Mondays are usually slow days and today was no different – most of the currencies did not give us good technical setups. But I’d like to take this opportunity to discuss a particular strategy with you. One of the strategies we teach at FX Instructor, called the GBP/USD Breakout Strategy, also known as the “Power [...]
Mondays usually are slow days and we wait for the technicals to settle down before we think of following up with the last week’s trades or looking at intraday. But on Mondays we do look forward, as we get the technical setups for Gap Trading. The gaps are not present on forex as much as [...]
We had covered several important topics this week – Money Management, Risk Management, Correct Use of Stops, Position Sizing, how much to risk in your trades, and other topics – all of these topics are designed to encourage our members to follow a trading plan and money management policies, incorporating both risk management and money [...]