Trading Tips

The principles of R multiples in forex The concept of R-multiples involves risk and reward. In simple terms, R can mean risk and/or reward, which one can measure on an individual trade basis. This multiple compares the distance of a trader's stop loss against the distance of their profit targets (both measured in pips). Every trader should have specific R-multiples that … [Read more...] about Risk and reward multiples in forex: Why money doesn’t matter

Biases are inherent to human thinking, and traders are not immune to it. Not only can biases affect what trading decisions one makes but also how one analyzes the market conditions. In this article, we take a look at the importance of understanding biases, how they affect our judgment, and how one can use them when formulating trading decisions. Biases and their role in … [Read more...] about Discretionary Forex Trading: Biases And How To Deal With Them

Against the Grain in Forex Price action is the most critical aspect of the forex market. The charts that you study everyday plot the behavior of price action. Interestingly, the movement of price action through time is never a straight line because of the market's complex nature. Different market players react differently to the numerous stimuli in the market. For this … [Read more...] about Tops and Bottoms Picking in Forex: Why, When, and How?

The Basics of Forex Correlation One of the distinguishing traits of the forex market is that instruments are expressed as pairs instead of single entities. When you’re buying a currency, you are also indirectly selling another currency in the pair - and vice versa. In buying a currency, it has the potential to gain strength, while the opposite currency can potentially lose … [Read more...] about Forex Correlations And Taking Advantage Of Connected Forex Pairs

MMT or Modern Monetary theory mentions that any country which issues its own currency will never face any shortage of money. It means that these countries will never run out of cash, unlike many businesses and people who can. This theory was once just a heterodox macroeconomic theory. In the present times, it is a topic of discussion between the economists and … [Read more...] about Modern Monetary Theory Principles