Stop Loss Orders in Forex

Stop Loss Orders in Forex

The fact of the matter is that the Forex market can be very unpredictable, which is why stop loss orders are so important. A stop loss order is one of the primary tools which a trader has at his or her disposal in order to avoid large losses. Today we want to take a closer look at exactly what stop loss orders are, why they are important, and what the different types are.

What are Stop Loss Orders?

Stop losses are a special type of order which can be executed on trading platforms and via your brokers. This is an order designed to limit losses in the even that the market goes in the opposite direction of a trade that was placed.

SL orders are set at a specified amount of pips away from the starting price. For instance, you can set these orders so that if a trade moves 10 pips against you, the trade will close on its own and save the rest of your investment, thus limiting the amount of money lost.

So, in essence, if you place a buy order, but the price goes down, a stop loss order would prevent you from losing the full investment.

The fact of the matter is that markets, especially the Forex market, is very volatile and often unpredictable. No matter how much work and analysis you put into your trades, things can always go wrong, and this is where SL orders come into play.

Stop Loss

5 Forex Stop Loss Strategies to Know

Here we have 5 different stop loss strategies that you can employ in order to limit losses in the event that a trade goes south.

Using Static Stops

One way to set a stop loss is to set it at a static price point, which means that you set it at a certain point and do not expect to move or change it. This is a really simple way to set an SL and it allows traders to easily set a one to one risk to reward ratio.

In other words, if you want to keep your risk to reward ratio at 1 to 1, you can set your static stop loss at 50 pips below the entry price, while setting the take profit at 50 pips above the entry price. This is by far the simplest way to set an SL order.

Setting Static Stops with Indicators

This method of setting SL levels is much like the first one we just looked at. However, this one also involves the use of indicators. Some people use indicators such as the ATR (average true range) to do this. The big bonus here is that instead of setting an arbitrary SL, traders use actual technical market information to set the stop loss.

The bonus here is that traders can accurately analyze risk management options by using indicators such as pivot points and price swings and by using recent market information. Unlike simple static stop losses, here you actually use market information to make your decision more accurate, reliable, and less costly in the even that a trade goes south.

Using Manual Trailing Stops

For those Forex traders who want to exercise maximum control over their trades at all times while those trades are open, using manual trailing stop loss orders is a good way to go.

In other words, this type of SL involves a trader needing to pay close attention to open positions, because the trader will manually move the stop loss according to what is unfolding in front of him or her.

In essence, the further a trade moves in favor of your position, the further the SL order is moved to accommodate this. Then, when the market trend finally reverses, the position will be stopped out.

Stop Loss

Trailing Break Even Stops

This specific type of trailing stop loss is similar to the other one we just looked at, but it allows for even better money management and risk management. Once again, a trailing SL is where a trader can adjust the SL level as the trade moves in his or her favor.

This is of course an attempt to mitigate as much risk as possible in the event that the trader makes a wrong decision and the market moves against him or her. The point here, for example, is that if you set the stop order to 50 pips below the entry price, if the price moves up by 50 pips, you can then adjust the stop order, say by 50 pips.

Now, your SL order would actually be at your break even point, or in other words, at the entry price. This is why this type of SL is also referred to as a trailing break even stop loss, because at the end of the day, the aim is to set the SL at the entry price, so that if a trade goes south, no money will be lost.

The Fixed Trailing Stop

The fifth and final type of SL order that we want to talk about today is the fixed trailing stop order. This type of stop order is like the other types of trailing stops, with the difference being that the trader sets the increments in which the stop loss order adjusts.

In other words, instead of manually having to adjust the order every time the market moves in your favor, you can set your trade to automatically adjust by a set amount of pips when the market moves in your favor. These automatic adjustments will continue until the trade is closed or until the stop order is hit.

Stop Loss Orders – Final Thoughts

The bottom line is that when it comes to Forex trading, the stop loss order is indeed one of your best friends. You won’t always be able to place the right trade, and when the time comes, you will be thankful that you learned all about SL orders. They can end up saving you a whole lot of money!

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Choosing the Best Currency Pairs

Choosing the Best Currency Pairs

In Forex trading, to make a profit, you need to use the right tools, have a bit of knowledge, and you need to choose the best currency pairs too. Of course, Forex is all about betting that one currency will increase or decrease in value against another. Some currency pairs are more volatile and profitable than other, so what are the best currency pairs?

As a newbie trader, you may have a hard time finding the best currency pairs to trade with. No worries, because this is completely normal. Folks, finding the best currency pairs for Forex trading is not all that hard, especially if you follow the steps which we are about to outline here today. Let’s get right to it and help you find the best currency pairs for Forex trading.

Choosing the Best Currency Pairs: 3 Simple Steps

To find the best currency pairs for Forex trading, there are 3 simple steps which you need to follow, steps which we will outline right here and now.

Step 1: Correlation Between Forex & Gold

Something that many traders out there don’t talk about is that there is a really strong correlation between Forex and gold. Gold is a massive safe haven asset out there, which means that many investors and traders put their money into gold because it is relatively safe.

The fact of the matter is that there is a very close relationship between Forex currency pairs and gold, and yes, this is very important when it comes to choosing the best currency pairs for FX trading. What you need to do first here is to figure out whether the price of gold is going up or down for the given day.

Use your charts and indicators to figure out whether gold is going up or down. Now, once you have this figured out, you can then start trading certain currency pairs. There are various pairings which will always act a certain way when compared to the price of gold.

  • Gold and the USD have a negative correlation, so when the price of gold goes up, the USD goes down.
  • Gold and the AUD/USD pairing have a positive correlation, so when one goes up, so does the other.
  • Gold and the NZD/USD pairing have a positive correlation, so when one goes up or down, the other does the same.
  • Gold and the USD/CHF pairing have a negative correlation, so when one gold goes up, USD/CHF goes down.
  • Gold and the USD/CAD pairing have a negative correlation, so when gold goes up, USD/CAD goes down.
  • Gold and the EUR/USD pair have a positive correlation, so when gold goes one way, EUR/USD goes the same way.

Step 2: Correlated Forex Pairs

The next step to choosing the best pairs for Forex trading is to look for pairings that have opposite or negative correlations. This means that when one pairing moves one way, the other pairing will move the other.

The fact of the matter is that finding price directions and trends is easiest to do when you compare negatively correlated Forex pairs.

If you can find out which way one pairing is moving, it is then quite easy to see which way the negatively correlated pair will move. So, what are some of the best currency pairs which are negatively correlated?

  • EUR/USD & USD/CHF
  • GBP/USD & USD/JPY
  • GBP/USD & USD/CHF
  • AUD/USD & USD/CAD
  • AUD/USD & USD/JPY

Step 3: Look for the Big Movers

The final step to finding the best pairs for Forex trading on a daily basis is to go look for the big movers, the currencies and pairings which are the most volatile and will see the biggest price movements. A great idea is to go to both investing.com and tradingview.com to find the biggest movers.

Tradingview.com is an especially good option to go with as these guys have a great Forex screener which displays currency pairings that are showing strong buy or strong sell positions. Once you figure out which currency pairs are the biggest movers, you can then start trading with them.

The Most Profitable Forex Currency Pairs

The fact of the matter is that there are great pairs to trade with, and there are ones which are not great. This is especially the case during a market downturn.

When it comes to a market downturn, you do want to stick to trading with currencies that are very volatile. If the currencies are not volatile, then there is not much point in trading them. So, what are some of the best currencies to trade with during a market downturn?

Well, there are 3 main currencies which are considered to be safe havens. These are currencies that do not do weird stuff or move in unpredictable ways. The fact of the matter is that you don’t want to trade exotic currencies because they won’t respect your indicators and are super unpredictable.

The best currency pairs for Forex trading are USD/CHF, USD/JPY, and EUR/USD. Another pair which is very reliable to trade with is XAU/USD (XAU is not actually a currency. It is the market abbreviation for gold).

Something else to think about here is correlation. It is important for you to know that the USD/CHF and the USD/JPY pairings have a positive correlation, so both usually move in the same direction. On the other hand, when the USD/CHF and USD/JPY does one thing, the EUR/USD pairing will move the other way, as they are negatively correlated.

The Best Currency Pairs for Forex – Final Thoughts

Remember people, when it comes to choosing the best currency pairs for Forex trading, there are 3 main steps to follow. First, always remember that certain currency pairs feature negative and positive correlations with gold. Second, remember that the best currency pairs to trade are those which feature negative correlations. Third, use trandingview.com and the Forex screener to look for the biggest movers. If you follow all of these steps, making a profit in the world of Forex should be much easier for you.

 

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The 7 Basics of Forex Strategies

The 7 Basics of Forex Strategies

When it comes to the world of Forex, something you really cannot do without are trading strategies. Yes, Forex strategies are very diverse and there are plenty of them to go around, hundreds in fact. If you plan on actually making a profit in foreign currency exchange trading, you need to have a solid plan in mind.

In other words, you need to have a mastery of various Forex strategies in order to profit. Without the right knowledge, skills, and some solid strategies in your arsenal, chances are pretty big that you will not see success anytime soon. Yes, FX trading is much harder than the pros make it look. Now, today we do not want to focus on specific Forex strategies for profitable trading.

What we want to focus on here are the basic components and the fundamentals which go into creating and using Forex strategies the right way. Specifically, today we want to cover the 7 basic components that you need to prepare for in order to make your Forex strategies work for you.

Forex Strategies

The 7 Fundamentals of Forex Strategies

Alright, so as we mentioned above, there are 7 vital components to every Forex strategy. More than that, these 7 fundamentals are crucial to master and to keep in mind at all times when you are trading, and this is regardless of the specific strategy you plan on using. If you follow the 7 tips that we have outlined below, you should be able to make any and every Forex trading strategy work to your advantage.

Money Management

Perhaps the most important component that you need to factor into all of your Forex strategies for Trading is money management, which is another way of saying risk management. Of course, the risk of losing money is an inherent part of trading FX, as well as with stocks, commodities, and so much more. What you need to know here is that losing money is inevitable.

No, we don’t mean losing everything, but losing a trade here and there is going to happen no matter how well prepared you are. This is the nature of the game. However, it’s all about how well you manage your money and the risk of it all. In other words, never risk more money than you can afford to lose comfortably, so no using your rent or mortgage money to trade currencies! Don’t use it if you can’t afford to lose it.

Time Management

The next important component of Forex strategies for profitable trading is time management. No, of course, you cannot spend the live long day trading, especially if you have a day job. However, equally as important to know is that profitable traders do spend all day trading, with many being full time traders who make all of their money in the world of FX.

Now, if you have a day job, you will still need to dedicate at least a few hours per day to trading, at least if you plan on being successful. The reason why people who trade for only an hour each day usually are not successful is because they miss the best opportunities. Simply put, you always have to be on the lookout for the best opportunities by keeping an eye on the market whenever possible.

Starting Small

Something that you always need to do, particularly if you are newbie testing out new Forex strategies, is to start off small. By this, we meant that you should stick to the smallest lot sizes possible and never invest a large chunk of cash into any one trade. If you are not yet very experienced, risking so much money is not worth it, especially considering that due to your status as a newbie, things are likely to not go your way.

Therefore, it’s best to start small. Moreover, by starting small, we also mean that you should not place a very large number of trades per day. Just like with anything else out there, it’s all about quality, not quantity. Also, having too many trades open at once makes things hard to track. It’s best to practice with some Forex strategies and master them before you start trading high volumes.

Being Consistent

The next important basic of Forex strategies, no matter which one you use, is that you need to be consistent with it. Now, this only applies if you are using a proven strategy that has shown results in the past, either for you or others.

However, the point here is that you need to keep things the same and constant. If it works, don’t fix it. You need to stick to your plan, especially if it is a good one. Don’t veer off course, don’t let your heart and your emotions tell you what to do, and don’t start changing things up if there is no need. Consistency is key.

It’s All About the Timing

Something else to keep in mind in terms of using various Forex strategies as a newbie is that timing is very important too. As a beginner, it’s best not to start trading right when the market opens up or right when you open up a chart.

As a newbie, you want to take your time, you need to evaluate the best course of action, and you need to strike while the iron is hot. That said, rushing into a trade too quickly is not a good idea. So, if you see a profitable opportunity, take it, but don’t execute lackluster trades just so you have made a trade.

Getting an Education

If you want to learn everything there is to know about Forex strategies, what they are, how to use them, and so much more, it’s best to get educated. FX trading is not something you can just do successfully without any training. It takes a lot of hard work and skill to get to a level where you are profiting on a consistent basis. Therefore, getting a solid Forex trading education is crucial.

Practicing with Demo Accounts

Finally, you do want to get some practice in. There are plenty of brokers and platforms out there that come with free demo accounts where you can trade using fake money. Before you start using new Forex strategies, test them out using such a demo account, just to make sure that you know what you are doing.

The Basics of Forex Strategies – Final Thoughts

There you have it folks, the 7 basics of Forex strategies for profitable trading. Now that you know what these fundamentals are, you can get to mastering some simple Forex trading strategies that will put money in your pocket!

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Swing Trading for Beginners 2020

Swing Trading for Beginners 2020

Today we are here to talk about swing trading for beginners, a little introduction to let you know what it is all about. When it comes to trading the markets, whether stocks, crypto, Forex, or otherwise, making a profit can be very challenging. In fact, making money is much harder than losing it.

What this means is that you need to discover a way to trade that actually works for you, something relatively simple that can put money in your pocket. One type of trading that you might want to familiarize yourself with is swing trading.

Swing trading is a special type of trading, and no, it is not the same as day trading. Swing trading involved executing positions over fairly long time frames, anywhere from a few days to a few weeks.

The point of this type of trading is to make a profit when the price of an asset swings up or down. Sure, there is more to it than this, but this is what we are here for today, to provide you with a little swing trading for beginners 2020 guide. Let’s get right to it!

Swing Trading

Swing Trading Explained – The Basics

What we want to make clear right from the beginning is that although swing trading might seem a bit intimidating, it is actually quite easy to master. Most people find that due to the long time frames which positions are open for, it’s actually a much more relaxed way to make money in the markets. For those of you who don’t know, the number one goal of swing trading is to identify market trends and trend reversals, and then to capitalize on them.

The reason it is called swing trading is because the number one goal is to make money when the price of something, say a currency pair, swings up or down. In other words, it is all about capitalizing on the reversal of a particular price in order to make a healthy profit. For the most part, pro traders will stick to intermediate or long time frames, sometimes as little as 3 days, and sometimes as much as a full month, or even longer.

Something else that you need to know about this type of trading is that it involves using a variety of technical indicators in order to identify both trends and trend reversal. More often than not, these trend indicators are used to find trends that occur in the previous 3 to 15 periods of trading. The point of this whole exercise is to identify areas of support and resistant, which can then identify trends and possible trend reversals. Keep in mind that swing trading combines various aspects of day trading with position trading, particularly the speed of position trading.

The goal of using these technical indicators is to find both bullish and bearish trends, and then to look for reversal to those trends. Keep in mind that reversals can also be referred to as counter-trends or pullbacks. Once you have identified a reversal, you can then use various methods to find the ideal entry points for positions. It’s all about entering a trend right before a reversal, and then to capitalize on said reversal.

The 4 Benefits of Swing Trading

Now, you might be wondering why you would engage in swing trading, as opposed to something like day trading. Well, the fact of the matter is that there are a few key benefits to this type of trading that you might not know about.

No Wasting Time

When it comes to other types of trading, such as day trading, as well as scalping, you have to constantly be paying attention to your positions. You need to be glued to your monitor in the event that something doesn’t go your way. However, this is not the case with swing trading.

Due to the fact that the time frames for these trades are so long, you don’t have to constantly monitor your trades. Yes, you do still want to keep an eye on things, but you don’t need to have your account or trading platform open 24/7.

Simply put, swing trading tends to be much less stressful due to the long time frames, and therefore it’s much easier for beginners to keep track of.

Eliminating Market Noise

Another reason why you might want to consider swing trading as your primary method of making money on the market is because it goes a long way in eliminating market noise. No, it does not get rid of all market noise, but it certainly helps.

For those of you who don’t know, market noise is defined as data, financial news, or minor price movements which can distract investors and traders from the underlying value of an asset. This is not a good thing, and the less noise you suffer from, the better your end result will be.

Less Risk & More Reward

Another thing which many professionals enjoy about this type of trading is the fact that it involves slightly less risk compared to a higher reward. Other types of trading, such as day trading and scalping, although they can bring great rewards, are also quite risky to partake in. However, swing trading is less risky and offers great rewards, thus making it ideal for beginners.

Using Technical Indicators

The other reason why you might want to consider swinging your trades is because it relies solely on technical indicators to put strategies together. Using technical indicators, when used the right way, can be extremely reliable, thus increasing your chances of making a profit.

However, there are many other types of trading out there which rely much more on speculation. Speculation is fine if you are an experienced trader, but not if you are a newbie.

Swing Trading Explained – Final Thoughts

The bottom line is that if done right, swing trading can be a relatively safe, stress free, and low risk way to make decent profits. If you would like to find out more about swing trading, we recommend checking out the Income Mentor Box Day Trading Academy, as well as Andrew’s Trading Channel on YouTube!

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Why Choose Income Mentor Box?

Why Choose Income Mentor Box?

OFFICIAL SITE: INCOMEMENTORBOX.COM

If you are new to the world of day trading, chances are that you are intimidated by it, and Income Mentor Box knows this. The fact of the matter is that Forex and other types of trading can indeed be very profitable.

However, there is also the fact that there is a lot of risk involved. You can’t just start trading one day and think that you will make tons of money. In fact, if you don’t have the right training, knowledge, and experience, chances are that you will end up losing tons of money.

That said, getting an education in Forex and day trading in general doesn’t have to be hard. This is where the Income Mentor Box Day Trading Academy comes into play.

You may have heard about the Income Mentor Box Day Trading Academy before. Yet, you may not know if it is worth your money, if it is trustworthy, or if you will actually learn something. Well, today we are doing an Income Mentor Box review to figure out whether or not it is worth your time and money. Should you learn how to day trade from these guys?

Income Mentor Box

A Fully Comprehensive Course

One notable aspect of Income Mentor Box is that when you join, you get access to a fully comprehensive course. Sure, there are other trading schools out there, but many of them are really short, they aren’t comrpehensiver, and they only teach you some basics. This might be fine if you are looking for minimal education, but not if you are a newbie looking to become a pro trader.

With Income Mentor Box, you get access to 5 modules, each with over 10 classes in them, and each class is quite long, some up to 30 minutes or longer. It does start off with the basics and terminology, but quickly moves onto things like indicators, charting solutions, trading strategies, and more. This is one of the only places out there where you can receive a full, comprehensive, and formal trading education for Forex and more.

 

It Has a Real Leader

Something that many people wonder about Income Mentor Box is who the person behind it is. This is of course a fair question, because there are plenty of so called classes and school out there where the teacher is nothing more than a fraud. In many cases, the teachers simply don’t know anything, which is of course quite the problem. This is not the case here.

The leader of the IMB Day Trading Academy is Andrew. A. Andrew should be familiar to you if you are active online. He has several social media accounts, he has a YouTube channel and more. In other words, this man is the real deal, he is not some fraud or phony character. Take a look at Andrew’s Trading Channel, and you will see that he knows what he is doing. Personally, there are not many people we want to learn from, but he is one of the few.

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Income Mentor Box is More than Just Forex

Something else to keep in mind here is that Income Mentor Box is a day trading academy, not just a Forex trading academy. Many people assume that they will only learn how to trade Forex here, but this is not the case. Yes, the focus is mostly on Forex, but you will also learn about trading cryptocurrencies and stocks too.

Free Access to A Forex Signals Service

One of the best aspects of this Income Mentor Box Day Trading Academy is how you also get access to a Forex signals service when you join. For those of you who don’t know what a signals service is, this is a service where you get daily Forex trading signals. These signals come complete with entry and exit points, as well as stop loss and take profit levels which are already set.

All you have to do is copy and paste the signals you get into your broker or trading platform of choice. It’s an easy way to make quick money without having to know much or really do any work at all. This is a huge benefit indeed, and keep in mind that services like these usually cost a whole lot of money.

 

Income Mentor Box is Cost Effective

One reason why many people love Income Mentor Box is because it’s not overpriced like so many other trading schools out there. Here, you pay $299 one single time, and that’s it. For those of you who don’t know, courses like these can cost thousands of dollars, making this course one of the most cost effective options around.

 

You Can Take Your Time

The other notable fact here is that you can take as long to complete the course as you see fit. You can take 2 weeks or 2 years. Moreover, once you become a member, you have unlimited lifetime access to all course content, so you don’t have to rush through it.

 

Income Mentor Box is Easy to Follow

What we personally love about Income Mentor Box is that it is truly designed for newbies. Sure, there is no doubt that experienced traders can still learn some valuable info here, but in all reality, this course caters to newbies. The whole point of it is to be as easy as possible to understand. If you don’t have so much as a basic understanding of Forex and day trading in general, no worries, because you will learn it all right here.

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Income Mentor Box Review – Final Thoughts

At the end of the day, we would say that the IMB Day Trading Academy is by far one of the most reliable and successful trading schools around.

It won’t cost you much to join and you will get access to a fully comprehensive educational curriculum that will teach you everything you need to know about trading Forex and more.

There is also the fact that there is a really knowledge, friendly, and accessible leader here, one who makes learning both fun and easy. If you want to start making real money in the world of day trading, we would recommend checking out Income Mentor Box.

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Top 10 Forex Trading Tips

Top 10 Forex Trading Tips

When it comes to trading FX, it’s not quite as easy as some people make it out to be. As a newbie, there are quite a few things that you need to learn in order to be successful when trading currency pairs. This is not something that you can just wake up and do one day because you feel like it. It takes the right skills and knowledge to trade FX successfully. Well, today we are here to provide you with some great Forex trading tips.

Today, we are going to talk about the top 10 Forex trading tips that you as a newbie need to keep in mind if you plan on being a successful trader. Now, today we do not want to go over specific strategies or anything like that. These are more general Forex trading tips for newbies, things that you need to know right from the beginning. Let’s get right to it and help turn you into a more successful FX trading powerhouse!

Forex Trading Tips

Top Forex Trading Tips

Alright, so below we want to cover the 10 most essential Forex trading tips that you need to keep in mind at all times. Keep in mind that some of these are combination tips, so you won’t actually see tips all the way to #10, as some of these tips are a 2 in 1 kind of thing. You will see what we mean. Let’s get to it.

 

Trading without Researching

One of the biggest mistakes that many newbies make is to start trading with a random broker right away, and using real money too. Folks, the fact of the matter is that there are so many brokers out there, and not all of them are good. Don’t just choose a random broker. Do some research to find out what the best brokers are and what they have to offer you.

Moreover, don’t start trading with real money until you know what you are doing. There is no point in trading with real money if you are just going to lose it. Therefore, one of the most important Forex trading tips for newbies is to start with a demo account where you can trade with fake money, just until you get the hang of it. You want to get a good few weeks of practice in first.

 

Understanding Accounts, Spreads, & Commissions

Another one of the biggest Forex trading tips for newbies out there, and yes, this is a two part tip, is that you need to understand different account levels, and yes, this then means also understanding spreads and commissions. First off, what you need to realize is that there are different account levels for different types of traders.

Lower account levels often allow for lower lot sizes, less trading, they have bad spreads, and high commissions. The more serious you are about Forex trading, and the more experience you have, the better of an account you want to open with a broker. Of course, high commissions are bad because you end up paying a lot of money for every trade you place. Moreover, you also want to look for good spreads.

 

Having a Solid Plan

Perhaps one of the worst things that you as a new Forex trader can do is to start trading without having a plan. Yes, having a plan means that you need to be familiar with charts, terminology, spreads, indicators and more. However, the biggest Forex trading tip to gleam here is that you absolutely cannot trade blindly. This is the worst thing that you can do.

You need to know what you are going to trade, when to trade it, and how you are going to go about it, or in other words, what kind of trading strategy you will employ. Part 2 of this tip involves finding a good exit strategy. Of course, making money in Forex is all about when you exit a trade, so an exit plan is a must have.

 

Determining Your Risk Tolerance

When it comes to the best Forex trading tips around, one of the best ones out there might be this one, that you need to determine your own tolerance of risk, and you then also need to protect yourself. Simply put, you need to know how much to invest per trade, and how many trades you should place per day. This is particularly important if you have a small trading account.

If you visit the official Income Mentor Box website, you will actually get a free eBook which discusses how to determine what your risk level is. The main point here is that you need to gauge the level of risk vs the potential reward, and if you can afford to risk XX amount of money.

This is all about protecting yourself and protecting your account balance. When it comes to protecting yourself from losses and unnecessary risks, make sure to have a solid trading strategy and don’t forget to set those stop losses either.

 

Emotions & Patience

In terms of the best Forex trading tips, something else to keep in mind here is that trading is all about just that, your mind, not your heart. If you trade with your heart and you let emotions cloud your judgement, things are not going to go well for you, not at all.

Emotional traders are risky traders, and risky traders are prone to losing money. Folks, it’s all about being patient, sticking to your strategy, and executing positions when the time is right. Don’t let your anger or frustration get the better of you. Keep a level head, stick to your strategy, and wait for the opportune time to strike.

Best Forex Trading Tips – Final Thoughts

We hope that our Forex trading tips can help you improve your results. If you want to learn more about Forex trading, visit Andrew’s Trading Channel on YouTube. Even better, if you want a full scale education, check out the Income Mentor Box Day Trading Academy.

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