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SMC Terminal Blog

Smart Money Concepts, positioning, seasonality and session timing — written the way the terminal reads them, with the numbers behind every claim.

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Risk Management
Oct 26, 2026 7 min read

Prop Firms: How to Choose the Best Forex Prop Firms, Pass a Challenge and Understand Futures Prop Firms

A prop firm sells an evaluation: hit a profit target without breaching a drawdown limit and trade a funded account for a profit split. This guide explains how the model works, the five rules that decide whether a firm is worth paying, the arithmetic that makes most challenges fail (the daily drawdown, not the profit target), a sizing plan built to pass, and how futures prop firms differ from forex ones.

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Oct 19 6 min read

Forex Drawdown Explained: How Losses Affect Account Recovery

A forex drawdown is the distance from the account's last peak to its current trough, and its arithmetic is unforgiving: the gain needed to recover grows faster than the loss that caused it. This guide explains the three measures of drawdown that matter, the recovery table every trader should know by heart, how drawdown depth is set by risk per trade and losing streaks, and the rules that stop a normal drawdown from becoming a terminal one.

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Oct 17 6 min read

How Much Should You Risk Per Forex Trade? Understanding Risk Limits

Forex risk per trade is the one number that decides whether a strategy with an edge actually survives long enough to show it. This guide works through what different risk levels do to an account across a normal losing streak, why the right number depends on win rate and reward-to-risk rather than confidence, and how the per-trade limit sits inside daily, weekly and exposure limits that matter just as much.

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