This second story in the series "Introduction to Trading Systems" investigates how timeframes and fundamentals affect the trend. We also look at how to distinguish retracements from trend reversals.
This first story in the series "Introduction to Trading Systems" explains what a system is and what you need to know about trends and signals so you will be able to build your own custom trading system.
What is the role of margin and how do we manage the trade setup so we can then sit back and let the trade work for us?
How do we calculate the risk per contract and how does that lead to position sizing?
How do we calculate the risk on each forex or futures trade? You will learn about risk management and how position size helps contain your risk.
What are the key variables you need to know for each futures or forex trade? You will learn about the Open, Stop Loss and Target Price of the trade, along with how many contracts to open.
How do you set up a trade in either the forex or futures markets? You will learn how to measure the risk and potential reward of a trade before you open it and you will minimize the risk to just a small percentage of your portfolio.