Keeping a trading journal can be a time-consuming process, which would require traders to express and conserve every single detail of their trading performance. The immediate reward of this time commitment comes in the form of an immediate and objective evaluation of traders’ performances. This ev...
Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster. CFDs are leveraged products and ...
or forex options. Also, the Quick Trade option allows you to set price tolerance for slippage when you need immediate fills. Another feature I really appreciate in SaxoTraderGO is the ability to customize your default order parameters, including stop-loss and limit levels, within the platform se...
We need the values of Size-Volume of the lot, traders’ expectation parameters Long or Short, Entry, Stop Loss, and Take Profit values of the currency. Method 1 – Using a Simple Excel Sheet to Create a Forex Trading Journal Steps: Make a spreadsheet like the following image. Insert the...
Trading Plan: Develop a clear plan with entry/exit rules and risk limits. Emotions: Manage emotions to avoid impulsive decisions. Stay Informed: Be aware of market events that could impact trades. Monitor Trades: Adjust stop-loss and take-profit levels as needed. ...
Machine learning-based predictive models are measured by their loss function, which incorporates the input value and the expected outcome. The output of the loss function is generally known as the loss value, measuring the predicting power of models, and the low value represents the good predictive...
is just above the high of the hourly close after an attempt to form atriple bottomfailed. The difference between thisentry pointand theexit pointis therefore 50 pips. If you are trading with $5,000 in your account, you would limit your loss to 2% of your trading capital, which is $100...
Clients in certain areas lack insurance coverage. As a specific example, we don’t provide negative balance protection and guaranteed stop-loss orders for the U.S. Trading Fees:Raw Spread Accounts attract a commission of between 0.7 to 2.8 pips for majors and up to 225 pips for rarest + a...
For comparison, 68.9% of all limit and limit entry orders had positive slippage, whereas 59.9% of stop-loss and stop entry orders had negative slippage, reinforcing the notion that limit orders have a better likelihood of price improvements, compared to stop orders which can likely result in a...
device with the Telegram app and the necessary access permissions or code. The alerts are disseminated in real time and can be set to include the typical trade messaging information like Currency Pair, Entry, Stop Loss, Take Profit or any additional information deemed necessary, or custom alerts...