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Complex Forex Position Sizing


In this lesson, we’ll teach you how to calculate for pairs in which your account denomination isn’t one of currencies in the pair currency pair that you wanna trade.
Account Denomination is not in the Currency Pair traded, but the same as the Conversion Pair’s Counter Currency.
Ned is back in the U.S., (we think that he’s actually a super spy just like Forex Ninja, traveling and saving the world in his free time) and today he decides to trade EUR/GBP with a 200 pip stop. To find the correct pos…
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Calculating Position Sizes


to make things easier for you to understand, as usual, we’ll be explaining everything with an example.
Calculating Forex Position SizesThis is Newbie Ned.
Long time ago, back when he was even more of a newbie than he is now, he blew out his account because he put on some enormous positions.
It was as if he was a gun slinging cowboy from the Midwest – he traded from the hip and traded BIG.
Ned didn’t fully understand the importance of position sizing and his account paid dearly for it.
He re-enr…
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Position Sizing


Now that we’ve learned the hard lesson of trading too big, let’s get into how to correctly use leverage using proper “position sizing.”
Position sizing is setting the correct amount of units to buy or sell of currency pair.
It is one of the most crucial skills in a forex trader’s skill set.
Forex Position Sizing
Actually, we’ll go ahead and say it is THE most important skill.
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Traders are “risk managers” first and foremost, so before you start trading real money you should be able …
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What Time Frame Should I Trade?

One of the reasons newbie forex traders don’t do as well as they should is because they’re usually trading the wrong time frame for their personality.
New forex traders will want to get rich quick so they’ll start trading small time frames like the 1-minute or 5-minute charts. Then they end up getting frustrated when they trade because the time frame doesn’t fit their personality.
Know which time frame you should trade on as a forex trader.
For some forex traders, they feel most comfortable trad…
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Trading Multiple Time Frames In Forex

What the heck is multiple time frame analysis?
Multi-time frame ana… WHAT?! Chill out young padawan, it ain’t as complicated as it sounds! You’re almost done with high school – now’s not the time to get senioritis, although you probably got that way back in Grade 12. Ha!
Multiple time frame analysis is simply the process of looking at the same pair and the same price, but on different time frames.
Remember, a pair exists on several time frames – the daily, the hourly, the 15-minute, heck, even t…
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5 Things You Must Have In Your Trading Journal

The answer to that question is simple…Everything!!!
5 Things You Must Have In Your Forex Trading Journal
You record everything you feel and do before the trade, during the trade, and after the trade has been completed.
Trading is a performance skill, regardless of your trading style or method.
Your outcome is determined by how well you analyze the market environment, your ability to create a plan or trading method, how well you execute that plan, and luck.
There are many variables that lead to s…
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5 Reasons To Keep A Forex Trading Journal Read more

Okay, enough with the doom and gloom. Let’s just say that most expert traders keep a trading journal and review their trades consistently.
And you know what most expert forex traders are? Even though some won’t admit it…
They are BALLERS! They got the money. They got the cars. They got the clothes. They got the ice.
We might be exaggerating, but only by a little bit.
Besides helping you in your journey to baller status, there are other personal benefits to journaling…
Defining yourself and your …
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Why You Need A Forex Trading Journal

Forex Trading Journal
Journaling?!?
Isn’t that only for silly high school girls who write about their silly crushes on silly high school boys?
Heck ya!
Ok, not really… high school girls keep DIARIES.
Forex traders keep trading JOURNALS.
Two entirely different things! Get it right! Geez!
Keeping a trading journal is actually a crucial task in any performance or goal-oriented endeavor. The key is to have some way to measure, track, and stay focused on improving your performance.
World-class athlet…
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The Forex Trader’s Guide to Major Economies


Today we’re going to take a trip around the world, but it ain’t gonna take 80 days.
If you’re fast enough to keep up, we can probably get around in just 80 seconds!
…Not!
In any case, we’ll make sure you learn about the nitty-gritty of each major economy and what makes its engine go.
For each country that we will be touring, we’ll start off with a quick peek at the important facts and figures, followed by an overview of its economy.
Once that’s out of the way, we’ll visit the country’s central …
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Scaling In And Out Of Positions

Now that you know how to set proper stops and calculate the correct position size, here’s a lesson on how you can get a little creative in your trading.
For those trading multiple position sizes, you can get really flexible and creative on how you manage your risk by “scaling” in and out of your positions.
What is “scaling” and why would you use it?
Scaling in doesn’t mean weighing yourself before, during and after a trade (although it doesn’t hurt to monitor that too!).
Scaling basically means
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