A forex trading journal is a simple log of every trade: entry, exit, lot size, the reason you took it, and the costs most traders forget, like spread, commission, swap and slippage. Keep one for a month and you’ll see your real net results, which setups actually pay, and how much a rebate could hand back.
How to Keep a Forex Trading Journal That Tracks Your Real Costs Read More »
Forex slippage is the gap between the price you clicked and the price you actually got. It happens when the market moves faster than your order can be filled, mostly around news and in thin markets. You can’t remove it completely, but limit orders, smarter timing, liquid pairs and a good broker cut it a lot.
What Is Slippage in Forex and How Do You Reduce It? Read More »
Forex signals can be worth it, but only for a small minority of services and only if you test them properly. Most paid signal groups can’t show a verified, long-term track record, and the subscription plus extra trading costs eat into any edge. Treat signals as ideas to check, not orders to follow blindly.
Are Forex Signals Worth It? An Honest Look at Costs and Results Read More »
On most brokers, one standard lot of gold (XAU/USD) is 100 ounces, so every $1 move in the gold price equals $100 profit or loss per lot. A 0.10 lot makes $10 per $1 move, and a 0.01 micro lot makes $1. Always check your broker’s contract size first, because a few brokers define it differently.
What Is a Pip Worth on Gold? XAU/USD Lot Size Explained Simply Read More »
Don’t try to guess the number. Trade the reaction. Mark the big releases (NFP, CPI, FOMC), cut your position size before them, skip the first one to five minutes when spreads are widest, then trade the direction that holds. Keep stops outside the noise, and keep your costs low, because news days mean more trades.
How Do You Trade Forex News Without Getting Wiped Out? Read More »
Most professional traders risk 0.5% to 2% of their account per trade, and 1% is the most common starting point. On a $1,000 account that means losing no more than $10 if your stop-loss is hit. You set the stop first, then size the position to fit that dollar risk, never the other way round.
Forex Risk Management: How Much Should You Risk Per Trade? Read More »
A gold scalping strategy means taking many small, quick trades on XAU/USD, usually on 1- to 5-minute charts, aiming for a few dollars of price movement each time. It works best during the London and New York sessions, with fixed risk, hard stops and very low trading costs, because spread and commission eat a big share of small targets.
Gold Scalping Strategy: How to Scalp XAU/USD Without Bleeding Costs Read More »
