Guides

What are the benefits of the Commitment of Traders report in forex? In this piece of writing, you'll discover the significance of the CoT in providing traders an idea of the positions of the most prominent market players.  One of the biggest challenges with forex is that no actual order book exists providing information on the positioning of the various participants. … [Read more...] about This Is Why You Should Be Using the Commitment of Traders Report in Forex

As the saying goes, there is more than one way to skin a cat. Scalping is a popular trading approach in forex because of the quick realization of profits. Unlike more long-term strategies like swing and position trading with high levels of uncertainty, scalping presents a constant flow of opportunities. Despite the tremendous attraction of being a scalper, it's still a very … [Read more...] about 7 Things to Consider Before Scalping in Forex

A lot of the common literature on what to risk per trade often centers around a defined percentage, typically 1, 2,3, or even 5. Ultimately, this metric is the only thing within a trader's control and is the foundation of position sizing and money management overall. On the surface, this fixed percentage model seems logical. Yet, it misses one key component, and that is the … [Read more...] about Risk Percentage per Position vs. Risk per Unit of Time Model in Forex

The year 2005 was significant for two reasons. For starters, the massively popular MT4 trading software was released by MetaQuotes. Secondly, in the same year, investors and brokers realized how the sharing of trades could become more seamless and cheaper. Instead of expert traders broadcasting their positions in chat rooms for others to follow, they could host their … [Read more...] about All About Copy Trading in Forex