What is Two Blokes Trading? Two Blokes Trading is a fun and informative podcast and website for new and experienced home financial traders. It follows us, Tom and Owen, as we learn to trade profitably and consistently. We interview leading traders and trading industry insiders every week on the Podcast to give our listeners the best chance of becoming profitable traders.
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Although it might seem obvious, the way you include both profit-taking and stop-loss in your strategy will determine the fate of your trade. Let’s look at both options: Exiting a forex trade via take-profit orders : A take-profit order, also known as T/P, is a limit order that specifies the exact price, or the specific profit level at which ... The Best Forex Pairs to Trade. Now you understand a bit more about forex, you’ll have to figure out what forex pairs you want to trade. This list is based on historical performance and ... Forex trading can be risky if you don’t know how to limit and control your risks. It is like driving. Driving is not risky by itself. The way that some people drive is risky. Similarly, Forex trading is not risky by itself. The way some people trade Forex is risky. Some people start trading with real money while they don’t even know the basics. To trade effectively, it's critical to get a forex education. You can find a lot of useful information on forex here at The Balance. Spend some time reading up on how forex trading works, making forex trades, active forex trading times, and managing risk, for starters. 1. Finding the Right Pairs to Trade . Although forex trading occurs 24 hours a day throughout the week, it's best to trade during peak volume hours to guarantee liquidity.Liquidity is a trader's ...
The 3 Rules of Entering a Forex Trade Trader Tips - YouTube
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