Pivex Guides
Guides and explainers for funded traders:
challenges, risk, payouts, and market literacy.
How to Review Your Trades: A Daily, Weekly and Monthly Method
Short answer: the best way to learn how to review your trades is to split the job into three passes with different purposes. A daily pass grades execution against your plan while memory is fresh.…
How to Trade a Choppy Market: Strategies, Indicators and Risk Rules
Short answer: the honest way to think about how to trade a choppy market is to shrink everything. Trade less often, trade smaller, and aim for the middle of the range rather than the far edge. A…
Overconfidence in Trading: What It Is and How to Manage It
Short answer: overconfidence in trading is the gap between how accurate a trader believes their judgment is and how accurate it actually is. It shows up as excessive trading, oversized positions,…
Scaling In and Out of Positions: A Practical Guide for Traders
Short answer: scaling in and out of positions means splitting one trade into several smaller orders instead of one lump. Scaling in builds the position in tranches as price confirms your idea or…
What is Risk Management in Trading?
Risk management in trading is the set of rules that decides how much you can lose before you place an order. It covers position sizing, where the exit sits, how many trades you may take, and how…
When to Stop Trading for the Day: Limits That Actually Work
Short answer: stop when you hit a predetermined limit, not when you feel finished. The three limits worth setting in advance are a maximum loss, a maximum number of trades, and a hard finish time.…
Currency Correlation in Forex Trading: What It Measures and How to Use It
Short answer: currency correlation is a number between -1 and +1 that describes how closely two currency pairs have moved together over a chosen window. Near +1 they mostly rise and fall in step,…
Forex Swap Fees: What the Overnight Charge Is and How to Keep It Small
Short answer: forex swap fees are the interest a broker credits or debits when a currency position stays open past the daily rollover. That rollover usually falls at 5 pm New York time. The amount…
What is a Lot in Forex? Lot Sizes and Why They Matter
Short answer: a lot is the standard unit of trade size in the currency market. The honest reply to "what is a lot in forex" is 100,000 units of the base currency. Brokers also offer smaller…
What is Free Margin in Forex?
Short answer: what is free margin in forex? It is the money in your account that is not locked up as collateral for open trades. The platform works it out as equity minus used margin, where equity…
What is a Prop Firm Challenge? A Complete Overview
A prop firm challenge is a paid trading test. The firm hands you an account with a fixed rule set. You then try to reach a profit target without breaking a daily loss limit or an overall drawdown…
Accumulation Distribution Indicator: How the A/D Line Works and When to Trust It
Short answer: the accumulation distribution indicator is a running total that weights each bar's volume by where the close sits inside the bar's range. A close near the high adds most of the…