Learn Forex: High Probability Breakout Trading in Forex 01.23
Summary:
This video will show you how to determine an appropriate trade size relative to your account size through
effective leverage
and the
“risk management calculator”.
We will use
last week’s set up on the USDCHF
and a new potential opportunity with the
GBPJPY
to illustrate these tools.
Head Trading Instructor Jeremy Wagner discusses:
*How to use the Donchian Channel Indicator to identify entry and exit points of a trade
*What is effective leverage and
why it is important
*What
percentage of capital the most to risk on a trade
*How to determine trade size on a
developing trading opportunity with GBPJPY
If you are a newer trader to forex, follower the
new to forex
twitter feed which offers beginning trading tips through @EDU twitter handle. The feed can also be found at the
Learn Forex
page.
Best of luck trading!
—Written by Jeremy Wagner, Head Trading Instructor, Education
Follow me on Twitter at @JWagnerFXTrader.
To be added to Jeremy’s e-mail distribution list,
click HERE
and enter in your email information.
New to the FX market?
Save hours in figuring out what FOREX trading is all about.
Take this free 20 minute
“New to FX”
course presented by Education. In the course, you will learn about the basics of a FOREX transaction, what leverage is, and how to determine an appropriate amount of leverage for your trading.
Register HERE
to start your FOREX learning now!
