If you gave yourself a monthly returns goal in Forex trading, you would self-sabotage yourself into the ground. Talking about monthly returns is glamorous and all, but it’s never something a real trader should have. Let’s talk about why in Episode 20 of the Forex Q&A Podcast.
So your trade is winning, now what? What you do right now determines the strength of your overall money management. The strength of your overall money management determines how high or low your account goes. Listen up.
The Heikin Ashi indicator is the “Easy Button” of Forex trading. If you’re smart, this should be a red flag. It would be great if we could use it and win with it. Can we still do that?
We need to define these first. What I’m referring to is using a 2:1 or 3:1 Profit to Loss ratio to trade Forex. Meaning, on a 2:1 ratio, if your stop loss is at 80 pips, your take profit level is at 160 pips. It now becomes a morbid race to see […]
Money Management in Forex is everything. But it’s also a broad topic. Let’s narrow it down and give you something you can actually use right now.
How did you get this far without knowing where to set your leverage? You like money, right? Hate losing it? Yeah, me too. Listen up.
Everybody wants to know. As a guy who has tested thousands of Forex indicators, on all different time frames, on so many different settings, on every currency pair combination of the 8 majors…. Which one is the best? How you react to my answer, especially after you’ve read the whole blog post, will […]