you’re a successful trader this typically isn’t an issue because you can cover these expenses easily. However, if you’re just starting out, you could quickly find yourself losing money or out of a job.
  • Lack of Freedom: Most firms will limit the type, duration or amount of transactions you can make, which keeps some traders from maximizing their profitability.

Compare Prop Trading Firms

Choosing a reliable and reputable prop trading firm is essential. Benzinga offers insights and reviews on the following proprietary trading firms. You may want to consider continuing your search for the right prop trading firm with a few of the links below. 

Apex Trader Funding
Code: BENZINGA securely through Apex Trader Funding’s website
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Best For
Futures Traders
N/A
1 Minute Review

Suppose you’re a beginning trader with limited capital, trading tools, access to market information and educational materials or an experienced trader who wants to greatly reduce their market exposure with their own money and increase their ROI. In those cases, you may want to consider joining a proprietary (prop) trading firm. These firms can provide you with the resources and support you need to increase your trading knowledge and resources; However, while many prop firms are available, only a few excel in offering valuable opportunities to traders.

Apex Trader Funding stands out for its simplicity, flexibility and lucrative profit split — you get 100% of your first $25,000 profit per account and 90% after that. Moreover, you can receive two monthly payouts; there’s no total cap on the maximum payout. The platform’s streamlined one-step evaluation process offers real-time data for up to 20 simultaneous accounts, making risk management straightforward and hassle-free. You can trade mini or micro futures contracts from day one with no scaling restriction or daily drawdowns in the evaluation and funded accounts..

You can maintain your day-to-day trading strategy, even during news cycles. And you can trade on holidays. While the company’s commitment to providing traders with a dependable platform and supportive environment to excel in their trading career is without doubt, it’s strictly for futures trading recurring monthly fees might make it unappealing to some traders. Here’s a constructive breakdown of the Apex Trader Funding Program; the pros, cons, core product offerings and how it compares with other prop firms.

Best For
  • Beginner future traders looking to gain experience, knowledge and access to trading resources
  • Experienced traders seeking access to capital or funding to explore the future market and maximize profitability
  • Active day traders seeking flexibility regarding trading strategies and the ability to spread risk across multiple accounts
  • Futures day traders seeking prop firms with simplified risk management strategies and minimal trading complications
  • Prop traders seeking consistent income streams and value prop firms with regular payouts
Pros
  • Streamlined one-step evaluation
  • Excellent profit split or payout
  • Two payouts per month
  • No total cap on the maximum payout
  • Relaxed trading rules
  • Solid reputation across the board
  • Allows holiday trading
  • No daily drawdown and scaling restrictions
  • Simplified risk management strategies
  • Available in over 100 countries
  • No daily profit targets
  • Trade on your schedule – no consecutive trading day rules
Cons
  • Only supports future tradings
  • Recurring monthly fees
  • Doesn’t support cross session trading
  • Limited trading technology or tools
FXIFY
Get started securely through FXIFY’s website
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Account Minimum
N/A
Pairs Offered
N/A
1 Minute Review

FXIFY is a proprietary trading firm offering qualified traders and investors up to $400,000 in proprietary funds after passing a series of trading assessments.  Traders can then scale their account up to $4 million with profit sharing splits as high as 90%.   FXIFY offers two assessment program options to get funded, including a One-Phase and Two-Phase series.  Each assessment has its own unique terms and conditions which gives traders more flexibility based on their trading needs.  FXIFY prop accounts are available on MT4 and MT5, the most popular trading platforms in the market, via their exclusive partnership with FXPIG, a multi-asset retail brokerage established in 2010.  

Traders using FXIFY can take advantage of commission free trading across a wide selection of products including Forex, Stock Indices, Precious Metals including Gold and Silver, and more.  Traders also can take advantage of tight spreads, including no trading restrictions, with customizable leverage.  FXIFY also allows traders using automated strategies and Expert Advisors (EAs) to trade at their prop firm, as long as they are unique strategies developed by the client.  

Best For
  • Experienced traders looking for prop funding access with an established broker
  • Traders using Expert Advisors (EAs) and automated strategies
  • Traders who trade using MT4 or MT5
  • Traders who prefer no commission trading
Pros
  • Instant payouts on demand
  • No consistency rules or trading restrictions
  • Unlimited trading days
  • Expert Advisors (EAs) allowed
  • Up to 90% profit share
  • Backed by FXPIG, a multi-asset broker established in 2010.
  • 125% refund of assessment fee upon requesting first payout
Cons
  • Minimum assessment fee of $175, which might be high for newer traders
Trade The Pool
get started securely through Trade The Pool’s website
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Best For
Stock Traders
N/A
1 Minute Review

Most retail traders fail to become profitable for three reasons suffering a lack of capital, risking their own money and trading without risk-prevention mechanisms

That’s why stock traders prefer Trade The Pool.

TTP was founded in 2022 by Five Percent Online Ltd, the operators of The5ers — a time-tested, highly reputed and well-respected prop trading firm established in 2016.
Trade The Pool offers a unique funding solution for all types of stock traders, and a partner of some of the most leading companies in the industry.

Best For
  • Prop traders
  • Day traders
  • Swing traders
  • Professional or expert traders
  • Traders dealing in stocks and contracts for difference (CFDs)
  • Inexperienced traders
Pros
  • Unlimited buying power
  • 14-day free trial
  • More the 12,000 stocks and ETFs to trade
  • Incredible program features like start over button and redemption fees
  • Exquisite and insightful trading dashboard
  • Excellent content and educational resources
  • Withdraw profits and scale up your funded account at the same time
  • Free subscription for Trade Ideas or TrendSpider or Bookmap
  • Get a free month with TraderSync
  • Great opportunity to grow or hone your trading skills
Cons
  • Unlimited buying power can create over-leveraging
  • Primarily stocks and CFDs
Top One Trader
Get started securely through Top One Trader’s website
More Details
Best For
Seasoned and Undercapitalized Traders
N/A
1 Minute Review

Forex trading can be challenging; most retail traders suffer losses from inexperience, inadequate skills or insufficient funding. Proprietary trading firms can provide you with the capital, training and tools needed to excel in the market and boost profitability. However, not all prop firms are committed to your long-term trading success and growth.

Despite being relatively new, Top One Trader has emerged as one of the leading prop firms and a favorite for most talented forex retail traders due to its flexible trading conditions. You can choose either the 1 or 2-step funding challenge to unlock up to $200,000 worth of funding or up to $5 million via scaling. Unlike most prop firms, the evaluation rules are simple and realistic, meaning you are very likely to get funded. There are no minimum or maximum trading days, and the platform supports weekend and news trading and expert advisors (EA).

With tools like the Economic Calendar, you can track economic events and indicators that impact the financial markets, enabling you to make a more informed trading decision. Furthermore, Top One Trader offers a generous profit payout of up to 90% along with bi-weekly payouts, including a 100% refund of your challenge fee at the first payout. Top One Trader’s commitment to transparency and straightforward trading practices is complemented by its exceptional customer support, solidifying its position as an ideal platform to build your trading career. Read on for a comprehensive review of this prop firm and how it might help you access requisite capital and tools for trading.

Best For
  • Seasoned but undercapitalized forex retail traders seeking optimum funding access to turbocharge their trading career and maximize profitability via excellent risk management strategies
  • Beginner traders seeking a conducive and risk-free environment to develop their trading expertise and techniques and potentially access capital to advance such strategy while maximizing profits 
  • Prop traders seeking a proprietary firm with straightforward evaluation rules, flexible trading conditions, competitive payout and commitment to their long-term growth and success in the financial markets 
  • Forex, indices and crypto traders, especially those seeking platforms with zero-spreads, low commissions and funding access to optimize returns over time 
  • Those seeking an accessible and interactive trading community to network, communicate, share and regularly exchange ideas with other traders and potentially gain valuable trading skills with time
Pros
  • Generous payout ratio of up to 90%
  • Fast and seamless bi-weekly payouts 
  • 100% refundable challenge fees at the first payout
  • Fast funding access of up to $200,000 ($5 million via scaling)
  • Competitive leverage of up to 50:1 for forex trading
  • Multiple tradable instruments or assets — forex, indices, commodities and cryptocurrencies 
  • Supports weekend and news trading as well as uses of EA
  • Responsive and highly efficient customer support
  • Excellent suites of MetaTrader trading platforms — MT4/MT5
  • Multiple-account sizes are available 
  • Fully regulated and award-winning broker for trading
Cons
  • Doesn’t support copy trading from multiple accounts not owned by you
  • Does not allow for HFT (high frequency trading), arbitrage, or martingale strategies.
Tradiac
Get started securely through Tradiac’s website
More Details
Best For
Experienced Yet Undercapitalized Forex Traders
N/A
1 Minute Review

The online prop trading industry has witnessed a substantial surge in popularity in recent years, with a constant influx of new firms actively participating in the market. Prop trading firms aim to streamline fund accessibility for undercapitalized traders and experienced investors seeking robust capital to optimize their strategies and maximize profits. However, with many prop firms providing identical funding options and having similar rules, finding platforms that best suit your preferences and trading style can be challenging.

Tradiac introduces a fresh approach to prop funding with unique features, like high drawdown rules (up to 15% and 30% daily loss limit and maximum drawdown). Additionally, the evaluation is single-phase, and on qualification, you immediately get funded to trade with your favorite strategy and earn a 90% profit payout. Unlike most prop firms that offer 90% payouts only through add-ons, Tradiac doesn’t require such additional conditions.You can scale up your account to $1 million with an option to retain your funding amount level after a failed scaling.

However, Benzinga believes that what makes Tradiac outstanding is its professionalism and robust background, with funds allocated by London-based hedge funds specializing in alternative investments. The firm’s proprietary real-time risk management engine significantly minimizes potential losses by monitoring rules and assessing risks. Is Tradiac the ideal prop firm to help you jumpstart your trading career? Find out from Benzinga’s review of the firm.

Best For
  • Experienced but undercapitalized forex retail traders seeking accessible funding to boost their trading capital and maximize profitability via excellent risk management strategies
  • Beginner retail traders looking for a conducive and risk-free trading environment to develop their expertise and potentially access funds to advance such strategy while maximizing profits 
  • Prop traders seeking a proprietary firm with straightforward evaluation processes with flexible rules, high payout and genuine commitment to their long-term success and growth in the financial markets
Pros
  • Generous payout ratio of up to 90% without add-ons
  • Fast funding access of up to $100,000 ($1 million via scaling)
  • Competitive leverage of up to 20:1 across all instruments 
  • Multiple tradable instruments or assets — forex, indices, metals and oils 
  • Supports weekend, overnight and news trading as well as use of Expert Advisors (EAs)
  • Multi-channel and efficient customer support
  • Cutting-edge and highly customizable MT5 trading platform for trade execution 
  • Multiple account sizes to suit the unique needs of traders with diverse financial capabilities and trading experience
Cons
  • Does not support high-frequency trading (HFT) and arbitrage trading
  • Currently unavailable in the U.S.
The 5ers
get funded securely through The 5ers’s website
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Best For
Experienced and beginner forex, indices and metal traders
N/A
1 Minute Review

The 5ers is a proprietary trading firm that offers an affordable and accessible option to access funding for trading forex, metal and indices. Traders may pay as little as $95 to open a demo account, and instant trading access is available. While you’ll already need to have a developed trading strategy in place to get the most out of The5ers, those confident in their skills will find an option to show what they know without paying an ongoing subscription fee. Be sure to note trade restrictions before paying the participation fee — doing so will allow you to work profitably within the bounds of The5ers restrictions. 

Best For
  • Experienced and beginner forex, indices and metal traders
  • Traders with knowledge of the forex market but limited capital to invest
  • Those experienced in MetaTrader 5 forex trading
  • Scalpers and swing traders
  • Traders willing to improve their trading performance
Pros
  • One-time fee avoids the need to pay ongoing subscription costs
  • Offers traders access to capital trading funds without a thousand-dollar deposit
  • Profit split up to 100%
  • Large range of exclusive resources
  • A program as a solution for every trader style and objectives
  • Salary offer on high-stakes program
  • Low-entry cost on Bootcamp program
  • Fastest scaling plan on all programs
Cons
  • No access to stock or ETF markets
The Trading Pit
Get started securely through The Trading Pit’s website
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Best For
Prop Traders Looking for a Multi-Asset Platform
N/A
1 Minute Review

As prop firms gain increasing popularity, traders have a plethora of options when it comes to securing funding. The Trading Pit presents a compelling choice for traders seeking a straightforward yet comprehensive solution. Besides its generous payout (80% profit split), simple one-step evaluation options, state-of-the-art trading platforms (ATAS, Bookmap, Quantower, MT4 & MT5) and multi-asset offerings, the platform is also a trailblazer in allowing traders benefits from different techniques. For instance, it embraces scalping, copy-trading and high-frequency trading (HFT) on futures. HFT allows for lightning-fast trade execution (within fractions of seconds), further increasing the profit potential. Weekend and overnight trading are available for forex. 

The Trading Pit offers multiple account options, making it easier for traders from diverse backgrounds to enter the market. With its comprehensive scaling plans, traders can access funding of up to $5 million through the platform. The platform offers robust trading tools like Squawkbox for real-time market analysis news and StereoTrader for trade optimization. Its suites of resource-rich educational tools, including webinars, ebooks, podcasts, blogs and infographics are also outstanding. Regardless of these features, you must review the firm’s evaluation conditions, reputation and track record before participating. Benzinga spotlights The Trading Pit, detailing its pros, cons and core offerings and how it compares with other popular platforms.

Best For
  • Prop traders looking for a multi-asset and tech-driven prop firm
  • Novice traders seeking to gain valuable experience from a unique learning environment with comprehensive support and trading resources
  • Experienced traders with excellent knowledge of the market seeking a feature-packed, state-of-the-art platform that will allow them to leverage their skills and knowledge effectively for successful trading strategies
  • Aspiring professional traders seeking to transition from retail trading to professional trading, with the potential to trade larger positions and expand their trading career
  • Professional traders who have achieved consistent profitability but seek opportunities to increase their profit or earning potential
Pros
  • Competitive payout – 80% profit split
  • Fast payout with flexible options
  • Straightforward one-step evaluation on with simple rules
  • Robust and multiple trading platforms (AtAS, Rithmic, Quantower. MT4, MT5)
  • Premium trading tools – Squawkbox and StereoTrader
  • Excellent scaling plan – up to $5 million
  • Resource-rich educational materials and trading tools
  • Flexible brokerage options – FXFlat and GBE Permits HFT, scalping, copy and news trading on futures
  • Allows overnight and weekend holding on Forex
  • Permits algorithmic trading
  • No minimum trading days for futures Challenges from €99 Refundable fee
  • No mandatory stop losses
  • Free market data
  • $250,000 accounts
  • Challenge Duration: 90 Day
Cons
  • Relatively new prop firm
  • Currently offers only contracts for difference (CFDs) and futures
FundedNext
Get started securely through FundedNext’s website
More Details
Best For
Day Traders
N/A
1 Minute Review

In the dynamic world of the financial market, traders constantly seek funding opportunities to access the global marketplace and maximize profitability while getting the support they need to excel. Proprietary trading offers traders a way to meet this demand. In this type of trading, financial institutions or prop firms offer capital, advanced trading software and essential resources to experienced traders. In exchange, they retain a portion of the traders’ profits.

Many proprietary traders favor FundedNext thanks to its generous payout of up to 90%, flexible funding options of up to $300,000 ($4 million via scaling), raw spread, competitive leverages and robust trading platform (MT4 and MT5). FundedNext stands out as one of the few proprietary firms that provides payout even during the challenge phase, offering a 15% profit split during this period. The evaluation rules are flexible, and there’s no time limit necessary to hit the profit target. FundedNext’s raw spread extends to Swap Free accounts, plus it offers some of the lowest commissions in the industry, including $3 per round lot for forex pairs and commodities and $0 per round lot for indices. 

FundedNext promotes a culture of discipline, efficient risk management and a solid commitment to long-term consistency, enabling traders to excel and succeed. Despite being relatively new in the industry, the firm boasts over 51,000 funded traders across 195+ countries with a total payout of $62 million+. The average payout time is five hours, ensuring traders can access their earnings promptly. With a remarkable track record and a range of distinctive features, FundedNext is revolutionizing trading on a global scale. Read on to explore the company’s key offerings, what sets it apart from competitors and how it can empower you to attain financial independence. 

Best For
  • Undercapitalized and beginner retail traders seeking access to more significant trading capital or funding options
  • Experienced and seasoned traders seeking to amplify their trading capital and diversify their trading strategies while enjoying a comfortable and supportive trading environment
  • Prop traders seeking to take advantage of prop firms offering robust trading platforms, raw spreads, competitive leverages and generous payout
  • Day traders, scalpers, swing traders, and those who use Expert Advisors (EAs) for trading
Pros
  • Generous payout ratio of up to 90% and 15% on the challenge phase
  • Flexible account sizes or fund options up to $300,000 (up to $4 million via scaling plan)
  • Raw spread, competitive commission and leverages (1:100 maximum)
  • Flexible timeframe — no evaluation deadline, reducing pressures and anxiety during the evaluation phase
  • Support for multiple trading strategies, swing trading, intraday traders, scalpers, use of EAs, overnight and weekend holdings
  • Multiple trading platforms — user-friendly MT4 and cutting-edge MT5 platforms
  • A Trading Terminal that allows for chart management and direct trading
  • Supports multiple trading assets — forex, commodities, indices and metals
  • Excellent research tools (economic calendar) and risk management guidelines
  • Simple and flexible evaluation rules, including balance-based drawdowns
  • Global accessibility and impressive community support from over 51,000 funded traders
  • Round-the-clock and efficient customer support via multiple channels
  • Refundable subscription fees on qualification
  • Restart or reset option at a discounted subscription fee
  • Offers swap free account with raw spread
  • Excellent Trustpilot rating of 4.7/5
Cons
  • Relatively new prop firm
  • Consistency rules on the Express model can be restrictive
  • News trading and weekend holdings are not supported in the Express Model

Try Global Trading Software

Global Trading Software
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Best For
Those Seeking Trading Indicators
N/A
1 Minute Review

Traders or investors in the financial markets have diverse requirements for trading indicators, software and algorithms. These needs are often influenced by their preferred tradable instruments — stocks, forex and cryptocurrency. For instance, stock traders might choose software that provides real-time data and advanced charting tools. In contrast, forex traders may prioritize software with integrated news feeds and customizable order types. Trading indicators like moving averages and relative strength index (RSI) are popular among stock traders compared with Bollinger Bands and MACD for forex traders.

Since every tradable asset necessitates distinct analytical strategies, traders often prioritize tools that offer personalized solutions in line with their assets. Global Trading Software (GTS) stands out as a reputable marketplace for high-quality trading indicators, software and algorithms, giving diverse retail traders a competitive edge in the stock, futures, cryptocurrency and forex markets. As a trading and investment software company, GTS takes pride in its dedication to quality and innovation, guaranteeing traders and investors the finest cutting-edge tools needed to enhance their trading journeys.

Thanks to its expert teams of developers, traders can access a vast range of technical tools that suit their trading strategy and preferred tradable asset classes. GTS’s diverse and robust trading tools can swiftly identify at lightning speed with precision, allowing traders to maximize profits while minimizing risk. GTS provides various educational resources to assist novice and seasoned traders in enhancing their skills and comprehending the markets. Read on for a comprehensive review of the company, including its pros, cons and core offerings.

Best For
  • Experienced and beginner traders seeking trading indicators and other technical tools needed to advance their trading strategies 
  • Long-term investors looking for sophisticated tools to optimize their trading decisions and stay updated with market trends 
  • Technical analysts seeking robust indicators tools to swiftly identify support and resistance or make more precise predictions of future market movements 
  • Day traders, scalpers and swing traders looking for a suite of cutting-edge technical tools to expedite market analysis and make profitable trading decisions 
  • Prop traders seeking customizable, accurate and advanced indicators to improve the evaluation outcomes and potentially qualify for funding 
  • Algorithmic and automated trading enthusiasts and traders seeking an effective avenue for learning and trading skills improvement
Pros
  • Sophisticated and cutting-edge indicators and tools
  • Excellent and comprehensive educational and training resources 
  • Emphasizes quality and innovation, ensuring traders can access reliable and efficient analytical tool
  • Diverse trading indicator strategies tailored for different trading platforms — MT4, Thinkorswim, TradingView, NinjaTrader and more 
  • Available tools support diverse strategies, including day trading, swing trading, scalping, algo and automated trading
Cons
  • Indicators are a higher investment than others on the market, so more likely going to be for the serious trader
  • No 24/7 customer support

Global Trading Software works well for prop traders. In fact, the platform was designed with prop traders like you in mind. You can complete technical analyses of the assets you’re selecting and use the strategy that works best for you. Because prop trading firms often allow you to say trade, scalp, etc, you can use GTS to get the data that will make your life easier. You can also connect to MT4 and TradingView as needed. Some traders might even connect to a platform like NinjaTrader as the need arises.

Frequently Asked Questions

Q

Can you make a living with prop trading?

1
Can you make a living with prop trading?
asked
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Many people can make a great living by prop trading, especially if they employ effective trading strategies and are comfortable working within their firm’s guidelines.

Answer Link
answered
Q

Is prop trading safe?

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Is prop trading safe?
asked
A
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Since proprietary trading is largely unregulated, there are instances where prop trading is unsafe. If you would like to be a prop trader, it’s essential that you research a potential firm and ensure it has a positive reputation before applying.

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answered
Q

Which prop trading strategy is right for me?

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Which prop trading strategy is right for me?
asked
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The right prop trading strategy depends on your individual skills, personality traits, and trading goals. It’s important to thoroughly research and understand the different strategies available and seek advice from experienced prop traders or professionals in the field. Experimenting with different strategies and gradually refining your approach can help find the strategy that best suits your strengths and preferences.
Answer Link
answered

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