Chart Patterns
These are the chart patterns usually found with the #GOLD pair. It's easy to trade it, trust me! Take a look at the chart patterns one by one.
This usually happens before the market starts to speed up. It can be considered as an indicator to the change of a market's direction.
I always say… “set BE”
So… what is BE?
It means BREAKEVEN!
BE is a step to protect your capital or balance from experiencing any loss after making profit!
Basically, making bits of profit while minimising any losses when trading.
You can set your BE by shifting your SL to before price action.
You can see a sample from the image above. Left is for Stop Loss (SL) and on the right is once Break Even (BE) has been done.
I hope you find this useful!
✅ Risk Management Tips
🔸 Don’t Risk more then 2% of equity
🔸 keep your free margin over 60%
🔸 keep your Eye on the news
Please follow instructions carefully.
=======================
‼️It is highly recommended to follow this risk management strategy
🔹$100-$200=0.01 lot size (Max 5 trades)
🔹$300-$400= 0.02 lot size (Max 5 trades)
🔹$500-$600=0.02-0.03 lot size per trade (Max 5 trades)
🔹$1000=0.05 lot size per trade (Max 6 trades)
🔹$2000=0.10 lot size per trade (Max 7 trades)
🔹$3000=0.15 lot size per trade (Max 7 trades)
🔹$4000=0.20 lot size per trade (Max 7 trades)
You can follow your Money and Risk management. These are just recommended.
Thank you
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Читать полностью…How and why should you calculate pips?
1. So we can calculate when trading
2. To set your TP, BE & SL points
3. So you can make calculated risks
Looks basic but it might save you one day!
We've only gone through the basics so far but make sure you absorb this 👍🏻
Step by step okayy
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