One of the most important elements of profitable forex trading consists of prudent money management. While it may not sound glamorous, knowing about forex position sizing could save you considerable ...
A pip is a measurement of movement in forex trading, used to define the change in value between two currencies. The literal meaning of pip is ‘point in percentage’, and it is the smallest standardised ...
Many Forex scalpers have plans for stop placement, but often forget about position size! This can be devastating to a traders account in the event that too much leverage is used when an inappropriate ...
The concept of ‘swing trading’ falls somewhere between trend following and day trading strategies. A swing trader may consider holding his USD/ZAR position overnight or for at least a longer period ...
Let’s talk about something that doesn’t sound flashy but will make or break your trading account: position sizing. If you’re a prop trader, this is even more important. Prop firms have strict daily ...
Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Chip Stapleton is a Series 7 and Series ...
James Chen, CMT is an expert trader, investment adviser, and global market strategist. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in ...