Learn the basic concepts of effective risk management.

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Risk Management

Strategy Testing As A Forex Trader
Beginner

Strategy Testing As A Forex Trader

Have you ever felt overwhelmed by all the strategies you know? You’ve tried most of them, and each works well in different market environments, producing fantastic results for you. So many methods at your disposal, but you are unsure when to implement them.

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Holiday Trading (End of Year)
Beginner

Holiday Trading (End of Year)

A belated Happy New Year and Merry Christmas! (to whomever that applies). I hope you all spent some time with loved ones and re-centered yourselves in preparation for the new year that will come with new heights ergo new challenges.

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What Is A Pip In Forex Trading - TradingView Chart
Beginner

What Is A Pip In Forex Trading?

Pip is an acronym for “price interest point” or “percentage in point”, which is a price change of 1/100 of 1% or one basis point. This represents the smallest possible change in an exchange rate.
The majority of Forex pairs are quoted up to 4 decimal places i.e. a pip is the last of those 4 decimal places.

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Breaking Down Win Rate (Percentage) For Traders
Beginner

Breaking Down Win Rate (Percentage) For Traders

A trader’s win rate (percentage) is determined by the number of winning trades out of all the trades they have placed.
If you win 50 out of 100 trades, then your win rate sits at 50%. If you win 80 of 100 trades, your win rate is 80%.

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Understanding Forex Market Sessions
Beginner

Understanding Forex Market Sessions

When I started Forex trading, I genuinely thought I had to be trading for 24 hours, 5 days a week, and 240 days in a calendar year! Genuinely! I kid you not. I thought that was the only way you made money in the Forex Market.
Until I learned that it all depended on your strategy and the kind of lifestyle you sought to live.

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Risk Of Ruin In Trading
Advanced

Risk Of Ruin In Trading

HOW TO LOSE ALL OF YOUR MONEY TRADING FOREX! Traders with some experience may have heard of the term, but I guarantee you that a lot of traders don’t understand it.
That opening line may have scared you, but don’t worry, because the point of this is to learn how to reduce the risk of losing your capital.

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How To Let Your Winning Trades Run
Beginner

How To Let Your Winning Trades Run

Cut your losses short, let your winners run. You know the saying, but do you apply it in your trading? I can tell you now that most people do the exact opposite – They cut their winners short and hope losing trades will magically move in their favour.

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When Should You Leave The Forex Market Alone?
Beginner

When Should You Leave The Forex Market Alone?

If this week has taught me anything, it’s that you can never be too sure because you never know what’s coming or when it is coming. This past week we witnessed the US elections, and with that came volatility.
As traders, we love volatility. We love movement in a bearish or bullish direction.

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Should You Use Trading Signal Providers
Beginner

Should You Use Trading Signal Providers?

Over the years, I’ve had many questions about signal providers. Do they work? Are they for everyone? How do you really measure their accuracy? And even, WHY you would provide signals?
The only reason I asked that last question over the years was because I genuinely believed that providing signals would somewhat take the trader’s focus off their own trading.

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Managing Correlations - Should You Split Your Trades
Advanced

Managing Correlations – Should You Split Your Trades?

Correlations between currencies can be challenging to manage, but it’s not impossible. As long as you have a basic understanding of what correlation is and how it occurs between two or more pairs, strap in your seat belts for some excellent techniques!

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