TRADING PSYCHOLOGY

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Human emotions are very powerful. They almost always tend to get in the way of sound decision making. Taking risk in markets is a highly emotional practice, this process aims at minimizing those emotions and systematizing a process.

Having the proper risk parameters allows traders to minimize mistakes.

Knowing your downside is crucial in this process. Risk capital is only deployed when all the parameters are met.

  • Size appropriately
  • Define entry levels
  • Define risk capital
  • Develop consistency in risk taking so you can achieve consistent results

Our process, the FX Biscuit, will go deeper than just signal generation. We will offer proper set-ups, complete with candle charts to help users visualize the process.

Example of a Trade Set-up

  • tradesetup
  • Entry: 125.000
  • Stop: 125.40
  • Risk Capital: $ 1,000
  • Sizing: This is one of the most important components in risk managing a position. Below is a sizing table. Such table will be included for every set-up presented.
SECURITY ENTRY STOP RISK NOTIONAL 1-1 TARGET 2-1 TARGET 3-1 TARGET
EURJPY 125 125.4 $ 2,000.00 € 523,250.00 124.6 124.2 123.8
EURJPY 125 125.4 $ 1,500.00 € 392,437.50 124.6 124.2 123.8
EURJPY 125 125.4 $ 1,000.00 € 261,625.00 124.6 124.2 123.8
EURJPY 125 125.4 $ 500.00 € 130,812.50 124.6 124.2 123.8
EURJPY 125 125.4 $ 250.0 € 65,406.20 124.6 124.2 123.8
EURJPY 125 125.4 $ 100.00 € 26,162.50 124.6 124.2 123.8