Recent content by GeekyForex

We trade quite conservatively on long time frames looking for larger pips gains, so leverage of 20:1 generally suits. If we are expecting volatility and looking for a quick trade we will increase to 100:1.

The most important place to start is to get a comprehensive understanding of the fundamentals of trading, in particular risk management. Once you have an appreciation of the basics, open up a demo trading account and put what you have learnt into practice and test your trading strategies, risk...

Choosing the best time frame for your trading style is crucial in Forex trading. There are various time frames to choose from, ranging from short-term to long-term. Short-term trading involves making trades that last only a few minutes to hours. This type of trading requires quick...

Without discipline, it's easy to get caught up in emotions and make impulsive decisions that can lead to significant losses. Cultivating discipline takes time and effort, but it is crucial for long-term trading. Here are some tips for cultivating discipline in Forex trading: 1. Stick to Your...

Emotions play a significant role in Forex trading. Many traders fall into the trap of making impulsive decisions based on their emotions rather than relying on sound analysis and strategy. This can lead to devastating outcomes. When you let your emotions take control, you may find yourself...

The best times to trade depend entirely on what currency pairs you are focusing on. If you are focused on the major currency pairs due to liquidity and volatility requirements, you would be best to trade during the New York trading session. As we are UK based, we tend to focus on the London...

A key component of Forex trading is risk management, it is just as important to successful trading as making profitable trades. The key to risk management is to have a sensible risk reward ratio, this ensures that (providing your overall strategy is sound) losses that are incurred are manageable...

100%! When a trade is placed we use both stop loss and profit limit orders with both set inline with our risk reward ratios. Sit back and relax knowing that we are trading within the confines of our strategy.

Forex trading signals are the result of a process of technical analysis. Traders will perform analysis of chart patterns in accordance with their trading plan. The analysis will use a variety of technical indicators, along with trend analysis and identifying support and resistance levels...

Considerations For Effective Use Timing is key in setting a stop-loss order. It should be placed at a level that allows for small price fluctuations, yet provides protection from significant losses. Traders need to consider market volatility and historical price movements to determine an...

The pennant pattern is a powerful chart formation that often occurs during periods of consolidation in the Forex market. It represents a brief pause or temporary cessation of price movement before the continuation of an existing trend. Just like its namesake, the shape resembles a small flag on...