How much money do you really need to trade for a living?

Just reading this article tells you that you are taking trading seriously. Let’s think now, without prejudice, about how much money for trading you really need to sustain a day-to-day living. Many traders start with small accounts of up $5,000 or equivalent in a different currency and they hope they will be millionaires within a year. Experienced […]

Our pick of 6 trading movies to watch during Xmas

Christmas holidays are coming, which, besides lots of food, candies and family visits, should give us a little time for a quiet rest and procrastination. If you’re in love with charts, markets and everything about trading, just as we are, let’s rather watch a  movie about trading and the stresses associated with it: o) Here […]

Why do we care about open losses?

In the following example, we will look at why it’s so important for investors to monitor the open losses. This trader has never crossed the Maximum loss on his closed positions. His last trade has even hit the desired Profit Target. We might say that this trader observes the trend following system where he awaits […]

How to save while you hedge?

Do you practice hedging in your trading? If yes, then you are the right person who might be interested in the article we’ve prepared for you today. The article will describe how to save money if you have some hedged positions. We know about the MT4 function that many traders are unfamiliar with or haven’t […]

The current state of USDJPY as of 23. 07. 2018

USDJPY has broken out of an ascending triangle pattern. Major resistance level at 111.400 has been breached. It rallied 180 pips beyond the 111.400 resistance and quickly fell back to 111.400 for a test of structure. As of now, on the 23.07.2018 a deep bullish pinbar has been printed on the 111.400 structure level. Technically […]