Lot sizing and money management for beginners We’ve all heard that we should risk a maximum of 2 to 5% of our capital per trade. While that is true if you’re a seasoned professional trader, recounting my own experience, the beginner should risk much less when starting out. From my own experience, risking even 1… Read More: Lot sizing and money management for beginners »
Which deposit currency should I choose? When traders first start out, many choose USD as their account’s base currency even when their broker offers accounts in their home currency — it feels good to earn in a “bigger” foreign currency. If your home currency trades at, say, 1.3 to the US dollar, every 1 USD… Read More: Which deposit currency should I choose? »
Just yesterday, I was having a discussion with a trader who uses Abundance Trading Group’s discounts. He mentioned to me that he was slipped >20 pips on his stop loss order on a news event. He trades mostly on the daily time frame. I advised him on a various ways he could minimize slippage and this… Read More: How to avoid or minimize slippage in Forex trading »
What is Last Look in Forex? Last look in Forex is simply the ability for the liquidity provider filling your trade to reject your order, although you might already have hit his price. For example, liquidity provider A (LP A) places a BUY limit order at 1.3500 for EURUSD for 10 lots. You decide to… Read More: What is Last Look in Forex and how does it… »
What is A Book vs B book in Forex trading? What is A Book vs B book in Forex trading? B book brokers trade against you. A book brokers do not. Forex is different from equities or futures trading because your broker can choose to trade against you. This is known as B booking. When… Read More: What is A book vs B book in Forex trading? »
What is the difference between Market makers vs ECN vs STP brokers When I first jumped in the world of Forex in 2010, the same questions faced me. What is a Market maker? What is an ECN? What! Why is my broker trading against me? Isn’t Forex execution the same as the stock market? Ho… Read More: What is the difference between Market makers vs ECN vs… »
Metatrader 4 build 600 changes As most of you know, metaquotes has update Metarader 4 to build 600. Build 600 brings about massive changes from the previous stable version of build 509. For example, trade execution time has been reduced because MT4 terminal does not have to establish a second connection with the broker’s MT4… Read More: How to install custom indicators in MT4 build 600 »