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1. Identify your entry, stop loss, and profit levels
2. Use proper position sizing
3. Determine the type of order you need
4. Monitor your trade
NB: Remember that perfection in performance isn’t a perfect win percentage–it’s about doing all the right things, the right way, at the right time...
1. Double, triple, even quadruple-check your orders
2. Always have a trading plan
3. Take profit on your winning trades
4. Take a step back from trading
5. Withdraw your money regularly
One way to improve your return is to cut down on your costs, which is why Pepperstone is driven to provide traders with low-cost pricing across all forex, CFDs and commodities. With negative balance protection, 24/5 support, and spreads as low as 0.0 pips on major forex pairs, Pepperstone is...
5-8-13 Moving Averages
The combination of 5-, 8- and 13-bar simple moving averages (SMAs) offers a perfect fit for day trading strategies. These are Fibonacci-tuned settings that have withstood the test of time, but interpretive skills are required to use the settings appropriately. It's a...
The Nasdaq 100 index is one of the most popular stock market indexes that tracks some part of US stock exchanges. This index includes 100 major domestic and international non-financial companies listed on The NASDAQ Stock Market based on market capitalization. All major industry groups are...
1. Security. The first and foremost characteristic that a good broker must have is a high level of security. ...
2. Transaction Costs. No matter what kind of currency trader you are, like it or not, you will always be subject to transaction costs. ...
3. Deposit and Withdrawal. ...
4. Trading...
Step 1: Adding the EAs to the Right Folder
First, open the instance of the MT4 Forex Trading platform where you want to add the expert advisor. When this is open, click on File on the top navigation menu, and then click on “Open Data Folder” in the drop-down menu. This will open the data folder...
In the simplest terms, we make predictions and we spend money based on those predictions. There are many tools traders use to make these predictions, from analyzing charts to following major news events.
As an example. Imagine you were reading that England will take a hammering due to some...
Forex trading is essentially the trading of Foreign Exchange. That is where the word comes from. Now we don't mean how our grandparents would have traded currency, or even how many people still trade by going to the bank or other exchanges and paying huge fees to buy foreign currency. Today, we...
1. Define Goals and Trading Style
2. The Broker and Trading Platform
3. A Consistent Methodology
4. Determine Entry and Exit Points
5. Calculate Your Expectancy
6. Focus and Small Losses
7. Positive Feedback Loops
8. Perform Weekend Analysis
9. Keep a Printed Record