Let’s look at swing trading and day trading, the differences between them, and which style of trading is a better fit for you. Each trader is encouraged to trade the way they’re most comfortable with. It is likely traders will...
The 1% risk rule means not risking more than 1% of account capital on a single trade. Risking 1% or less per trade is the standard for most professional traders. For day traders and swing traders, this DOES NOT mean...
Learn about day trading forex with price structures using various time frames. To understand this article, please read the Price Structure Forex Strategy first. That article looks at swing trading price structures, while this article expands the same strategy to...
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...
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. Use from the outset of a trade, or once...
Many forex brokers offer trading via Contract for Difference (CFD) in oil, gold, the S&P 500, Dow Jones Indexes, and other commodities and financial products. These are based on futures contracts and don’t trade like currencies. These other products can...
A Renko chart forms bricks of a certain size, and only forms a new brick once the price moves that amount. This helps filter out price noise, see the dominant trend, and can be used as a trailing stop loss....
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...
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