Hey Traders, in this idea we are going to break down step by step, how a professional trader calculates pip value, risk and trade size. The focus of this lesson is aimed towards helping you get an idea of how you can create your own risk management plan in order to remain consistently profitable over a long period of time. You can have the best strategy in the...
This post is modified and re-posted after it was banned (a matter of fact and the truth). Why? I was said to be promoting a broker's website seemingly because by I identified the source of quotation and said that they were being honest. I have now substituted the name the broker with a fictitious ABCXYZ (which is not the name of any broker as far as I am...
Hi everyone, Some of you may or may not know that big changes will take place on august 1st 2018 on Forex and CFDs market especially for retail clients. ESMA for European Securities and Markets Authority decided to ban binary option and apply a drastic decrease on leverage on all financial instruments including forex, CFDs and crypto. All UE regulated brokers...
The idea is simple. look for key moment in a chart where large consolidation is coming to a head. most recently we had this occur. multi month triangle coming to a head. bulls... thinking we would break out of the consolidating triangle and ignite a new bull run. 3 apparent higher lows on the daily. fundamentals getting stronger every day institutional...
In this educational content video I had to cover one the biggest noob trader mistake, trading with too much leverage. That's basically what flushes out almost 80% of the noobs. Getting the margin call, putting more money into trading than you initially expexted. All of this is well known as gambling problems. And the recent flow of beginners who went to the...
Way too many traders trade with very little capital and they do this because their brokers allow them to by offering them insane amounts of leverage. We really don't understand it because you would think that these brokers would want their clients to succeed in order to continue placing trades which yields the broker revenue from commissions and spreads. It is...
Imagine you have a strategy and you found that the optimal risk you should take is 4%. In other words with this strategy you should put 4% of your capital at risk in every trade to grow your account the fastest. If you enter a trade with 100% of your capital, the SL % is the % you put at risk. NOT the whole position size. So by entering a trade with all of your...