Advanced Forex Trading
What Is Hedging? And How To Hedge Trades
Hedging is a form of risk management that involves taking an opposite trade in the same instrument or a similar asset.
The goal of a hedge is to offset or limit potential losses.
How Different Trading Terms Can Mean The Same Thing
Ten times out of 10, the Forex community uses different terms to say the same old thing. An advanced trader can say the same thing as a beginner, but in a completely different way. For example, supply and demand have many other terms.
What To Do When Your Forex Trading Strategy Stops Working
It’s a bitter pill to swallow. Not all of us go through this phase of trading, but it does happen. If your strategy depends on a market inefficiency or a particular market environment, then this will most likely happen to you at some point. Frustration is only natural, but maybe don’t throw in the towel just yet…
Risk By 1% Split Positions
I used to love holding positions until my intended target without adjusting my risk or the risk that I had left on the table. Yes, I know this was not the smartest thing but, we learn every day, right? So, for example, if I were risking 1% of my total capital, I would attempt the complete 1% until my intended target, whether 3% or 10%!! I would NEVER adjust my risk! This approach was problematic.
3 Things To Stop Doing When You’re In A Forex Rut!
Have you ever been in a situation where it feels like everything around you is crumbling, and you have no control over how many things around you crumble, what crushes, or when these things crumble?
How’s Your Attitude Towards Money Out Of 10?
Imagine, with me for just one second, a boy or girl who grew up in a family where there wasn’t any more to spare month to month. Even worse, they couldn’t even get by, let alone have anything to spare, since their parents weren’t wealthy and didn’t have high-paying jobs but rather were considered part of the lowest income earners in society.
Let’s chat about the CPI; I mean the PPI!!
I don’t know about you, but when I started trading the Forex markets back in the day, I BARELY EVER focused on “the PPI”! I couldn’t care less, to be honest, and for a very long time, I never paid attention to this economic news event because I thought it was just something fancy for the traders at the bank.
Do You Have the Money OR Is It Just An Illusion?
Have you ever been sold a dream? All sunshine and rainbows, the greener side of the fence, the better products, and all those dreams?
If your answer to my question is no, well then, I am extremely happy for you. BUT, you’re probably lying to yourself because everyone is a victim of this!
Never Be Afraid To Change Your Bias
At the time of writing, I’ve had an incredible week. Filled with opportunities and trade setups that would have you questioning whether or not we’ve actually come to the end of the year! I mean, seriously, since when are the markets so volatile in December??
Average Directional Index (ADX) Indicator
Today we will look at another uncommon indicator that isn’t really spoken of in the Forex trading community.
Remember the first day you were introduced to algebra in math class, and you were so confused? Okay, maybe not all of you, but for the majority of us it was the case. However, by the end of the term, you understood the concept.