In simple words stop loss locks the maximum loss you can bear and take profit fixes your profit at a point when the price reaches a certain level. Now to understand how it works, lets take an example: You placed a sell order of EURUSD and wish to ...

What is a stop loss and take profit?

Trading on forex is the best way to begin your career as a full time professional trader. Major forex pairs like eurusd, usdgbp, AUDCAD, show high volatility in the market and thus its easier to get more trade ideas from volatile trading instruments.

Why do I trade Forex

Trading on higher leverage involves high risk of losing a good chunk of your investment. If you have just started trading you should go with low leverages max upto 50X. The profits might not be much with low leverage but you are also protected from ...

Is it good use high or low leverage as a beginner?

Demo practice is something which should never be skipped. Even if you are an experienced trader you should always test the demo of your broker first. I am referring to regulated brokers here as they are transparent in demo and live account set ups. ...

Is demo a step before real trading?

According to me no simple or complex strategy can offer your guaranteed results. I would suggest you to invest only 10-20 % of your capital. Investing less a point safeguards your trades from draw-downs. Do not risk more than your risk bearing ...

lets develop a system which is very very simple but effective.

you cannot just learn the basics and jump on to correct the errors from the beginning. You need to practice and gain trading experience. Going through the basics alone will not provide you every detail wish is required to become a good trader. It ...

Practice

1 lot is different for every instrument type; if you are trading on forex pairs, 1 lot will be equal to 100,000 units.

How much is one lot?