Risk and trade management is often one of the most overlooked aspects of trading and investing and potentially one of the most important. In this section we will look at various aspects of risk and trade management in more detail and produce articles that should allow traders to improve their trading strategies and plans by a better use of risk management techniques.

Trade and risk management includes primarily what a trader does after entering a trade to maximise prospective profits and minimise potential losses. However, it can also be applied to decisions made before the trade is even executed, as to the whether the trade is a good candidate to even enter.


Beginner

Why EAs Are Out and ATs Are In…..

Posted on by Jeff Wecker

There are many reasons traders are switching from EAs(Expert Advisors) to ATs (Automation Tools). The primary reason is that EAs cannot put things into context, which is why they had no chance of catching the recent volatile moves in the financial markets. Further, the lack of support is a big problem. EAs are generally just … Continued

Beginner

“Defense”….The Key To Success in Fx Trading

Posted on by Jeff Wecker

You’ve heard the phrase “ Defense wins Championships”. Let me tell you why these three words can save your career as a FX trader.  Why become another statistic whose bad decisions cost them the passion of their life. The best and most successful traders adhere to these basics tenets: cut your losses, let your winners … Continued

Intermediate

There’s a New Robot in Town Or The Power of the “5” Pip Risk

Posted on by Jeff Wecker

It’s a new era.  No more risking 30-50-75 pips to get into a swing or long term trade. Before CCC (Currencies, Coffee and Croissants) came along, it was unheard of to try and enter a swing trade or a long term trade with 5 pips of risk. People would have laughed at you…..they thought that was … Continued

Beginner

Managing Your Winners

Posted on by Jeff Wecker

Before you can manage a winner, you’ve got to get into it. And you’ve got to get into it with minimum risk. Because in the end, its all about risk reward followed by money/trade management. If you try, for example to enter a currency trade with 30-50-100 pips of risk, you are going to have … Continued

Beginner

Fundamentals, Price Action & Forex

Posted on by Jeff Wecker

Many questions arise about fundamental analysis and its effect on the Forex Markets. Many traders try to utilize data or news events to trade and others find it utterly useless. Here, we analyze the effect of fundamentals on the market and why we think there is a better way to trade. Forex trading is based … Continued

Intermediate

Currencies, Coffee and Croissants

Posted on by Jeff Wecker

FX Traders: There’s Only One Place in the World…… where you can talk with highly successful, extremely talented currency traders from 27 countries, all at the same time. Of course, they all know the technical stuff, but they also know the local economic and political conditions in their respective countries. And more knowledge = better … Continued

Intermediate

The Fine Art of Reversing Your Position

Posted on by Jeff Wecker

The market is always right. Not you. Not your opinion. Not someone else’s opinion. So, you have a choice: you can fight the market or you can go with it. And how do you know where the market is going?  Price action! For example, our robot “Forex Forager” always knows at what price it is … Continued

Expert

Traders: On Avoiding the 90-90-90 Scenario

Posted on by Jeff Wecker

You don’t want to be a part of THAT club….the 90% of retail traders who lose 90% of their money in 90 days. You can avoid it but you have to think differently than the crowd. First, realize that you are not in this business to trade; you are in it to make money. And … Continued

Beginner

Basic Terms

Posted on by Steve Miley

Below we introduce some initial basic terms from Risk and Trade Management. Hit Rate Hit Rate is a measure of the ratio of the number of winning (profitable) trades over a set period of time, divided by the total number of trades. Hit Rate = number of winning (profitable) trades / total number of trades … Continued