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First Pillar, Money Management Trading

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Many traders experience losses that are arguably not small because of the lack of traders in money management. Given the high risk that traders will face in the market, it is important for traders to have a proper fund management strategy. Implementing money management is actually not a difficult thing to do. Money management is one of the important factors in forex trading related to risk control. There are many ways that traders can do in managing money, but the key remains risk limitation. Although almost 80% of traders in Indonesia realize that one of the important factors to achieve profit in the market is the management of loss and profit itself. The management should also not be arbitrary, there are many small things in it that traders must pay close attention to. However, this money management factor is often ignored. If traders compare money management with indicators, statistics, analysis, and strategies, there are still many traders who do not pay attention to the importance...
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Get to know Forex Basics

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 Forex is currency trading that takes place outside the exchange (over the counter). Today, forex is the largest and most liquid financial market with a daily trading volume of more than 5 trillion US dollars per day. Here are some of the advantages of forex trading, including: Forex market opening hours last 24 hours from Monday morning to Saturday morning. So that traders can trade at any time according to their respective free time. There are no heavy requirements to start trading forex. Traders only need a laptop or cellphone and an internet connection. The initial capital is also very affordable, you can start with only 100 US dollars (or around Rp. 145 based on the current rupiah exchange rate). No one can manipulate the forex market. Even city brokers can only tinker with their own trading platform, so traders are free to compare prices with other brokers, then switch to more bona fide brokers. Forex trading liquidity is very high. So traders don't have to wait a long time t...
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One of the most important things in trading is choosing the right currency pair, combined with the right trading strategy. Choosing the right one has the potential to make huge profits, while choosing the wrong pair will cost you money. Therefore, it is important for traders to recognize the character of the currency pair to be traded so that the desired profit can be achieved. There are three main things to consider when choosing a pair in the forex market: identify whether the pair is a trending or non-trending pair, find out what type of strategy the trader will be trading, and find out the true average range of the pair, which means how much couples move from day to day. Read further in this article to find out how to find a suitable currency pair for traders. Trend Identification The first thing a trader should do when choosing which pair to trade is identify the trend. Trend is defined as the overall direction of market movement in the past, for example, “AUD/USD has been in a do...
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