Whether you want to day trade or swing trade forex, here are some guidelines on how much money to start with depending on what your goals are. Day trading is buying and selling within the day, often multiple times per...
A trade trigger is a precise event that tells you to get into or out of a trade, right now. It helps avoid getting in or out too early, too late, skipping trades, or taking trades you shouldn’t. You need...
With some forex brokers offering up to 500:1 leverage, here’s how much you’ll need for various scenarios. Utilize leverage to increase gains, but maintain risk controls while doing it. 500:1 leverage means you can initiate a position valued at 500...
In forums and in emails I receive, a common question is “How much money can I make day trading forex?” The questions vary, such as “How long to double my forex account?” or “I have $X, how much can I...
Be aware that taking the broker’s money can result in multiple problems. If you are going to trade, just deposit your own money and trade. Don’t fall for these gimmicks, here’s why. Ever see an ad that says something like “20%...
The one-bar or one-candle trailing stop loss aggressively moves the stop loss as each bar or candle closes. This reduces risk quickly, locks in profits, and prevents holding through a pullback. The one-bar or one-candle trailing stop loss is aggressive...
Use a 1-minute EURUSD chart for this day trading strategy, during the London and/or US session. The strategy is best applied between 3 AM EST and 1 PM EST. A failed technical turnaround occurs when a technical turnaround fails (read that article...
Use this strategy on the 1-minute EURUSD chart during the London and/or US session. I’d wait till the London session gets going, so the strategy is best applied between 3 AM EST and 1 PM EST. This strategy typically generates...
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ECN Forex Broker (for non-US residents)
