Understanding and using a smart drawdown level can help stop you from blowing your account or putting huge chunks in it. You may decide that if you lose 25% of your account, it is time to take a break and work out what is going wrong. You may decide to move back to a demo account to… Continue reading Calculate What Your Maximum Account Drawdown is
Month: February 2023
Forex Money Management Plan
The best way to ensure you are staying on track with your money management strategies is to create a clear rule set and money management plan. This money management plan should include; #1: Calculate Your Acceptable Risk Per Trade There are two common methods to working out how much you want to risk per trade.… Continue reading Forex Money Management Plan
Use a Stop Loss
This is another simple strategy that should always be followed but is not. Using a smart stop loss can ensure you have small losses and then capitalize on your winners. The best stop loss placements will be at levels where the trade has failed, and instead of having a large loss, you cut it quickly. Calculate Your… Continue reading Use a Stop Loss
Forex Money Management Strategies
Some straightforward and easy-to-follow money management rules can immediately help your trading. Only Risk Money You Can Afford to Lose This should go without saying, but it is not always followed. Trading can be risky and you should only risk money that you can afford to lose. If you have to use money that you… Continue reading Forex Money Management Strategies
Using Counter Trend Trading Indicators
Two popular indicators for making counter trend trades are the stochastic oscillator indicator and the relative strength index (RSI). These indicators can help you find when the price is overbought or oversold and when the price could soon be making a correction. The RSI is a straightforward indicator that oscillates between 0 and 100. Price the reading… Continue reading Using Counter Trend Trading Indicators
Counter Trend Trading Strategy
Counter trend traders will often use a combination of price action and indicators to find and make their counter trend trades. One of the most straightforward strategies to make counter trend trades is combining price action and an indicator like the relative strength index. Using the RSI indicator, you will be able to identify when… Continue reading Counter Trend Trading Strategy
How to Identify Counter Trend Trades
The first trick to finding counter trend trades is to find a clear trend. This can be done on any of your favorite markets and time frames. You can use price action analysis and indicators such as the moving average to find when the price is trending higher or lower. After you have identified a… Continue reading How to Identify Counter Trend Trades
What is a Counter Trend Trade?
When making a counter trend trade, you are looking to profit from the swings higher or lower against the primary trend. Counter trend trading is so popular because you can do it in any market and time frame. You can also make short sharp trades and profit from going both long and short. Most counter trend traders… Continue reading What is a Counter Trend Trade?
Lastly – Gold Trading Tips
Whilst there are many ways for you to make profitable trades in the Gold market, there are some tips to keep in mind;
Gold Scalping Trading Strategies
The first thing to remember if you want to scalp the Gold market is don’t fall into the trap of only looking for long trades. When scalping on the smaller time frames you are going to see strong trends both higher and lower. You need to use these trends to your advantage and trade with… Continue reading Gold Scalping Trading Strategies