Price action trading relies solely on the price chart for making trading decisions. Price movement is the purest indicator traders have. Price determines profit and loss, nothing else. Price action traders believe the price tells you everything you need to […]
We got into a trade expecting big profits, but instead, the exact opposite happened. Now we’re losing big on a trade and don’t know what to do. Do we hold it hoping for a turnaround? Get rid of the position […]
Which pairs you opt to day trade or swing trade will depend on your trading style. In this article, I’ll talk about different trading styles, and then discuss which forex pairs to trade based on what style you use (or want to […]
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. It gets us out of a trade at a predetermined price or loss amount. A stop loss is actually a “stop” order, which has multiple functions. Most forex brokers call the order a […]
A regression channel is a technical analysis tool that encompasses most of the price action between two given points in time. Since the channel incorporates most of the price action, when the price nears the top or bottom of the channel, it […]
Forex is the perfect market for volatile conditions. There are no circuit breakers, and you can go long and short with ease. The stock and futures markets have daily caps on how much they can move. If you have a […]