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.
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.
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.
There are many differences between new traders and professional traders.
After closing out a losing trade, it is human nature to want to get right back into another trade to get that money back.
I recently received an email from a new trader who found himself in a losing trade and didn’t know what to do.
After having identified your entry on a new trade, the next step should always be to identify the price level for your protective stop.
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.
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...
I’ve seen some new traders have some incredible winning results in a short period of time. However, quite often they will lose those gains as just quickly.