Money management in FOREX trading is very important. You can not be a successful trader long-term, if you do not apply the basic principals of money management to your trading strategy, and every time you make a trade. Money management is all about managing risk. A lot of books on FOREX present money management as ...…
[box] Calculating Take-Profits [/box] Take-profit order in FOREX lets you fix profit at the predicted price level, when market reaches it. Take-profits are very convenient, and in combination with stop-losses fully automate your trades. You just open a new position, set take-profit and stop-loss, and then you can safely leave your desk. Many terminals such ...…
Stop-loss orders are essential for a wining strategy. You simply cannot trade successfully if you don’t use stop-losses. If you open position without stop-loss, your entire deposit becomes your stop-loss. Obviously, it’s just stupid to risk the entire deposit for the sake of only one trade. On the other hand, stop-losses make you nervous, and may ...…
Trading FOREX using high-quality third-party signals is easy, but in order to stagy profitable, special rules must be applied to maximize profits and minimize losses. If you base your strategy on signals, you reduce the stress associated with technical analysis, and you save your time. This is definitely an advantage. But if you base your ...…