Abhay Prakash

Founder & Lead Analyst

Founder of TradeClaris and an active forex & futures trader with 5+ years of screen time. Abhay blends quantitative analysis with trading psychology to help retail traders build consistency. When he's not charting, he's building tools that make journaling and performance tracking effortless.

Forex TradingTrading PsychologyQuantitative AnalysisRisk Management

Articles by Abhay Prakash

23
Trading Psychology

The Emotional Cycle Every Prop Firm Trader Goes Through

Prop firm trader emotional cycle explained: 7 stages from confidence to blown account — and the exact system to break the loop before it costs you another challenge.

Apr 27, 202615 min
Prop Firm

Daily Drawdown vs Max Drawdown: The Difference That Ends 70% of Funded Accounts

Daily drawdown vs max drawdown explained: Understand how both limits work, how they interact, and which one ends most prop firm challenges — with real examples.

Apr 23, 202613 min
Prop Firm

Prop Firm Drawdown Explained: The Complete Guide (2026)

Prop firm drawdown explained: daily vs max, static vs trailing, balance vs equity — with formulas, worked examples & a pre-trade checklist.

Apr 22, 202612 min
News

MyForexFunds Shutdown & CFTC 2023: The Full Truth — And Why It's Coming Back

MyForexFunds shutdown by CFTC in 2023 — but the fraud case was dismissed. Get the full story: legal battle, CFTC misconduct, and the 2026 comeback roadmap.

Apr 17, 202610 min
Discipline

How to Build Emotional Discipline as a Trader: The 90-Day System

Emotional discipline isn't willpower — it's a trainable system. Get the complete 90-day framework, backed by neuroscience, to build discipline that holds even under pressure.

Apr 15, 202612 min
Discipline

The Professional Trader Mindset: What the Top 1% Do Differently

The top 1% of traders aren't more talented — they have better systems. Discover the 6 habits of professional traders and how Trade Claris delivers the same infrastructure to every trader.

Apr 13, 202611 min
Trading Psychology

The 7 Cognitive Biases That Cost Traders the Most Money

Cognitive biases cost traders 1–3% annually and cause most account violations. Discover the 7 most expensive trader biases, their research-backed costs, and the systematic removal framework.

Apr 13, 202612 min
Discipline

What Is Prop Trading and How Does It Work?

Prop trading gives traders access to firm capital through paid evaluations. Learn exactly how prop trading works, what prop trading firms pay, and the honest statistics.

Apr 12, 202610 min
Risk Management

Complete Prop Firm Risk Management Checklist for Trader's - (Pre-Session, In-Session, Post-Session)

80% of prop firm violations happen when traders override their own rules. Get the complete pre-session, in-session, and post-session risk management checklist.

Apr 8, 202610 min
Discipline

Static vs. Trailing Drawdown: Which Prop Firms Use Which

tatic drawdown grows your buffer as you profit. Trailing drawdown chases your wins. Learn which prop firms use which model — and which one matches your trading style.

Apr 7, 20269 min
Prop Firm

Daily Drawdown Rules Explained: How to Never Breach a Prop Firm Limit Again

Daily drawdown rules determine whether your prop firm challenge survives a bad session. Learn the 3 types, the math behind your limits, and how to set a personal daily loss rule that protects your account.

Apr 6, 202612 min
Discipline

How Prop Firm Challenges Work: Rules, Phases, and Why 80% Fail

Learn exactly how prop firm challenges work — phases, profit targets, drawdown rules, and the real reasons 80% of traders fail. The 2026 complete breakdown with no fluff.

Apr 6, 202613 min
Discipline

What Is a Prop Firm? The Complete Guide to Proprietary Trading (2026 Edition)

A prop firm funds traders to trade with firm capital in exchange for a profit split. Learn exactly how prop firms work, the real pass rate data, and what to watch out for in 2026.

Apr 4, 202611 min
Discipline

Why 80% of Prop Firm Traders Fail Phase 1 — The Psychology and Risk Mistakes

80-88% of traders fail prop firm Phase 1 — not because of bad strategy, but psychology and risk mistakes. Learn the 6 real reasons and how to fix them before your next challenge.

Apr 4, 20269 min
Discipline

The Real Reason 95% of Traders Fail (And It Has Nothing to Do With Your Strategy)

95% of traders fail — but not because of bad strategies. Discover the real, research-backed reasons traders lose money and the 5 steps that actually fix them.

Apr 4, 20268 min
Discipline

Overtrading vs. Revenge Trading: Two Account Killers

Overtrading and revenge trading both destroy accounts — but for different reasons. Learn the exact differences, warning signs, and proven fixes for each.

Apr 3, 20269 min
Trading Psychology

How to Stop Revenge Trading

Revenge trading wrecks accounts—not because of bad strategy, but bad brain science. Discover the neuroscience behind it and 7 proven steps to stop it for good.

Apr 3, 202611 min
Trading Psychology

Emotional Trading: Causes, Signs, and Proven Fixes

Discover why emotional trading causes 82% of traders to lose money despite positive win rates. Learn the neurological causes, 7 warning signs destroying your account, and research-backed fixes, including pre-trade check-ins, mandatory breaks, and mindfulness techniques that separate the 1% who succeed.

Mar 24, 202613 min
Discipline

Trading Discipline: How to Build Trading Discipline That Actually Sticks

Learn how to build discipline in trading with proven methods. Discover how professional traders control emotions, follow rules, and improve consistency.

Mar 21, 202611 min
Trading Psychology

Why Most Trading Journals Don’t Work (And What Serious Traders Actually Need)

Discover why most trading journals fail and how behavioral trading tools like TradeClaris help traders improve discipline, psychology, and performance.

Mar 18, 202612 min
Trading Psychology

What Is a Trading Journal and Why Every Serious Trader Needs One (The Truth About Winning Trades)

Learn what a trading journal is and why serious traders use it to track performance, improve discipline, and avoid repeating costly trading mistakes.

Mar 16, 202614 min
Trading Psychology

Why Trading Psychology Matters More Than Strategy - Truth

Discover why trading psychology matters more than strategy and how to fix emotional mistakes. Research-backed insights on fear, greed, and execution discipline.

Mar 15, 202612 min
Trading Psychology

What is Trading Psychology and Why It Matters: The Truth Nobody Tells You

Discover what trading psychology is and why over 80% of retail traders lose money due to psychology. Learn research-backed strategies to master trading psychology.

Mar 15, 202613 min