What to look for in a Forex Trading Strategy

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Have you ever found yourself tempted to pull the trigger on a trade that did not meet your rules of engagement (your trading strategy rules)? If you haven’t, then kudos to you! If you resemble the majority, however, then you have very likely been in this position more than once. Despite the title, this will … Continue reading What to look for in a Forex Trading Strategy

How to build a Trading plan: Part Three

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Trading strategies As you can probably imagine, trading strategies vary according to the individual trader. Despite the differences, each trading plan should display clearly defined rules of engagement for both entry and exit signals. A setup is essentially a repetitive ‘pattern’ that provides a high-probability signal to trade the market. Whilst we recommend noting each … Continue reading How to build a Trading plan: Part Three

How to Build a Trading Plan: Part Two

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As briefly highlighted in part one, the staple behind any respectable trading plan will place a strong emphasis on risk and money management principles. What is your overall market risk? Overall market risk is the maximum permissible amount of capital at risk at any one time. As an example, let’s say that we have set … Continue reading How to Build a Trading Plan: Part Two

How to Build a Trading Plan: Part One

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What kind of response do you think you’d receive if you were to ask ten willing traders for a copy of their trading plan? Our guess is less than 30% would reply. This highlights a clear problem and may help address why so many find it difficult to accomplish their goals in this business. A … Continue reading How to Build a Trading Plan: Part One

3 indicators used by traders every day

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Did you know that most trading platforms offer in excess of 100 indicators? This, as you can imagine, often leaves traders overwhelmed, particularly in the earlier junctures of their journey. Before we get into the ‘meat and potatoes’ here though, remember that the best indicator will always be the one that suits YOUR trading style … Continue reading 3 indicators used by traders every day