The use of a guaranteed stop that limits the risk.
What you are essentially willing to lose on your account when actively placing a trade.
Properly maintaining discipline within your trading and knowing how to manage your trades with little to no risk to your account overall.
The study of price action and market structure to form a prediction of which direction the market will move in based on candlestick patterns and previous data.
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
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)
AdvancedUsing Indicators6 Topics
Technical Analysis (Part 2)8 Topics
Market Structure5 Topics
Fundamental Analysis9 Topics
CompletionRisk Management for Beginners8 Topics
Psychology for Beginners7 Topics
Personal Psychology Questions2 Topics
I know after understanding technical analysis, you guys are ready to open a live account and start trading immediately. NOT SO FAST! This section alongside psychology is probably two of the most important sections here. Risk Management is exactly what it says: “managing your risk.” It’s making sure you don’t blow your account in 2 seconds, you’re not over-leveraging, and it helps control your trading habits.
There’s a difference between trading and gambling. GAMBLING is when you just risk all of your money and there’s no type of “management” whatsoever. You’re rolling dice and hoping it lands on 7 or 11. That’s gambling. TRADING is making a few trades but making sure you’re taking CALCULATE RISKS over time and you’re controlling your risk and psychology throughout it all; regardless if you win or lose.
Example: Let’s say you have $1000 in your account. If you didn’t want to lose more than $50 at ANY point in time, that means you don’t want to risk more than 5% of your account. (5% of $100 is $50). That is essentially risk management. Making sure your account is ALIVE at the end of the trade because you can lose just as fast as you can win.