The Commandment I : You ShouldConstantly Guard Your Capital Without capital, you’ve got nothing to trade. Buyingand selling any forex, by means of nature, has evident risks involved. However,you need to put down your capital on the table to gain profit. It is notfeasible to be right all the time, consequently, you need to guard […]
Forex Basics4 Videos
A Question to FX Experts –Do I have to become mechanical forex trader in order to avoid Forex margin call?
I’ve known a Forex Expert who has over 10 years of Forex trading experience as proprietary trader at hedge fund asset management firm. I’ve asked him if I have to trade mindlessly to avoid margin call and I’ve organized his answers below: Many traders think that they should enter a position mechanically and exit the […]
How do you determine the position size? Theposition size is counted in units of Lots. There are two aspects to look atwhen trading: account risk and trade risk. Following is the steps to identify thelot size. Limit the account risk for each trade. Most importantly, you should only risk 1~2 % of your account. […]
Forex slippage is more likely to occur intimes of higher volatility (perhaps due to market events) and it makes a marketorder at a specific price impossible to execute. Such times are when largeorders are executed, when market orders are used and when there is not enoughinterest at the desired price level to keep […]