Recent content by GeekyForex

1) Position Sizing is a critical aspect of risk management. It refers to determining the appropriate amount of capital to allocate for each trade based on your account size and risk tolerance. If you have a £10,000 account and your strategy sets out 1% risk tolerance, position sizing should...

Yes, range trading is a strategy traders use when there is no clear trend apart from sideways movement. It's a pretty simple concept, identify key levels of support and resistance and buy when prices reach support and sell when they reach resistanc:

I think that probably the easiest technical indicator is the Relative Strength Index. It is a great tool for beginner traders as it provides easy to interpret buy and sell signals. The RSI is shown on the above EUR/USD chart below price action and provides overbought and oversold readings...

For beginner traders the Relative Strength Index takes some beating. It provides clear signals for overbought / oversold currencies as shown below: On the above EUR/USD 8hr technical chart it can be seen how the Relative Strength Index oscillates between overbought and oversold. When the...

Difficult question to answer and depends entirely on your chosen trading style. But two of the most commonly used indicators would be: Trend Line Trend trading is a popular approach that involves identifying and capitalising on the directional movement of currency pairs. Unlike other strategies...