Cut the Cord: A Trader's Survival Guide
How to Cut Losses Wisely: A Trader's Guide
Mastering the Exit: A Trader's Handbook
As a trader, it's inevitable to encounter losing trades. However, the key to success lies in how you manage these losses. By implementing effective strategies, you can minimize their impact and stay on track towards your financial goals.
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I am going to reveal 4 trade management strategies that will change the way you trade forex.
These simple techniques are aimed to minimize your losses and maximize your gains.
1. Trading Without Take Profit
Once you spotted the market that is trading in a strong bullish or bearish trend, there is one tip that will help you to benefit from the entire...
● Jesse Livermore, a successful stock trader, built a fortune of $100 million in 1929. He operated independently, using his own capital and strategies. Livermore preferred trending stocks and used price patterns and volume analysis to decide trades.
● Livermore's Trading Principles
(1) Trade with the trend
A well-known saying is "The Trend Is Your Friend."...
Hey traders,
In this post, I will share with you my tips for trade management in Forex trading .
But first, let me elaborate on what is exactly a trade management .
Trade management is the set of rules and techniques applied for managing of an already active position.
Trade management is a very important element of any trading strategy that should...
Stop loss order is the order that automatically closes your trade once it reaches a specified price target. Learn all about it here.
Table of Contents:
🔹What Is a Stop Loss Order?
🔹Why Stop Loss Orders Matter?
🔹Setting Stop Loss Levels
🔹Types of Stop Loss Orders
🔹Adjusting Your Stop Loss Orders
🔹Summary
In trading, reducing risks is oftentimes all that matters...
When it comes to trading XAUUSD (Gold/US Dollar), there’s no one-size-fits-all strategy. The “best” approach is highly individual, depending on your trading style, risk tolerance, and personal preferences.
In this article, we will explore four popular trading strategies for XAUUSD:
Trend Trading
Breakout and Retest Trading
Swing Trading
Scalp Day Trading
We...
You all heard the statistic, "gambling is more profitable than trading - 13 out of 100 gamblers leave the casino with gains compared to 1 out of 100 traders". Yeah yeah. Nice story. Now tell us the real story. The market is not a casino. Don't compare. What about the thousands of traders making consistent gains?
It's a FACT that most traders quit their trading...
🕒 Big Timeframes: Imagine looking at a painting from a distance – that's the essence of big timeframes. Daily, weekly, and monthly charts offer a broader view of an asset's performance over extended periods. They help you identify long-term trends and major price movements.
📊 Small Timeframes: Now, picture examining a single brushstroke – that's small timeframes....
When an investment's value fluctuates, the amount of money required to bring it back to its initial value is equal to the amount of change, but with the opposite sign. When expressed as a percentage, the gain and loss percentages will be different. This is because the same dollar amount is being calculated as a percentage of two different initial amounts.
📌The...
Price bounced off the 1.2683 support we identified and rose nicely to our take profit target at the 1.2832 level. In this review, we touch on why we used the 1.2832 level and not the swing high at 1.2850 - a lot of this is down to trade management and take profit placement.
Please be advised that the information presented on TradingView is provided to FXCM...
Price reversed beautifully from the sell entry level we forecasted at 0.8988 and has reached the take profit target of 0.8908. The important lesson here is to place your take profit before a key level (vs right at the key level). As you can see in this video, price touched the TP level and took off in the other direction - just missing this crucial bit of...
Important factors that if well approached, will ensure your long term success.
Forex trading is a popular form of investing that involves buying and selling currencies in the foreign exchange market. As with any form of trading, success in forex trading requires a deep understanding of the market and the key factors that impact profitability. In this blog...
Every individual begins their trading journey with the idea that trading is all about winning trades and making money. Soon after their dreams are shattered when they realise it was not as easy as they had thought it would be. Now as we all know, the road to success to many is long and difficult, and that’s exactly what makes them successful. So why should the...
A crucial decsion traders must make on each and every trade they take is lot sizes. What's the ideal lot size to take? What's the metric in which a trader uses to solve this ordeal?
Here's my method:
1.) Start off with a high lot size. Say....7 normal lots.
2.) At this point, when imagining trading with this lot size you should feel a sense of anxiety,...
Three factors for good trade management
Knowing when to make your move is key to being a successful and profitable trader. Here are three things you need to handle to keep on track:
1. Know the probability of the trade
Make sure you know whether your trade is low or high probability and whether it’s against the trend or with it. If a trader goes long in a...
Hey Traders here us a quick video that explains why money mangement is essential to trading success. Regardless of what level of trading education and experience you are this can benefit your trading. Without proper risk management it is very difficult if not impossible to protect your investment capital. Trading is a game of probabilities and in order to come out...
Hey traders,
In this post, I will share with you my tips for trade management.
But first, let me elaborate on what is exactly a trade management.
Trade management is the set of rules and techniques applied for managing of an already active position.
Trade management is a very important element of any trading strategy that should never be neglected.
1....
We used the unfortunate global environment to pinpoint natural gas as a trading opportunity in early 2022. We then used the Olympus Cloud to define entries and exits.
When we are trading on a longer term time frame, such as the daily, and we are confident our fundamental analysis is on point, we will risk up to 4 times more (5-8%) than we do in our high frequency...
