Forex PFA

The eToro forex forum, thanks to its wealth of forex information and discussion topics, can seem a little daunting at times. That is why it is important to know how to approach such a valuable educational and informational resource in order to make the best of it. Going through each thread individually in search of the question or issue you are interested in can be exhausting and futile. The eToro moderators do a superb job of sorting out the various threads into their categories, but the answer you’re looking for might very well be hidden in a thread whose title has nothing to do with it. How then can you get the information you want without having to read the entire forum?

The answer is simple: use the forum’s search function! When you enter the term you’re looking for the search engine will do the work for you by finding any post or thread in which the term is mentioned! It seems obvious enough, but most people are tempted to try to find the answer themselves before they realize that the forum is basically a searchable database, a fact that it would be in anyone’s best interest to take advantage of.

Not that there isn’t a lot to be said for just browsing the forum with no specific intent. Many times you will encounter things that you would never have thought to search for exciting new strategies, innovative approaches and future speculations.

And then of course, there the most sure fire way of getting an answer to whatever your question or query may be: simply start your own thread. Even if no fellow trader comes to your aid, which is highly unlikely, our forum moderators will be only too happy to give you the benefit of their forex knowledge and expertise. It may be a slower way of getting answers, but this way you are sure to get a direct answer and you will also be adding to the informational database for existing and future forum users.

In any case, the eToro forex forum is there for you to use and to enhance your forex knowledge. Learning to use it to your advantage can make a huge difference to your forex learning and forex trading experience. For those traders that just starting out in forex trading, it is doubly important to participate in eToro forex forum. If you have any trouble understanding a forex concept, or if you have any question relating to forex, posting your query in the forum will get you various answers within minutes.

There are a large number of forex signals provider in the market, if you do a quick browse you will come across more than 200 in 5mins, there are a large number of however only a few will produce you money, we recommend you to look meticulously at specified details that will make you see if they are as good as they say.

Many individuals will certainly go for a low cost forex signal service without considering that this is not buying a cheap sofa or a mountain bike to make some exercise on the weekends, here you are risking your hard gained money based on a low cost advisor.

Deciding on a cheap provider could cost you a large percent of your trading funds which will be more than what you paid for the signals. If you pay 300$ for your signals and you make 600$ your final profit will be 300$, not amazing but as you increase your trading capital your earningswill grow, meanwhile others will opted for a 50$ provider which unfortunately will lose in two trades 400$, its worth it? If you have an excellent signals service you can produce as much money as you want, wouldnt most people spend 300$ or 400$ per calendar month for it?

When you search for a forex signal service you will see that a large number of them post excellent results, but barely any of them show you a real statement from a forex broker, they just show you an excel sheet with fancy colors and appealing numbers which every person can create on their computer, they dont post a screenshot where you can see the entry and exit on a real trading account; make sure you ask for real statement or image of the statements with profitable trades.

Every business out there is great and generates great results but why no business guarantees you a minimum number of pips? I mean if you make1000 pips per month as you claim in your results, why cant they provide a 200 pips guarantee? Well, in my opinion is because they dont generate them, why should you spend for services that dont produce the numbers they claim?

If you are searching for a reputable forex signal service, make sure they provide results or screenshots of a real statement from a real account and make sure that they provide a guarantee on their signals.

In Forex trading, knowing where to place stop loss is a major ingredient for success. A good number of traders neglect this essential aspect of trading and end up causing a lot of unnecessary damage to their trading accounts. Stop loss refers to an order placed in the market to prevent you from incurring losses if price goes against you. When in a long position, a stop loss order is usually placed some distance below the point of entry. And, when in a short position, a stop loss order is usually placed some distance above the point of entry.

There are various methods you can use to set stops, some of which are equity stop, volatility stop, and chart stop. Equity stop, also referred to as percentage stop, is the most common type of stop and it uses a predetermined fraction of a traders account to compute the distance the stop loss order should be placed from entry. For example, you can be willing to risk 3% of your account in a trade; thus, you will use this position size in computing where to place your stop loss order.
Volatility stop refers to placing a stop according to the amount a market can potentially move over a given time. This method ensures the right stop loss levels are placed so as to prevent being taken out of a trade due to the random rise and fall of price. For example, if you are using the swing trade strategy and you want to trade the EUR/USD, you will not place your stop loss at 20 pips. This is because EUR/USD moves by about 100 pips each day.

Chart stop is placing stops according to what the charts are saying. A good way of achieving this is placing stops based on significant support and resistance levels. When you place stops beyond support and resistance levels, you can rest assured that your stops cannot be hit because they can potentially hold price from pushing through them.
In conclusion, stop losses are of essence in cutting down your losses when trading currencies. Regardless of what the market does, if you have a correctly placed stop loss order, you wont be spending sleepless nights. The Forex market is usually very dynamic in nature, so you never know when price will turn against you. Therefore, it is important to put some preventive measures in place. Or, is prevention better than cure?