Thanks to in-depth analysis and my forex trading experience, I developed a strategy that allowed me to turn 400 € into 3400 €. I became one of the top 5 investors on the Bondora platform out of 250,000 users based on profitability. The Beginning: Small Steps and AnalysisIn the beginning, I invested only small amounts…
In the world of finance and trading, understanding the balance between risk and return is crucial for success. Investors often face challenges that necessitate informed decision-making. Key concepts like the risk to reward ratio calculator and profit/loss ratio are essential tools for optimizing trading performance. The risk to reward ratio calculator allows investors to evaluate…
The risk to reward ratio—commonly known as the risk/return ratio—reflects the expected yield an investor may earn for each dollar they put at stake in an investment. Many investors use the risk to reward ratio chart to evaluate the potential returns of an investment in relation to the level of risk they must undertake to…
Forex Trading Glossary Q-R QuoteA price quote that includes a bid and ask (offer) price. Quote Currency (Pricing Currency)The second currency in a currency pair. The quote currency is used to price the first or base currency. Forex Trading Glossary Q-R R squaredThe coefficient of determination. The percentage of variation in the…
The 10 Commandments of Risk Management for Traders There are few maxims in trading held at all times and for all traders, but at least one concept will always be relevant to every trader. That concept is risk management. From a seasoned veteran to a brand-new beginner, every trader needs to know about…
PERFORMANCE Practice the philosophy of continuous improvement. Get a little better every day. Increase your performance. 05 SCHEDULE A REGULAR PERFORMANCE REVIEW Collecting data is all fine and good. But it’s only useful when studied. Regular reviews serve several purposes: It keeps a trader focused on their trading plan Compare emotions and perceptions…
TRADE PREPARATION Give me six hours to chop down a tree and I will spend the first four sharpening the axe. A B R A H A M L I N C O L N 01 JOURNAL YOUR TRADES A journal is the single most valuable tool for any trader. Yet, most of…