Chat With Traders 015: Joel Kruger – How to Use Leverage in Forex Markets for Your Best Chance of Survival
40 snips
Apr 9, 2015 AI Snips
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Transcript
Episode notes
Pick A News Policy And Stick To It
- Decide a consistent rule for trading around news and stick to it.
- Being consistent removes doubt and keeps your psychology stable during events.
Use RSI And ATR For Entry/Exit
- Use RSI for contrarian entries and ATR to measure average daily range for exits.
- Target better than 1:1 risk-reward and let technical triggers guide entry and exit sizing.
FX Is Accessible If You Manage Leverage
- FX is not only for pros; limit leverage to a few-to-one to make it comparable to other markets.
- Trade FX for its liquidity and volatility but control margin settings at your broker.