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PetziK
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PetziK
Tips and tricks!
in
New Traders
Jan 20, 2016 at 13:34
You could use the heat map to identify other forex pairs with higher movement.Side-ways trends are horrible, i know. Alternatively put an BUY / SELL STOP, so you don't have to watch the chart all the time.Or use a software that enables price allerts.happy trading,Peter
Tips and tricks!
in
New Traders
Dec 23, 2015 at 07:35
ad leverage. I think the leverage is being implemented / shown in the "tickvalue" - if you go with 1:100 EUR/USD one tick will be 1 USD per one Lot.So if you change leverage you will need to adapt the tickvalue or add a factor - like 2x for 1:200
Tips and tricks!
in
New Traders
Dec 22, 2015 at 11:04
the lotsize is being calculated on the basis of your risk management.lets assume your capital is 1000 XXX (XXX = currency EUR or USD or whatever)so, if your initial risk is 2% .... this would mean 2% of Capital = 20xxx of moneyso, when entering a trade you should place a stop loss. you now need to calculate a lot size LOT.1.) count the points/pips of the stoploss distance2.) how big in money would your loss be if the price reached that stoploss? Exactly - it must not be higher than those 2% or 20xxx money3.) so what you need to know is how much money is one pip / point. You can find out by vie...
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