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Make $2000 Weekly with Support and Resistance

“Support and resistance” is one of the most widely used concepts in trading.

Strangely enough, everyone seems to have their own idea of how you should measure support and resistance.

Let’s take a look at the basics first.

Look at the diagram above. As you can see, this zigzag pattern is making its way up (a “bull market”).

 

When the price moves up and then pulls back, the highest point reached before it pulled back is now resistance.

 

Resistance levels indicate where there will be a surplus of sellers.

When the price continues up again, the lowest point reached before it started back is now support.

Support levels indicate where there will be a surplus of buyers.

In this way, resistance and support are continually formed as the price moves up and down over time.

The reverse is true during a downtrend.

In the most basic way, this is how support and resistance are normally traded:

Trade the “Bounce”

  • Buy when the price falls towards support.
  • Sell when the price rises towards resistance.

Trade the “Break”

  • Buy when the price breaks up through resistance.
  • Sell when the price breaks down through support.

A “bounce” and “break”? Say what? If you’re a little bit confused, no need to worry as we will cover these concepts in more detail later.

 

How to Make $10,000 Trading The Consummate Traders Prop Firm Account

As a proprietary trading company, Consummate Traders provides retail traders with the capital they need to succeed in the markets. With the option to trade over 1000 instruments including stocks, crypto, forex, and more, the possibilities are endless.

How does it work? Consummate Traders makes it easy for anyone to get started with their trading journey. With the option to trade up to $25,000 without any challenges, you can start seeing returns right away. And if you’re feeling up for a challenge, you can even manage a whopping $200,000 in trading capital.

When it comes to profits, Consummate Traders truly sets itself apart. They offer a generous 90% payout on profits, with no strings attached! That means you get to keep the majority of the profits you earn, allowing you to achieve your financial goals faster.

The Consummate Traders team understands that taking on a new trading venture can be intimidating. That’s why they also offer a free trial for those who want to test the waters before committing. And if you do decide to join, there’s no need to worry about hidden fees or recurring costs. Consummate Traders charges a one-time, refundable fee, giving you the opportunity to earn back your investment.

But the support doesn’t stop there. Consummate Traders has a team of dedicated professionals available to support you 365/24/7. Whether you have questions about your account or just need some guidance, the support team is always available to help.

Don’t just take my word for it though. Many retail traders have already experienced the benefits of working with Consummate Traders. Here’s what a few of them had to say:

“Consummate Traders has been a game-changer for me. I was able to start trading with confidence, knowing that I had the backing of a trusted and experienced team. The returns have been incredible, and I couldn’t be happier with my decision to work with Consummate Traders.”

“I’ve been trading for a few years now, but I’ve never seen returns like this. Consummate Traders has provided me with the capital and support I need to take my trading to the next level. I’m excited to see what the future holds.”

Also, Consummate Traders recently held a trading competition at the end of 2022 which saw winners go home with cash prizes and the latest Apple Gadgets worth Millions!

As you can see, Consummate Traders is the perfect solution for retail traders who are ready to take control of their financial future. So don’t let a lack of capital hold you back from achieving your financial goals. With Consummate Traders, you can trade with confidence and ease while working towards your dream of financial freedom.

Take the first step towards achieving your 2023 financial goals and sign up for a free trial with Consummate Traders today!

Make ($20,000) on the Top 5 Forex Trading Proprietary Firm

What is Prop Firm.

Consummate Traders is a proprietary trading company that provides retail traders with enough capital for them to achieve the popular phrase; financial freedom.

1. SurgeTrader

Numero uno is SurgeTrader, a legit. leading day trading prop firm. SurgeTrader is a top-tier provider for traders of all skill levels.

 

They offer the industry’s highest quality training, mentor resources, and educational materials. The reason SurgeTrader appeals to fine-tuned professional traders and those just getting started in the game is that they have unbeatable capital assistance, unlimited coaching, and direct market access.

 

The prop firm’s fully-managed portfolio services include day trading resources & advice, research & education, access to up-to-date news, streaming quotes, and access to a wide selection of real-time and delayed market data.

 

SurgeTrader stands out among the competition by providing free trade tools, such as fully customizable views of streaming quotes and market news & tools, as well as providing research ideas and market insights.

The company also provides multiple account access, so traders can take advantage of portfolio diversification to capture maximum profit potential. And with the latest technologies, including built-in trailing stops, multi-broker account linking, and fast execution, traders can confidently stay ahead of the curve.

 

And to top it all off, SurgeTrader’s customer service is second to none. Their customer support team is knowledgeable and always available for any questions or concerns traders might have.

 

SurgeTrader is the perfect place for day traders of all shapes and sizes. If you’re looking for an outstanding trading experience, SurgeTrader is the perfect place for you. They’ve strongly solidified themselves at our #1 spot.

2. Topstep

Topstep is a day trading prop firm that has earned the #2 spot in our top ten list of the best day trading prop firms. The company was founded by Michael Patak in 2011 and they have been helping traders become more successful ever since.

 

Topstep has created a novel assessment system that allows traders to access the company’s complementary trading platform. Traders are required to pass an extensive review process, which consists of a skills assessment, an interview, and a capital contribution. The assessment process is designed to ensure that traders who are seeking to benefit from Topstep’s services all meet specific prerequisites and can handle the risk associated with trading in today’s markets. In other words, they need to pass the “eye of the tiger” test.

 

Bypassing the assessment, traders can access Topstep’s proprietary technology, which includes their platform, tools, and automated trading strategies. The platform is accessible from any device, allowing traders to stay connected to the markets wherever they are.

 

The cutting-edge technology uses AI (artificial intelligence) to find potential trading opportunities in the market and provides a customized portfolio that is tailored to meet the needs of traders. Topstep also offers algorithmic trading and desk visits with professional traders who provide an additional layer of support and guidance. Lots of support, y’all.  A great foundation for success.

 

Topstep also provides mucho educational resources to assist traders in sharpening their trading knowledge and developing successful trading strategies. Through educational webinars, trading competitions, and a dedicated YouTube channel, Topstep offers a wide range of educational material designed to help traders become consistently profitable.

 

Topstep is a great option for traders looking for a prop trading firm that can offer the tools and resources needed to accelerate their success. They offer a rigorous assessment process and killer technology, as well as a supportive community with access to education and experienced traders. Everything you need. Topstep at the #2 spot.

3. The Funded Trader

The Funded Trader is an innovative day trading prop firm that deserves to make the #3 slot on our list This firm provides resources to both experienced and aspiring traders. The Funded Trader was created in 2020 by industry pros, led by Angelo Ciaramello, and backed by a network of over 2,000 global traders.

 

The Funded Trader stands out from the competition for its advanced proprietary tech, which features market intelligence, algorithmic trading models, and a new training system. Market intelligence provides instant risk analysis and real-time alerts about trading opportunities, allowing traders to make fast, informed decisions. Algorithmic trading models can be tailored to a trader’s preferences & goals, and continuously adapt to changing markets. The training system combines one-on-one coaching with online classes and video tutorials to ensure traders can reach their peak performance.

 

The Funded Trader also offers traders access to a wide variety of trade products, including stocks, options, futures, forex, and cryptocurrencies. In addition, the firm has a unique proprietary platform that is designed to help traders find the best trading opportunities, optimize performance, and manage multiple trading accounts. In order to help traders maximize their profits, The Funded Trader also provides analysis, reporting, and margin assistance.

 

On top of all this, The Funded Trader strongly advocates for pro-trader protections through lobbying and industry advocacy. The firm has firmly cemented its place in the day trading business by providing world-class services to both novice and skilled traders. When they say they’ve got your back, from what I can find, this is legit. So it’s no wonder The Funded Trader makes comes in at #3 on our list of the “10 Best Day Trading Prop Firms.”

4. My Forex Funds

#4! My Forex Funds is a super-strong day trading prop firm that offers its clients access to a fully interactive and personalized trading system. Through their unique platform, traders can access various forex markets in real-time, with access to advanced analytics, news, and data. My Forex Funds provide access to a wide array of forex products, including (but not limited to) the world’s major currencies, as well as commodities and metals.

 

The firm’s platform utilizes some of the best technology you’ll find…plus automation to ensure clients get the best of accuracy and precision from their trading experience. Additionally, My Forex Funds also offers very specific trading strategies, such as its Momentum Trade System, as well as its Pure Momentum System. Both are designed to maximize profits while minimizing risks. And this has served them well, esp. when recruiting for their firm.

 

Their platform also provides traders with powerful tools such as highly customizable charts and full-featured technical analysis that can help traders spot potential market opportunities. The firm boasts tight spreads, financial safety protections, and, of course, an awesome group of dedicated customer support staff members.

 

Thanks to their team of seasoned trading professionals, My Forex Funds has earned itself the #4 spot in our list. Their cutting-edge trading platform, powerful tools, and fully featured analytics make them a great choice for those who want to access the world’s major currencies and reap the rewards of day trading. What’s more, with their commitment to financial safety and customer service, My Forex Funds makes an ideal choice for anyone looking to become a successful day trader. Get it!

5. FundedTradingPlus

FundedTradingPlus is a top-ranked day trading prop firm. And, of the many excellent options out there, it has earned the #5 spot in our ranking of the 10 best-day trading prop firms. Here’s why…

 

FundedTradingPlus is relatively new; they operate on a unique funding model. It is one in which traders receive a percentage of profits from each successful trade. This percentage depends on the trader’s performance, but it can range from 5% to 50% (and, sometimes, even more) of the profits. The amount of funding available depends on the trader’s performance in a virtual simulation trading environment, which is essential.

 

FundedTradingPlus offers a wide range of strategies and strategies in development, which are tested and perfected in their virtual trading environment, and traders get access to comprehensive data to help them make intelligent well-researched trading decisions.

 

Monthly setups that track past performance and show expectations for upcoming opportunities represent one of the most sought-after benefits of FundedTradingPlus. This service helps traders make the most of their time, using data-driven insight to accurately predict trends and scenarios.

 

Traders have access to tools such as awesome charting and custom-built scripts that give them the edge in trading and allow them to maximize returns.

 

The team at FundedTradingPlus is highly experienced, very knowledgeable, and is always available to answer questions and help traders get the most out of their trades. Professional market analysis, ongoing education & training, and ongoing market monitoring by their experienced analysts are all additional benefits offered by FundedTradingPlus.

 

All in all, FundedTradingPlus is one of the best options for those looking to become professional, full-time day traders. It has fantastic services, overall; great support; and high performance. #5: FundedTradingPlus!

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