| Free Session | ||||
| EUR/USD | EUR/JPY | USD/CHF | GBP/USD | Day - Link |
Popular Tags
Last 12 Month - EUR/USD
FOREX market brokers
There are plenty of Forex market brokers. Consequently, they need to be supervised, therefore you will need to check whether a particular company is registered in CFTC KNF, FSA, CySEC, SEC, or is a member of NFA.
The information is available on this website:
http://www.nfa.futures.org/basicnet/
Before you choose a broker, check:
- what platforms he works on
- what the entrance costs are
- whether the spread is fixed or variable
Yearly statistics | Day Trading
| **** | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |||
| Balance (pips) | 38,551 | 35,608 | 30,919 | 46,314 | 21,954 | 12,576 | 27,010 | ||||
| 2005,2006,2007,2008,2009 | |||||||||||
Risk management
Starting this subject it is necessary to introduce the notions of investment size on the Forex market. The basic investment unit is 1 lot. It is fixed value of 100000 units of the base currency. There are also minilots, which equals to 0,1 lot =10000 units of base currency. Apart from it, we have microlots and they are equal to 0,01lot = 1000 units of base currency.
An example: let me count how much 1 lot is worth for my pair, which is GBP/JPY.
Strategy
| Profit - Compound Interest | 223.66% |
| Profit - Money | 11183.02$ |
| PIPS per 12 month | 1909 |
| Average PIPS per session | 10.26 |
| Trade per session | 2.1 |
| Risk | 2% |
| Seed capital | 5000$ |
| Max Open Trades | 1 |