What you are essentially willing to lose on your account when actively placing a trade.
BeginnerEarly Stages for Beginners8 Topics
Forex Terminology11 Topics
- Major and Minor Currency Pairs
- Basic Forex Terminology
- Pips & Ticks
- The Broker & The Spread
- What is a Lot?
- Stop Loss & Take Profit
- Margin & Leverage
- Retracement & Reversal
- When Can I Trade Forex? Sessions - Market Open and Close
- 3 Types of Analysis (Technical, Fundamental, Sentiment)
- 3 Ways a Market Can Go (Up, Down, Sideways)
Margin & Leverage2 Topics
Personal Psychology Questions2 Topics
Psychology for Beginners7 Topics
IntermediateIdentifying Scams2 Topics
Brokers for Beginners5 Topics
Technical Analysis13 Topics
- Types of Charts
- Understanding Japanese Candlesticks
- Candlestick Patterns For Beginners
- Single, Double & Triple Candlestick Patterns
- Support and Resistance
- Confluences w/ Candlesticks & Support & Resistance
- Counter Trend Trading/ Counter Trend Lines
- Moving Average
- Top-Down Analysis
- Consolidation Trading (Breakout, Retest, Continuation)
Market Structure5 Topics
CompletionRisk Management for Beginners8 Topics
Fundamental Analysis9 Topics
AdvancedUsing Indicators6 Topics
Technical Analysis (Part 2)8 Topics
Having a Trading Plan
You must have a trading plan! A trading plan is like a trader’s 10 commandments, and you do not want to violate or go against the one you create.
Within your trading plan, you have the strategy that you’ve worked on. You have your goals and objectives and also what not to do. If your trading plan says not to trade on certain days, don’t trade on those days. If your trading plan says not to risk more than 3% of your account, don’t risk more. If your trading plan says not to trade outside of your chosen pairs, or a different session, don’t go and trade something that isn’t on your list.
It’s imperative to know what type of trader you are. You 100% can adjust as time goes on, as your account balance grows, and/or as your personal life changes, which requires you to now trade a different session. Feel free to adjust if need be, but create a trading plan and stick to it!