Value Per Pip with Forex Currency pairs – USDJPY How to find the ‘Value Per Pip’ with the YEN Here are the trade specifics: Portfolio size: $5,000Max risk percentage per trade: 2% ($100) Trade type: Buy (go long)Currency pair: USD/JPY Entry price:...
Most Dangerous Emotional State for a Trader You’ve heard the saying that greed and fear drives the world markets. However there is one, even more, dangerous trading state that not only helps drive the market, but is also the reason why only around 3% of traders’...
Fibonacci Trading Explained in a Conk Shell After being in the markets for 20 years. I have finally decided to write almost everything I know about the famous Fibonacci trading technique, how to trade it and understand it fully. I thought the best way to right this...
This affected me – and I’ve been trading for 20 years! After being in the markets for 20 years. And running a trader service for 10 years. It affected my own trading… All of a sudden the trades I took were watched and monitored by thousands of...
How to EXIT a trade the RIGHT way When to EXIT a trade the right way A trading system’s entry is just as important as a trading exit. You might think, it’s just where you place your take profit – but it’s not. You see, during market volatility and irrationality of...