Using fixed stop loss is one way traders try to control their potential losses for a given trade. The other way to do that is position sizing – the decision of how large or small a position is taken. Trading forex market at a higher time frames will require that a forex trader set a [...]

Dozens of trading experts and would-be experts come my way each year, asking me if would show their “great” trading systems to my subscribers. If they pass the ‘telephone’ test, where I ask questions about their program, management, support, etc… they it’s on to taking a closer look at the system itself. One thing I [...]