Forex Library

In the last article on strategy evaluation, we talked about some ratios you can use to get a better handle on your trading and how it is performing. You don't have to use each ratio separately, but it's also possible to combine them and…

In a previous article we talked about how to know if your trading strategy was working, and at one point we mentioned that math was involved. Well, that's what this article is about: how to calculate the relative success of a strategy,…

The sure-fire way to know a trading strategy works, is to start using it and watch your account steadily grow. But how do we know if a strategy is going to work before we put money into it? Well, we can't know for sure what will happen;…

Once you've got your trading plan in place, it's time to put it in practice. This is the fun part that got you interested in trading in the first place, so you've likely already put a lot of thought into it. However, there are some ideas…

We already went over the similarities between trading and financial management. Now we are going to get a little deeper into each one of the elements of management that could help with your trading. Planning to succeed Having a plan…

For a lot of traders, trading is something of a hobby, and they approach it with the same level of disorganization that they do their stamp collection. On the other hand, some hobbyists take their actions seriously and act with…

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…

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…

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…

When it comes to Forex trading it is essential to maximize profits and limit losses in any way possible. One of the best ways to do this is to have a carefully thought out trading strategy and to stay disciplined throughout the trading day.…