We had covered several important topics this week - Money Management, Risk Management, Correct Use of Stops, Position Sizing, how much to risk in your trades, and other topics - all of these topics are designed to encourage our members to follow a trading plan and money management policies, incorporating both risk management and money management together in their trading. Without it, your trading plan is incomplete.
Incorporating money management into technical analysis and day to day trading requires taking advantage of technical systems and strategies which enable us to follow these principles. Before you take the trade, you are in control - once you pull the trigger, however, the market takes over and you are no longer in control of the outcome. Trading a game of probabilities - so you should control whatever factors you can. The only factors still in our hands after a trade is initiated are Risk Management and Money Management.
What I have covered today are the basics - the fundamental stepping stones of what we follow here in our Live Forex Trading Room - and next week we will return to cover more trades based on our techniques, more setups, and more interesting discussions.
Visit http://www.fxinstructor.com to learn more.
Duration : 0:9:7
This lesson reveals 2 of the most common sources of confusion experienced by most Forex traders. Discover how to avoid being deceived by the hype and dazzle in the Forex industry.
http://clk.atdmt.com/FXM/go/nfrsieng0100000402fxm/direct/01/
This is one of my forex trading signals videos where I share my forex trading system by forecasting which forex news events are coming up next and how to trade them.
StrategyDepot.com Forex Trading Strategy presentation. Visit us today at StrategyDepot.com for Unlimited Access to all Forex Strategy eBooks, Forex Training Articles, and MetaTrader 4 Experts.
Felix Homogratus checks whether MB Trading forex broker provides natural and real trading environment
This series of videos are a look at my trading system and how I go about finding, entering and exiting stocks with the goal of capturing large trends.
http://clk.atdmt.com/FXM/go/nfrsieng0100000402fxm/direct/01/
The day started with a great USD trade and ended with a great CAD trade. A good day indeed. The market must have read the textbook! We waited and waited for confirmed currency correlation between the majors with a break of the 200 EMA across the board. Pivots and Fibs helped find the target. The CAD trade, based on the oil report, was a great 38.2% retracement to 161.8% extension for the CAD/JPY. The USD/CAD hit the S1 and stopped at the same time we were topping out on the other pair. Beautiful.
This video will show you how to make money using our 4 Hour Statistical Forex Trading System. Also includes info on FX Multimap, Trend Reversal and other tools
