January 15th 2015 will go down as another historical day in the financial markets. An event triggered by a national bank action caused a tsunami in the forex market. In a matter of seconds Swiss Franc soared as much as 41% against Euro; also impacting other correlated markets to varying degrees. Take a look at […]
Tag: Money Management
New traders and sometimes even experienced traders struggle to answer a key question – How much capital is good enough to make Forex trading a worthwhile pursuit? The expression worthwhile will have a different measure for different people. Some would like the trading activity to generate enough income to compensate for the hourly /monthly rate […]
I see a lot of adverts from Forex brokers and Spread Betting companies offering joining bonus for new clients, some pretty generous as a percentage of the initial deposit. Some offer a fixed amount like £100 when you open an account, deposit a certain minimum amount and take a few round trip trades. Others offer […]
One of the things that hurt me quite a bit early in my trading career was not to have a good money management plan. I used to randomly change the position sizing depending upon how good I felt about a trade, or to scale up by compounding after a series of winners. The result was […]