Before deciding how much you want to risk per trade, you should start with how much you are willing to lose per month, so to withstand any possible drawdown.

Trend analysis is an indispensable function of the successful Forex trader. Just like a good mechanic or carpenter, having the right tools in your toolbox will make all the difference in your ability to break down trends and trade in the direction of established trends.

The Internet is replete with so-called “expert” advice on just about everything…and the Foreign Exchange Market is no exception. The trouble with all of this is that bad advice is often given and repeated until it becomes accepted wisdom.