Stop Placement with Average True Range (ATR)
When working with new traders in the DailyFX Trading Course, we try to impress upon them the importance of using a protective stop in every trade.
Author: Dailyfx.com
The Trader’s Approach
As new traders come into our DailyFX Trading Course, one of the big questions we are asked is what to do first when looking for a trade.
Using Trend Lines for Support and Resistance
We always recommend to new traders taking the Daily FX Course to use support and resistance as one method to help time their entries and exits.
Be Careful What You Ask For….You Just Might Get It
When we start one of our DailyFX Trading Courses, we ask new students to introduce themselves and let us know a little bit about their trading interests.
Sometimes the Best Trade is No Trade at All
There are many differences between new traders and professional traders.
Look Before You Leap Into a Trade
After closing out a losing trade, it is human nature to want to get right back into another trade to get that money back.
Leverage Can Be Your Best Friend and Your Worst Enemy!
I recently received an email from a new trader who found himself in a losing trade and didn’t know what to do.
Never Trade Without a Protective Stop
After having identified your entry on a new trade, the next step should always be to identify the price level for your protective stop.
Buying New Highs and Selling New Lows
One of the oldest and most powerful money management strategies used to enter into and exit out of trades is using new highs and new lows over a certain period of time.
Trading the Nonfarm Payrolls
This Friday, December 4th, at about 830AM Eastern, the US Department of Labor will release the most anticipated news report of the month, the US Nonfarm Payrolls. This report can result in increased volatility and a chance...