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As the plan of a house is to an engineer build a house so also is trading plan very important to forex traders. Trading plan says alot about how you execute your trades, manage your open trades and close to cash in the profit as we all expect. A trader without a trading plan is a builder without...
Money management is the most important aspect of forex trading. Money management can be compared to the fuel in the tank of a car. The higher the level of the fuel in the car the farther and more distance it can cover. The better you are at money management will determine to a very large extent...
There is no perfect time frame to trade it all depends on the individual trader. Some traders consider one minute timeframe as too noisy but it is the perfect trading time frame for others. The most important thing to know is which type of trader are you? A scalper or a swing trader. The type of...