If you’re new to day or Forex trading, here’s a secret the pros live by: your lot size should be the last thing you decide , not the first. You choose your stop based on the chart, decide how much you’re willing to risk, and the math tells you the lot size . Do that every time and blown-up days become rare. This guide keeps it super practical: quick definitions, a 4-step sizing workflow, and two clear examples (EUR/USD and USD/JPY). Quick Definitions (60 seconds) Pip:  The sm

Introduction In Forex day trading, news releases are among the most potent catalystss for price movement. Economic data—like employment reports, interest rate decisions, and inflation numbers—can cause sharp, fast trends or sudden reversals. Traders who understand how to interpret the economic calendar , prepare for high-impact events, and manage the associated volatility can turn these moments into opportunity while avoiding common pitfalls. This blog will walk you through:

Introduction Most beginners obsess over finding “the perfect entry.” Pros know better: they build  into winning trades. Scaling in—also called pyramiding —means adding to a position after  it starts working, so you press the gas when the market proves you right. Done right, it can boost profits dramatically without jacking up your risk. Done wrong, it can overexpose you at the worst time. This guide breaks scaling in down to the nuts and bolts: What scaling in is (and isn’t)

Introduction In trading, protecting your capital is just as important as finding winning setups. A trailing stop‑loss  (TSL) is a dynamic exit tool designed to lock in profits and cap losses automatically as the market moves in your favor. Unlike a fixed stop‑loss, which remains at one price, a TSL “trails” price by a predetermined distance, adjusting itself as the trade becomes more profitable. This guide will show you how to set up effective trailing stops and ensure your t

Having a clear plan is like having a roadmap: it tells you exactly where to go and how to get there. For new traders, this means defining your rules, checking your work, and testing your ideas before risking real money. Let’s break it down into three easy steps—with concrete examples every step of the way. 1. Write Clear Entry & Exit Rules Why it matters:  If you know exactly when to enter and when to exit, you avoid second-guessing and guesswork. How to do it:  Specify thre

Day-trading can feel like riding a roller coaster: exhilarating, fast-paced, and sometimes unpredictable. But with clear strategies and disciplined execution, even beginners can find consistent opportunities. In this post, we’ll explore three core techniques for new traders: Scalping small moves vs. momentum trades Breakout strategies around key levels Fade setups in overextended markets Each section includes easy-to-follow examples so you can see exactly how these plays work

Every successful trader—from Wall Street pros to solo day traders—has one thing in common: they track their trades. At Peni2DollarzFx , we believe that consistent reflection leads to consistent profits. Keeping a trading journal and conducting regular performance reviews  is one of the most effective ways to improve your trading discipline, learn from your mistakes, and build a system that works for you . Let’s break down how to keep a powerful trading journal, what key metr

Introduction The Forex market operates 24 hours a day, five days a week, due to global time zone differences. This continuous nature is divided into three main trading sessions: Asian , European (London) , and North American (New York) . Each session has its own characteristics—volatility, liquidity, and favorite currency pairs. Understanding these sessions is crucial for beginners to plan trades, manage risk, and align strategies with periods of high or low activity. 1. Th

Introduction Leverage and margin are two of the most fundamental—and misunderstood—concepts in Forex and day trading. While they allow traders to control larger positions with a smaller amount of capital, they also magnify both potential profits and potential losses. This guide will explain: What leverage is How margin works Calculating margin requirements The effects of leverage on profit and loss Real-life examples Best practices to use leverage safely By the end, you’ll un

In the electrifying world of investing, margin trading stands out as a double-edged sword, offering the possibility of amplified profits...

Dive into the high-stakes world of margin trading , where opportunity meets risk head-on. This guide will explore essential tips,...