As a trader, you may often wonder how much money you could put at stake and what’s your risk endurance. This is where position sizing comes into play. Here’s a guide on how speculators can capitalize on their trades and minimize their risk using position sizing. What is position sizing in forex? Position sizing refers to the quantum of units of resources put into … [Read more...] about Understanding Position Sizing in Forex
Forex Basics
Top 5 Forex Trading Terms You Need to Know
The forex trading industry has its jargon or special terms that all participants must know. Having a good understanding of certain terms can help you become a better trader. In this article, we will look at some of the most important forex terminologies or jargon that you need to master. Currency pair A currency pair refers to a set of currencies that you buy and sell … [Read more...] about Top 5 Forex Trading Terms You Need to Know
Quote
Beginner traders often feel bombarded by common forex jargon that can confuse and confound their understanding. In order to better one’s understanding of the market and stock phrases that accompany currency data, one has to know what those phrases stand for. In today’s article, we go through the definition of ‘quote’ currency and explain it in context. What is … [Read more...] about Quote
Money Management
Money management is an integral part of managing risks in Forex. It involves using a single method or multiple methods in a consistent manner to ensure there is a peak profit for the trader. The concept centers on safeguarding the capital of the trader by efficient and successful management of the many risks faced during trading. Successful trading aids in the growth of a … [Read more...] about Money Management
Open Order
Every Forex trader has to have sufficient knowledge about different order types to execute trades successfully. In this article, we take a look at open orders and understand a bit more about their risks and rewards. What is an Open Order? As the name suggests, open orders are those orders that are awaiting their execution in the market. Their requirements may be unmet, … [Read more...] about Open Order
