The best trading strategy is trade management. There are many trade strategies and if used correctly these can make great profits. However without good trade management most traders will lose money.
FAQ Category: Learn to trade
There are many free learn to trade resources online and their are countless numbers of paid courses. Are any of these worthwhile?
Stop size should be determined by testing of the trade strategy you are using. There is no fixed stop size that fits all strategies.
A martingale strategy is a money management technique that double the risk of each trade after a loss. This type of trading can easily destroy the trading account as losses increase exponentially.
Of the two key trading ratios, the win-loss ratio is the easiest to explain. Take a series of trades and measure how many win and how many lose.
Although well meant, this is the wrong question for a new trader to ask. Trying to make lots of pips is not a successful approach to forex trading. Successful traders concentrate on risk management.
A successful and profitable strategy for one trader can be a poor and big losing strategy for another even if they are trading it on the same market at the same time. It’s the management of the trade and your trading trade after trade that makes the profits, not the strategy.
There are quite a few considerations when learning to trade and finding a course to help you. Remember the things that trading and trading courses aren’t: There is no ‘get rich quick’ with trading Learning to trade is hard There are no secrets A course has to provide the following: A foundation in trading psychology …