Daniel John Grady is a financial analyst and writer. He is a former CFO with a degree in Financial Management and has been published in both English and Spanish. With over ten years of equities trading experience, he is primarily interested in foreign exchange and emerging markets with a focus on Latin America.


Tips on setting stop losses

In trading, we tend to focus a lot more on where we are hoping the market goes and giving enough thought for what to do when the market throws us a curveball. It's a common practice among traders, to be realistic about it: treating stop losses almost as an afterthought. However, at some point the market is going to go against you; and as poin...

2018-08-15 Read more

Risk Management – How to Calculate Position Size

As you probably keep hearing over and over, a key factor in making your long-term trading successful is proper money management, which in essence outlines how much you should risk each time you take a position in the market. There are several trading books that recommend not risking more than 1% of your account balance, and a recent study of tra...

2018-08-08 Read more

Should You Let Your Trades Stop Out?

When to exit your trade is actually something of a controversial subject. There are some traders who insist that stop losses are there to be used - you should let your trade stop out if it's not going the right way. Other traders are just as adamant about preventing losses by stopping out early - they say you should, of course, have a stop loss,...

2018-07-25 Read more

Size DOES Matter…

A phenomenon that a lot of traders notice - and you might have seen it yourself - is that when they increase the size of their trades, their strategy seems to stop working. For some, even just switching from their demo account to their live account, and using the exact same strategy, will lead to making mess money. This might lead a few of them ...

2018-07-18 Read more

Avoiding big losses and trading consistently

It's normal for trades to end positively and negatively. No one has a perfect track record in predicting the market, and every consistently profitable trader will have regular losses. As a general rule, it's not these routine losses that will hurt your trading. It's the big losses that will get you. The thing about these big losses is that the...

2018-07-13 Read more

A Trick When Thinking About Closing A Trade

There is a "trick" of risk analysis that is used in investment evaluation that you might find really useful in your trading - especially when you are thinking of closing out a position. Let's think of each trade you make as an investment. You put a certain amount of money into the market - that is your risk capital - and hope that after a cer...

2018-07-12 Read more

Considering Risk and Market Timing

The market has its ups and downs, but sometimes those ups and downs are a lot bigger than at other times. As an experienced forex trader, you're aware that the market behaves differently depending on the time of the day. The LONY session, for example, has a lot more volatility, with wider swings than the Asian session. Depending on your strat...

2018-07-04 Read more

Exit Strategy – Do you know when to leave?

A significant amount of experts in trading will agree that psychology plays a major component in trading. In other words, your success as a trader depends a lot on your mindset. Understanding this, it's logical to conclude that how you think about your trades will have a major impact on your trading profitability. Let's approach trading from ...

2018-07-03 Read more

The Martingale Trading Strategy

The martingale strategy is an old betting strategy that's largely gone the way of powdered wigs and horse-drawn carriages. However, it's worth a mention because different incarnations of it keep resurfacing among people trying to impress novice traders. The reason that the strategy can't seem to die is because it sounds quite intuitive when firs...

2018-06-28 Read more

The most common risk fallacy

There is a very common mistake that people and traders make when they are considering the likelihood of something happening: they think risk carries over each time they take a risk. Let's use coins as an example, but you'll see how this applies to markets too: a coin has a 50:50 chance of landing on heads. Let's say we flip the coin and it la...

2018-06-19 Read more

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