Analysing your trades in forex trading is essential for continuous improvement and better decision-making. This comprehensive guide will walk you through the process step by step, helping you assess your trades effectively. Step 1 – Gather Necessary Data Collect all relevant data for each trade: Step 2 – Review Your Trading Plan Step 3 –…
Embarking on your journey as a forex trader can be both exciting and overwhelming. One of the fundamental concepts you’ll encounter is “leverage.” Think of leverage as a financial magnifying glass that can amplify both your potential gains and losses. In this article, we’ll break down the concept of leverage using simple analogies to help…
Forex trading can be an exciting and potentially profitable endeavour, but it also carries significant risks. One of the most common and critical mistakes made by traders is not predefining the risk before entering a trade. Failing to establish a clear risk management strategy can lead to devastating losses and erode trading capital over time….
In the world of trading, precise entry points and effective stops are essential, but a comprehensive approach also considers target prices and risk-reward ratios. In this engaging blog post, we will delve into the importance of setting target prices and understanding risk-reward ratios. By incorporating a 4:1 risk-reward ratio into your trading strategy, you can…
Before embarking on this journey, A beginners guide to forex, I want you to know we are here to help you. With everything in life if you have a good reasons to do something generally you have a better chance of success. So i would encourage you to write down your WHY as short term…
