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Risk Management In Forex Trading

Advice on how to manage risk when trading the Forex market. Different strategies are discussed, with general advice on growing a trading account.

Learn to Trade Forex From Top Poker Players!

Don’t be surprised when you hear of poker players who become Forex trading millionaires. Poker and forex trading, despite the fact that they are very different, require several similar skills. These in general sum up in a unique mindset of confidence, discipline and risk and money management excellence with a sole target of making money. Great poker players have learned to accept their losses as they are confident that in the right moment when the odds are to their favor they will risk and generate profit. When these attributes are applied in Forex trading the outcome can only be huge profits!

How Much Money Do I Need to Begin Trading Forex?

Forex trading has become very popular and one of the main reasons is that it can easily be accessed by almost anybody due to the very low entry barriers, compared to other forms of investments. The question that always comes up with novice traders is “How much money to invest?” Whilst still a beginner, instead of considering what amount you need to invest, make sure you know at least the basics of trading. This can be easily done by opening a demo account where you can practice with virtual money and do trades as if in a real life environment. Following that, take into consideration that even though you can begin trading with as low as one dollar the most common minimum entry amounts are from usually from one hundred to ten thousand dollars. There is no magic number to enter the currency market but I always recommend beginning with a small deposit and one that does not entail very high risk in case of temporary losses. Gradually as you gain more experience and complete more and more successful trades you can increase the numbers going for larger profits and risks.

Price Action Forex Trading and How You Can Benefit

Learn what is price action, how to trade it and why it is so important. Discover how to make money trading price action strategies.

Forex Exit Strategies

A discussion on different strategies to exit a trade. The advantages and disadvantages of different types of stop-loss.

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