Beginner Risk Management

Forex Market Weekly Open And Close

Forex Market Weekly Open And Close

This is very much a beginner topic, but I think it is essential to learn about the market open and close because trading mistakes made during these times can be avoided, as long as you are aware of them.

To start, I want to point out that the Forex market is not the same as the stock market in terms of when the market closes and opens.

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Risk Management Guidance For Traders

Risk Management Guidance For Traders

As traders, we often face issues when it comes to how much we should be willing to risk on each trade, how many trades we can have open before our leverage becomes non-existent and quite frankly problematic for the maintenance of the account.

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Risk Appetite For Forex Traders

Risk Appetite For Forex Traders

In this game, it’s important not to have eyes bigger than your stomach. Don’t take on risk you can’t stomach. I heard of a trader called Jason Leavitt on a “Chat with Traders” podcast some years back who said at the beginning of his trading career he could’ve been trading $50,000 account and have one trade floating an $8000 loss without phasing him.

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4 Considerations Before Trading Forex Live (Real Money)

4 Considerations Before Trading Forex Live (Real Money)

Trading, like anything in life, needs practice if you want to become good at it. Luckily, with modern technology, there are ways to practice without spending any real money. Without the added risk, trading a demo can help traders hone their skills and become better by first losing fake money and not real money.

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Bid And Ask Price In The Forex Market

Bid And Ask Price In The Forex Market

When trading the Forex market, the ask price is the price you will pay when buying a currency pair and the bid price is the price you will pay when selling a pair. The ask price is always the highest of the two quotes.

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Spreads In Forex Trading

Spreads In Forex Trading

Often, traders and investors miss the small but MAJOR details before making a decision when purchasing a stock or a certain currency. Forgetting to check the spread on a Forex pair is normal when you see an opportunity and just want to pounce, but the disadvantage is yours and yours alone.

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What Is A Trading Edge

What Is A Trading Edge?

An edge means that over a large sample of trades, a trader will come out with a profit. Without an edge, nobody can make money from the market in the long run.
The above definition is just scratching the surface, there is much more to understand about this concept.

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What Is Leverage In Forex Trading

What Is Leverage In Forex Trading?

Leverage is the ratio between the amount invested by a trader and the credit provided by a broker, therefore leverage is a form of borrowed capital that allows a trader to increase their profit potential.

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How Many Currency Pairs Should You Trade

How Many Currency Pairs Should You Trade?

This is a question that may plague a lot of traders. Some of you might have heard things like “trade all of them” or “trade one until you master it”. These opinions can come from leaders in the trading industry thus leaving some newbies or even intermediate traders in the grey about which route to take. Which answer is the right one? Both…

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