In Forex, drawdown is something we always need to keep an eye on. But are we even looking at it the right way? I don’t think most people are.
We trade the daily chart here, because the advantages are tremendous. But could we do even better if we drilled down to smaller time frames sometimes?
You’re winning a trade, and it’s trending beautifully. You want a bigger part of this. Is there a way to leverage up here?
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.
This is an unconventional Heiken Ashi trading strategy, but it’s the best move you can possibly make with this thing. The Heiken 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. […]
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 […]
Forex Risk Management is the single most important thing to master. 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.
Yes, the ATR (Average True Range) is my #1. It’s not even close. And I have tested thousands. Most people aren’t going to like this answer because the ATR does not predict price movement, and this is “boring”. Those people are doomed to fail. This site is not for them anyway. […]