Have you ever wondered to yourself how to calculate EXACTLY what % of your account balance to risk on a given trade?
I mean you’re sitting there, about to open a trade for what seems to be a good opportunity, but you’re not sure what the optimal volume / lot size is. On one hand, you don’t want to risk too much in case the market goes against you, but on the other hand, you don’t want to risk too little either. Sound familiar?
That’s what we are going to explore today – EXACTLY what % of your balance is it optimal to risk on a given trade. It’s going to be fun!
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Forex Market Hours Map
I’m currently in the middle of creating a video-course for Traders who are just starting out into the unbound Forex Market. In one of the tutorials I talk about Forex Market Hours and I needed a World Map which would visualize Forex Timezones. I looked around but couldn’t find anything decent – all of them were either poorly made or in bad resolution. So I created my own forex market hours map which I want to share with you today!
The timeline at the bottom of the map is based on GMT time. More timezones are available at the bottom of this post.
To Download in HD scroll down and select your timezone
Forex Timezones Explained
You can check out this brief video and understand the essence of Forex market hours and time zones. This video is part of our course Forex Trading A-Z. Now you can watch this part for FREE!
What can we see from this visualisation of Forex Market Hours?
How can we use this information in our trading?
Let’s look at the sessions one-by-one and see what exactly happens over a 24-hour period on the Forex Market. (more…)