Forex Course Guides Forex Daily Topic

The right ways to Stop-loss Setting

We, at Forex.Academy, try to help novice, and not so novice, traders the best ways to trade in this Forex jungle.  Many novice traders put their focus on entries, thinking that to be profitable, you need to be right. Right?

– Wrong!  in his book “Trade your way to your financial freedom,” Van K. Tharp proposed a random entry system as an example to show that trade management is more important than entries. The stop-loss setting is a key part of trade management, so let’s have a look at how to optimize them.

Stop-loss placement is the part of the system that decides when the current trade setting is no longer valid, and the best curse is to cut losses. Of course, there are lots of ways to do that, and we at have published several articles regarding stop-loss definition. This is a kind of entry point for you to have it easy.

Usually, new technical traders trust stops placed below easily seen supports or above resistance levels. If all participants see them, why would this be a good method? Surely not. Therefore, we suggested a better solution: ATR-Based stops.

An improved method for the ATR Stops is the Kase-Dev Stops. Kese stated that a trade is a bet on a continuation of a trend. The ideal trend is a straight line, but the market has noise. The aim of a well-placed stop-loss order is to set it away from the noise of the market.

Shyam, while writing the Forex course, teaches his learners that Fibonacci levels are not only meant for entries but serve quite well to define Fibonacci-based stop-loss levels.

Arthur Simmons, another of our excellent writers, explains how you can set stop-loss orders using point and figure charts.

Finally, if you are statistically oriented, you may be interested in the Maximum Adverse Excursion (MAE) stops. The concept of Maximum Adverse Execution was introduced by John Sweeney. The idea is simple: If your entry system has merit, successful trades behave differently than losing trades. The MAE level defines the point beyond which it is likely the current trade would belong to the losers set, and thus, it is the optimal level to place the stop-loss.

I hope this gives you nice ideas for your stop-loss orders and helps you avoid being a victim of the market makers and institutional hawks.

Good trading!

Forex Course Guides

Forex Course 3.0 – Complete Guide

Hello everyone,

Firstly, we want to thank you guys for following us throughout the course so well. We feel privileged that we are helping you guys in becoming better traders. Especially in Course 3.0, we have discussed some of the most crucial aspects of technical trading, which are essential for every aspiring technical trader to know. We have seen the quiz results for all the course articles that you guys have taken, and that gave us a gist of how well you’ll be following the topics discussed.

However, for the people who want to revisit a few topics, we would like to make their lives easier. So we are putting up a list of topics that we have discussed in this course. Also, this article will act as a quick revision guide for all the basics involved in Technical Analysis.

In this course, we have started by discussing the concept of Candlesticks and its fundamentals. Then we learned how to trade various candlestick patterns along with their importance. Introduction to Fibonacci trading has been done, and we also have paired the Fib levels with various indicators to generate accurate trading signals. We extended that discussion to Moving Averages and its types. Finally, we have learned the principles of indicator-based trading, where at least 10 of the most popular indicators have been discussed.

Below are the corresponding links for each of the topics that we have discussed in this course.

Candlestick Charts

Concept of CandlesticksIntroduction | Anatomy | Fundamentals

Trading Candlestick PatternsSingle Continuous | Single Reversal | Dual Continuous                                                   Dual Reversal | Triple Continuous | Triple Reversal

Deeper InsightCandlestick Patterns Cheat Sheet | Candlestick + S&R

Fibonacci Trading

Introduction | Entry Using Fib Levels | Challenges of using Fib levels | Fib + S&R Candlestick Patterns + Fib Levels | Fib + Trendlines | Fib for TP & Fib for SL | Summary

Moving Averages

Introduction | SMA | EMA | SMA vs. EMA | MAs to identify the trend | MA Crossover Strategy | MA + S&R | Summary 

Indicator-Based Trading

Introduction | Pros & Cons | Bollinger Bands | RSI | MACD | Donchain Channel | RVI | TSI | Stochastic | Ichimoku Cloud | Parabolic SAR | ADX | ATR 

With this, we have ended our Course 3.0, and soon we will be starting our Course 4.0, where we will be discussing some of the advanced topics in Technical Trading. So stay tuned and watch this space for more interesting and informative content. Cheers!

Forex Course Guides

Forex Course 2.0 – Complete Guide

Hello there,

We hope you guys are following the course well. We have done with Course 2.0, and we quickly want to sum up the concepts we have discussed in this course. Also, this article will act as a guide for you in finding any particular articles or for a quick overall revision. Basically, this is a quick navigation guide of Forex Course 2.0.

We have started this course by understanding one of the most important parts of the Forex Industry – Brokers. We also learned the different types of brokers, tips to pick the right broker, and whom to stay away from. We have also understood the different types of analysis that are used by retail traders like us to forecast the price of a currency in the Forex Market. Below is the link for each of the lessons we have published.

Brief History and Introduction to The Forex Brokers – Link

Types 0f Brokers in the Foreign Exchange Market – Link 

Two Types of ‘No Dealing Desk’ Brokers – Link

Understanding the Concept of Spreads in Forex – Link

Two Different Types Of Spreads In The Forex Market – Link

Picking A Genuine Forex Broker 101 – Link

How to stay away from the Forex Bucket Shops – Link

Steps Involved In Opening A Forex Trading Account – Link

Analyzing The Forex Market – Fundamental Analysis – Link

Analyzing the Forex Market – Technical Analysis – Link

Analyzing the Forex Market – Sentimental Analysis – Link

Which is the best way to analyze the market? – Link

So with that, we have ended our course 2.0. The upcoming course 3.0 is the most valuable course we will be providing at Forex Academy. The entire course is going to deal with the Technical Analysis right from the fundamentals. This course is designed by the top price action traders in the industry, and we are super excited to start rolling out this course for our readers. Are you excited too? Stay tuned!

We hope you find this comprehensive guide useful. Let us know if you have any questions regarding Course 2.0 in the comments below. Cheers!

Forex Course Forex Course Guides

Forex Course 1.0 – Complete Guide

Hello Readers!

If you have been following us lately, you must have known that providing quality trading education is the number one motto for us at Forex Academy. With this being our principal mission, we have rolled out an in-house course that covers every single thing about Forex Trading. We want to primarily thank you all for the amazing response we have got on the first part of that course. This will only motivate us to provide more quality content.

This piece of article will help you in finding any particular concepts or for a quick overall revision. Basically this is a quick navigation guide of Forex Course 1.0.

  1. Introduction To The Forex Market – Link
  2. Currency Pairs – Link
  3. Mechanism Of Buying And Selling – Link
  4. Liquidity of The Forex Market – Link
  5. Different Ways Of Trading – Link
  6. How Does Profit & Loss Take Place – Link
  7. Right Currency Pair To Buy & Sell – Link
  8. The Concept Of ‘Pip’ – Link
  9. Lots & Its Different Types – Link
  10. Various Order Types – Link
  11. First Step In Your Trading Journey – Link
  12. General Myths About Forex – Link
  13. Different Trading Sessions – Link
  14. Tokyo Session – Link
  15. London Session – Link
  16. New York Session – Link
  17. Best Time To Trade The Forex Market – Link
  18. Forex market’s hierarchy – Link
  19. Forex Market Movers – Link
  20. Perks Of Trading Forex – Link
  21. Stock Market & The Forex Market – Link
  22. Margin Trading Fundamentals – Link
  23. Balance & Rollover – Link
  24. Unrealized P/L and Realized P/L – Link
  25. Margin Requirement & Required Margin – Link
  26. Used Margin and Equity – Link
  27. Free Margin – Link
  28. Margin Level – Link
  29. Margin Call & Margin Call Level – Link
  30. Stop Out Level In Margin Trading – Link
  31. Refresher – Margin Trading – Link
  32. Leverage & Margin – Link

We hope you find this comprehensive guide useful. Let us know if you have any questions regarding Course 1.0 in the comments below. Cheers!