[EDU] 4 Numbers You should Know so to be Profitable in FX
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Here are 4 numbers you should know so that you can become profitable in FX Trading:
*Check out the Formula in the Chart picture*
Position Size
Risk and Reward Ratio
Margin Level
Pip Value (in USD Terms)
These calculations provide essential insights into risk management, trade analysis, and account performance.
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
Welcome and thanks for dropping by my post.
Here are 4 numbers you should know so that you can become profitable in FX Trading:
*Check out the Formula in the Chart picture*
Position Size
- Determine the appropriate position size based on your risk tolerance, account equity, and the distance to your stop-loss level.
- Ensures that you are risking a consistent percentage of your trading capital on each trade.
Risk and Reward Ratio
- Helps you assess the potential reward relative to the risk in a trade.
Margin Level
- This Represents the ratio of account equity to used margin, expressed as a percentage.
- It helps you assess the health of your trading account and whether you have sufficient margin to cover your positions.
Pip Value (in USD Terms)
- Its represents the monetary value of a single pip movement in the currency pair.
- Understanding the potential profit or loss in a trade and is dependent on the position size, pip increment, and exchange rate.
These calculations provide essential insights into risk management, trade analysis, and account performance.
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
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Disclaimer
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