Use the Market for Guidance

The best way to take profits in the Forex market is to let price be your guide. Price is giving us clues all the time and traders can manage trades according to what the price is telling them. Forex School Online specialises in helping traders learn how to manage trades. The reason Forex School Online membership concentrates so closely on managing trades is because other educators fail in this area.

Even a monkey can open winning trade. I could flip a coin right now and place a winning trade off the toss decision. That does not mean I will be profitable over time. To be profitable over time a trader needs to be able to manage trades consistently and with the same method every time. Without consistency your results will remain all over the place.

If you want to find out how you can learn a method for managing trades rather than just setting random Risk Reward targets, the Forex School Online membership is for you. Inside the members area you will be taught a method that you can use for each and every trade using price as guidance.

The Myth of Risk Reward!

Forex School

This article today is going to cover one of the biggest myths that Forex traders world over believe in. A lot of traders have many false beliefs when it comes to trading, full stop. However this particular myth hurts traders substantially.

The myth we will look at more closely today is Risk Reward. I get numerous emails from traders asking the same question, “Shouldn’t we always aim for 2/1 Risk Reward on each trade” or in other words, should they aim to target a minimum of double their risk per trade they put on.