When a trader begins to trade, what normally happens is that the first few trades are usually successful ones. The new traders then becomes so confident of their supreme abilities in trading that their carefully crafted trading plan and money management rules are cast aside. Suddenly their trades are not going so well anymore, they [...]

  I’ve come across few Forex traders who don’t practice of using stop loss. His idea, he will exit from the market manually before the market can hurt his account. Unfortunately that is easier said than done. Majority of us will hang on a loosing trade until the damage hurt our account beyond repair. [...]

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I know no one can win in forex trading for every trade he does, but we can prevent from losing a lot with some forex strategies in place. Imagine that if you risk 2% of your trading account on every trade, a small losing streak of 5 trades will mean that it will cost [...]

Forex trailing stops are facilities that you can enable in any Expert Advisor that uses the Metatrader 4 platform. The name suggests what a trailing stop is and it follows that as the trade moves in your favor the stop moves in line with the predetermined level of pips that you set. For example [...]

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Free Forex Trading Tips: www.forexstrategysecrets.com Forex Tip: do not set your stop loss by a set number of pips, or at a pivot point, or a Fibonacci line. Set your stops where the Forex market tells you to set them. This forex tip has helped me improve my trading tremendously. There is…