Recent content by GeekyForex

When discussing brokers I always look in the long term. Initially promotions may seem attractive, but they are often immaterial when considering the more important factors like: 1) Reputation - plays a significant role in determining the reliability and trustworthiness of a broker. 2)...

To use Fibonacci as a retracement tool, it is important to choose your time frame and stick to it. Find a significant and strong move in either an upward or downward trend and apply the retracement tool as shown below: I tend to stick to simplifying the indicator and only using the Golden...

A key note here is that Forex is not investing, but trading. As such, the first thing that a beginner should understand is risk management. Losses are inevitable, but managed correctly as part of a considered trading plan with a decent and disciplined risk to reward ratio, it is possible to make...

Risk when trading refers to the amount of capital that can potentially be lost on any one trade. This is subjective and will be determined to a trader's appetite for risk and should be set out in a well written and considered trading strategy. Generally speaking, no more than 1%-5% of capital...

Forex position sizing is a critical aspect of risk management. It refers to determining the appropriate amount of capital to allocate for each trade based on your account size and risk tolerance. Generally this should not exceed 1% - 2% per trade. Position sizing is important because it helps...