To be able to trade the forex market you have to deposit money with a broker. The broker executes your orders on your behalf and they generally get paid the spread between the buy and sell prices of whichever currency pair you trade. This can vary between 2 -10 pips depending upon the currency pair. […]

Simple fact is you wont avoid them all and will never have a 100% record as a forex trader no matter what all the spam emails and websites tell you. However you need to be aware of the main mistakes you can and will make as a new trader. Trading without a stop / moving […]

Where you are now. You have probably heard about trading Forex through a friend or a spam email promising that you can turn $100 into many thousands in a very short period of time. (this claim by the way is bs) So your interest got perked. The very first thing you need to do after […]

So now we have a basic clean chart setup. How is a trade opened? Real easy. if your using MT4 press F9 and the trade order box pops up. Quite a few options here but for now we will just take a look at the trade order Type. There are 2 types of trade entry. […]

When trading the markets your Stop Loss and Take profit levels are probably the most important things you should know before placing a trade as these define your trade plan and your risk management. If you do not know your stop loss you cannot assess your risk managment and if you do not know your […]