An Introduction To Forex Money Management And The Basic Principles For Forex Traders

forex-money-management-explained

In this post I will be giving a brief overview of the basic Forex Money Management principles and how they can affect your forex trading. I will touch upon some of the most important aspects and compare the different types of Forex Money Management strategies to try and help you to understand the importance of good money management and decide on what Forex Money Management strategy is most suited to your individual trading style. What is Forex Money Management? In a nutshell, Forex Money Management are some basic rules that you follow when trading a forex strategy on your trading …READ MORE

What Is Forex Leverage And Margin And How Do They Impact Forex Traders?

forex-leverage-explained

In this post I will be giving a layman’s explanation of Forex Leverage and Forex Margin to help you understand what they are and the potential risks involved. It is extremely important that you have a clear understanding of both Forex Leverage and Forex Margin before you start trading. I often see forex traders around the web trading without an understanding of these very important factors and whilst brokers may promote high leverage to attract clients, it can be dangerous especially to the uninformed who wonder why they end up blowing their trading account with a margin call or stop …READ MORE

What Are Forex Spreads And Why Are They Important?

forex-spreads-explained

In this post I will be explaining what forex spreads are and why they are an important factor to consider before trading the forex market. Forex spreads can be the difference between a profitable and non-profitable forex trading strategy, especially when using a forex scalping system. Before placing a trade, you should consider the current spread and how it can impact your trading costs and therefore the potential profits your next trade may or may not achieve. What are Forex Spreads? In a nutshell, forex spreads are the difference between the bid and ask price. This is a trading cost …READ MORE