A stop loss order helps control risk. A stop loss gets us out of a trade at a predetermined price or loss amount. Most forex brokers call the order a stop loss, which means we just need to input the...
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...
Here is the real answer on the odds of becoming a successful day trader. This data is based on the success rate I witnessed while day trading for a propriety trading firm for 6 years, and also from conversations with...
The double-pump EURUSD day trading strategy is a trend-following pattern that I use when day trading the 1-minute chart. Use it during the European Session or US session (but ideally NOT within the last three hours of the US session)....
These day trading practices have the potential to dramatically improve results. Day trading is a mentally engaging process, and these practices are designed to keep us alert and focused, yet relaxed and confident. All key ingredients for trading well and...
The Snap-Back is a EURUSD day trading strategy for the 1-minute chart. I trade this strategy between about 8:15 am EST and 11 am EST. I use a 2.5:1 reward:risk and I let the price hit the stop loss or...
A trade log tracks the number of trades, wins, losses, and profits, but additionally, and more importantly, it tracks trading statistics such as win-rate, reward:risk, and efficiency, each day and over many days. A trade log provides insights into our...
A look at how high and low volatility affects day trading in the EURUSD, how to determine current volatility, and how current volatility compares to historic averages. The 10-week average for daily movement (high minus low) in the EURUSD is...
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