When trading foreign exchange (forex), position size is immensely important. With brokers offering 50:1 leverage, or even more in some countries, taking too big of a position size can wipe out an account in seconds if a big price move...
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...
Forex swing traders are constantly faced with having to choose one pair over another. Maybe you find yourself contemplating a long trade in the AUD/USD and NZD/USD. Both have similar setups, but at a given time is one a better...
Here is a quick rundown of the MT4 mobile trading platform for your smartphone. MT4 is also known as MetaTrader4. The MT4 app lets you check your charts and trades on the go. I don’t do any analysis on the...
Using the price structure forex strategy is a way to extract forex trading profits based on what the currency pair is doing, instead of what we hope it will do. Most people spend a lot of time looking for the...
A regression channel is a technical analysis tool that encompasses most of the price action between two given points. Since the channel incorporates most of the price action, when the price nears the top or bottom of the channel, it indicates that...
Holding a forex trade through the weekend presents gap risk as well as large spreads on Friday evening and Sunday evening. Traders opting to hold through the weekend should learn how to navigate these potential dangers. Each weekend, forex traders...
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