Contents Main principles of Price Action technique Basic notions of Jarroo method How to trade using Jarroo method? Individual notes – DCC Stops, profits, etc. Today, no-indicator trading systems are at the height of their popularity. They are successfully used by both beginners who do not have enough technical skills and practical understanding of the… Continue reading Jarroo Strategy in Forex
Month: March 2022
Scalping
Scalping is making a very short-term trade for a few pips usually using high leverage. Scalping typically is best done in conjunction with a news release and supportive technical conditions. The trade can last anywhere from a few seconds to a few hours. Many beginning forex traders start with scalping, but it does not take long… Continue reading Scalping
Trading Forex Options
A forex option is an agreement to purchase a currency pair at a predetermined price at a specified future date. For example, say you are long the EUR/USD at 1.40, and you feel that there is a chance that it will fall to 1.38 in overnight trading. Not wanting to risk a deeper reaction, you… Continue reading Trading Forex Options
Position Trading
Position trading is trading based on your overall exposure to a currency pair. Your position is your average price for a currency pair. For example, you might make a short trade on EUR/USD at 1.40. If the pair is ultimately trending lower but happens to retrace up, and you take another short at say 1.42,… Continue reading Position Trading
Hedging Forex
Hedging is a way to reduce risk by taking both sides of a trade at once. If your broker allows it, an easy way to hedge is just to initiate a long and a short position on the same pair. Advanced traders sometimes use two different pairs to make one hedge, but that can get very… Continue reading Hedging Forex
Run For Profit
You do all the work to find good trading opportunities; intermediate Forex traders may want to think about running their profits. There are many ways to do this however the key is to be consistent. Here are two examples: Using price structure Moving averages Once your trade breaches a key swing level, you can start… Continue reading Run For Profit
Scale For Risk
Since I am a risk manager first, my objective is to take all the risk out of any trade I am in. Scaling out at an amount equal to the risk is an excellent way to be in a free trade scenario. In the charts we have been covering, let’s walk through how an intermediate… Continue reading Scale For Risk
Dial Down For Triggers
The benefits for this are immense and the biggest for me is giving me a lower risk profile. A lower risk profile, if using a percentage of your account for position sizing, allows for a great size. This chart has price pulling back into a zone that utilizes Fibonacci retracements and symmetry. The upper line… Continue reading Dial Down For Triggers
Choose the Right Trading Partner for You
It’s critical to choose the right trading partner as you engage the forex market. Pricing, execution, and the quality of customer service can all make a difference in your trading experience. FOREX.com is a worldwide leader in currency trading and offers competitive pricing, great customer service and helpful guides and tutorials so you have a… Continue reading Choose the Right Trading Partner for You
Don’t Be Afraid to Explore
While consistency is important, don’t be afraid to re-evaluate your trading plan if things aren’t working like you thought. As your experience grows, your needs may change; your plan should always reflect your goals. If your goals or financial situation changes, so should your plan.