Next, I’ll discuss the different brokers and platforms available. Before anything else, I would strongly suggest that you choose one of the more established, well-known brokers. Trust me on this! The retail forex industry is still relatively young and it does not have the same regulations and rules to follow as a lot of other traded […]

Position size is the single most crucial element in your trading, more than a correct entry or a correct stop. More than any strategy or self-psychological control ability, position size can make or break your trading career. Therefore, don’t take it lightly because it is truly the “holy grail” of trading. After trading for a […]

It may seem a little confusing at first but really, it is quite simple. Forex is a leveraged financial instrument, as is Options, Futures, CFDs, Warrants etc. You trade Forex in ‘lots’. That is basically the industry standard, but there are brokers out there that do things slightly different. For example, Oanda trades in ‘units’, but they can […]

There are several currency pairs that can be traded, but the majority of traders just stick with a group of about 8 to 10 pairs. First up, we have what they call the ‘majors’. These are by far the most popularly traded currency pairs. The majors include: EUR/USD Euro against the US dollar USD/JPY US dollar […]