Pivex Guides
Guides and explainers for funded traders:
challenges, risk, payouts, and market literacy.
A Comprehensive Summary of 'Trading in the Zone'
This trading in the zone summary explains a book about executing uncertain trades without demanding certainty from the market. Its central idea is that one outcome says little about the quality of…
Understanding Trading Psychology: Key Concepts and Strategies
Trading psychology is the effect that emotion, attention, memory, and habit have on trading decisions. It explains why a trader can follow one strategy calmly in a backtest and abandon it during a…
How to Use TradingView for Paper Trading: A Complete Guide
The answer to tradingview paper trading how to use is a controlled practice workflow. Open a simulated account, choose one market, set realistic account rules, and place an order with entry, stop,…
Understanding Volume Profile: A Comprehensive Guide for Traders
Volume profile is a chart that distributes traded volume across price levels instead of across time. Its horizontal bars show where the market conducted the most and least business during a…
What Happens After You Pass a Prop Firm Challenge?
What happens after you pass a prop firm challenge is a controlled transition, not an automatic payment or job. The provider verifies the evaluation, presents new account terms, completes identity…
What Happens If You Breach a Funded Account?
If you breach a funded account, trading access is usually paused or closed while the account record is checked against its rules. A breach means a stated limit was crossed, not simply that one…
What is a Good Win Rate in Trading?
There is no universal good win rate in trading. A useful win rate is one that works with the strategy's average win, average loss, costs, and drawdown. A system can win 35% of its trades and have…
What is a Margin Call? Understanding the Risks and Responses
A margin call happens when equity in a margin account falls below the maintenance requirement. The shortfall can follow a price decline, increased volatility, higher requirements, or losses across…
What is a Pip in Trading? Understanding Its Role and Importance
A pip is a standard unit used to describe a small price movement in a currency pair. For many forex pairs, it refers to the fourth decimal place. Pairs quoted with the yen often use the second…
What is an Edge in Trading?
An edge in trading is a repeatable advantage that gives a defined strategy positive expectancy after costs across a meaningful sample. It is not a prediction, a secret indicator, or a guarantee. An…
What Are E-mini S&P 500 Futures?
E-mini S&P 500 futures are standardised contracts whose price follows the S&P 500 index. Traders use them to take long or short exposure to a broad basket of large US stocks without buying every…
What is Leverage in Trading? A Complete Guide
Leverage in trading means controlling a market position larger than the capital committed to it. The trader supplies margin, while the account provides the remaining exposure under its rules. A…