If your account is in USD and you’re trading a cross (like EUR/GBP, EUR/JPY, GBP/JPY, etc.), you often need a conversion step. Case 1 — USD is the quote currency Example: EUR/USD Easy mode. Pip value (standard lot) ≈ $10 per pip. Formula: Pip value ...

How is the pip value of the crosses calculated?

From our past talks about capital preservation and distribution… Broker leverage doesn’t blow accounts. Trade leverage does. You could have 100:1 available — but if you only use 1.5:1 per trade, you're conservative. Most blown accounts happen ...

Is 400:1 leverage better than 100:1?

RR doesn’t create an edge — it expresses one This is the part most traders get backwards. RR is a payoff structure Edge is a probability advantage You can choose any RR you want: 3:1 1.5:1 1:1 But RR does not increase your chance of being right. It ...

Where's The Edge?

I suggest beginners use one method, one timeframe, one instrument. This cuts a lot of noise. I also strongly suggest 2 trades max. Use these two bullets to select the best setups. Finally, write down all your rules and never, NEVER break them.

For Beginners

I understand wanting to quit. Trading is not for everyone. But i not do it. I kept trying until a kind soul showed me that my method and money management were fine. But my trader psychology was screwing me up. Fixed that and I became profitable.

I plan to quit forex!

Would the correlation then be that 5% of all candle would b3 Dojis? If so, how would that inform the direction of the next candle? Thanks!

A Million ways to make Money!

I don't know what the edge is, but one measure of its existence is by means of expectancy. Expectancy = (Win Rate × Average win)-(Loss Rate × Average Loss) A positive number means you have an edge.

Where's The Edge?