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Make money on Dukascopy
Forex Day Trading Risk Management
Every successful forex day trader manages their risk; it is one of, if not the, most crucial elements of profitability.
Keep risk on each trade very small, 5% or less is typical. This means if you have a $3,000 account you shouldn't lose more than $150 on a single trade That may seem small, but losses occur, and even a good day trading strategy will see strings of losses. Risk is managed using a stop loss order.
Forex Day Trading Strategy
While a strategy has potentially many components and can be analyzed for profitability in various ways, a strategy is often ranked based on its win-rate and reward/risk ratio.
Win-rate is how many trades are won out a given number of trades. Say you win 55 out of 100 trades, your win rate is 55%. While it isn't required, having a win rate above 50% is ideal for most day traders. 55% is acceptable and attainable.
If a trader loses 10 pips on losing trades but makes 15 on winning trades, they are making more on winners than they are losing on losers. Even if they only win 50% of their trades, they will be profitable. Therefore, making more on winners is also a strategy component many f…
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Lady_in_Red avatar

Very interesting article

Wovch avatar
Wovch 21 July

very good

madoras avatar
madoras 22 July

very nice article

Lizabeth avatar
Lizabeth 28 July

Good article!

VAISHU09 avatar
VAISHU09 19 Aug.

nice article.

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23/58
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How to lose properly...

OK, so you’ve read the Previous article and you have accepted the nature of trading for what it is; a random distribution of winning and losing trades.
Now, let’s discuss in 5 simple steps how you can lose properly on any given trade that you take:

Step 1:

The first step to losing properly is accepting that you will have losing trades no matter what. Once you accept this, you can move on to the next step, which is about devising a plan to minimize your losses as much as possible.

Step 2:

Next, determine the dollar amount or R value you are comfortable with potentially losing on any one trade. As I’ve written about before, we do not measure risk in pips or percentages, we measure it in dollars or pounds, euros, etc.

Step 3:

Now, you need to calculate your …
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Chaudhry77 avatar
Chaudhry77 12 Oct.

Nice work

khalidamassi avatar

Well written

OlgaBLR avatar
OlgaBLR 14 Oct.

great

Ruteale avatar
Ruteale 20 Oct.

:)) good

massimoscalas avatar

ottimo articolo davvero: bravo!

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18/58
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This article i published in 2 parts, here its first part, hope you all will like.
Learn to Lose Properly
:
I know it sounds cliche, but losing truly is part of winning, especially in trading. If you want to become a complete trader who truly knows how to trade properly, we must learn how to lose properly in addition to actually learning how to trade.
I know this isn’t perhaps a ‘fun’ topic to discuss, and you may not even want to read this article, but I promise you that is a huge mistake. We simply will never make money as a trader if we don’t understand the importance of losing properly in the market and how to do it.
So, for those of you who are looking for an ‘easy fix’ or ‘fast money’ without any losses, you may as well stop reading now. For the rest of you who truly want to have a chance of making consistent money trading the markets, read on…
Train your brain for losing properly…

All too often, I see beginning traders trying to avoid losses in a number of different ways. It seems that people are pre-wired by nature to try and avoid losses, it’s a normal tendency. But, when it comes to trading, this pre-wired trait does us significant damage and will even result in blo…
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Chaudhry77 avatar
Chaudhry77 12 Oct.

Good

khalidamassi avatar

Good one

OlgaBLR avatar
OlgaBLR 14 Oct.

great

klintons avatar
klintons 16 Oct.

Very weii

massimoscalas avatar

molto bene!

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9/59
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In this article, I want to explain strategies and thoughts about FUNDAMENTAL CONTEST. Winning in this contest is not easy, and you should consider many elements. First of all, In the following chart I illustrate factors which are important in case of winning and predicting contest (this is our plan) then I explain each section with the help of charts, tables and pictures.
FRIENDS’ LIKES) this factor will help you to increase your score. In Dukascopy community there are lots of kind individuals whom you can ask for likes, and they will probably put likes for you. Sometimes you must like them in return (this is thoroughly fair). So this is easy but needs a little effort. Also it has a privilege to find friends from all over the world.
COMMENTS) I must precisely say that this is your trump card. Very important. Try to read some predictions (on the internet) about specific news which you want to predict about, and understand the predictions then put them in your own words (what you interpret in next section, put it in words in this section.). Be careful it has been seen that some participants get (-100) score.…
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Marenno avatar
Marenno 2 June

Interesting article

neda avatar
neda 27 June

فوق العاده بود

MaziarE avatar
MaziarE 27 June

neda ممنون

neda avatar
neda 27 June

خواهش می کنم

Chaudhry77 avatar
Chaudhry77 16 Sep.

nice

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23/58
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Yes, you’re still in the right place. You’re still in the School of Pipsology and not in some Japanese pop fan girl site (although Huck may disagree with the rest of the FX-Men on that). No, “Ichimoku Kinko Hyo” ain’t Japanese for “May the pips be with you.” but it can help you grab those pips nonetheless.
Ichimoku Kinko Hyo (IKH) is an indicator that gauges future price momentum and determines future areas of support and resistance. Now that’s 3-in-1 for y’all! Also know that this indicator is mainly used on JPY pairs.
To add to your Japanese vocab, the word ichimoku translates to “a glance”, kinko means “equilibrium”, while hyo is Japanese for “chart.” Putting that all together, the phrase ichimoku kinko hyo stands for “a glance at a chart in equilibrium.” Huh, what does all that mean?
A chart might make things easier to explain…
Whoops. That didn’t help. A few more lines and this’ll resemble a seismograph.
Before you go off and call this gibberish, let’s try to find out what each of the lines is for.
Kijun Sen (blue line): Also called standard line or base line, this is calculated by averaging the highest high and the lowest low for the past 26 periods.
Tenkan Sen (red line): Th…
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16/34
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Make room people,there is a new star on the block. Maybe you have heard of the Dukascopy Social Trading Contest already ,but for those who didn't and don't know exactly what is going on i wrote this article presenting the general idea of the contest, rules, prizes, tips and some secrets that will come in handy when you will deal with the same situations like I did in my first month attending contest.Social Trading is a brand new contest running for 2 months now and even though is a great contest with considerable prizes the number of participants is reduced compared to other contests ,although this one does not require trading skills or programming skills at all. Here it's all about signal trading. The only thing that needs done here is register the contest, chose your signal providers and at the end of the month you can be one of the 10 lucky winners The prizes are as follows: 1st - 500 $; 2nd -400 $; 3rd - 300$ ; 4th - 200$ ; 5,6...10th - 100 $ . Sounds appealing ,doesn't it?. "To good to true...hmm of course there is a catch,there is always one,i will explain that a bit later."Now ,first things first: Step 1: REGISTRATIONYou need to register to the contest and after you rece…
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Metal_Mind avatar
Metal_Mind 20 Oct.

Dear jezz i am glad to see that you liked my article and read .
This article needs an update , but i will tell you some new things that i found out. Regarding providers there is one thing that i didn't wrote about and it is important.

You can check the dukascopy grand prix page to subscribe to providers but there you won't find the top ones which are trading for a long time. You should now that many of these traders have real accounts now and they may not have the time to have a very good performance and check their demo trading accounts. So you should also check traders contest page .

Metal_Mind avatar
Metal_Mind 20 Oct.

There you will find all traders from the month you are attending and you can see their performance. The key to succes is to chose your providers by the criteria of pips expert and not chose by looking at their balance.

You should aim to be subscribed to some traders that are medium or long term traders. I say this because these traders usualy don't trade large volumes, you can subscribe with a biiger share of your account to each one of them , and of course you won't see very high fulctutions of your equity at every 10 pips for you /or against you.

Metal_Mind avatar
Metal_Mind 20 Oct.

So how to chose these traders if it is at the begining of the month??? Well wait 1 day , and you will see there will be some which will distinguish themselvs. There are traders who make 100% return of their account in the first day. You my friend don't want to be subscribed to them .They may outperform but at first mistake they may lose all and so do you. You should check traders by pips expert and chose those with the more pips won in that day and cross that by checking their trading history. Doing all this you will have filtered the majority of you future loses.!!!!!!

Metal_Mind avatar
Metal_Mind 20 Oct.

The rest is active managment & control of your subscribed share and providers as explained very well in my article.

Good Luck , Hope this help , and if you have any questions regarding social or any other i will be glad to help.!!!!!!

jezz avatar
jezz 20 Oct.

just add another text with this text you wrote and name it 'part 2' :). thank you for this elaborated response

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37/46
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In interaction with traders, observe a predominant state in its behavior during operations: fear. Fear of winning and losing This condition affects a blow results in operations. And the fact not be perceived generally entail disastrous consequences. But once identified, it is possible to turn it into insight and prudence. Character essential for profitability. Fear is a feeling that leads to behaviors that can escape the our control. It is inherent in human beings. Once recognized and identified, becomes an additional tool in the application of technical knowledge. How to identify the fear? The big secret is to acknowledge your thoughts, for they are generating feelings. One of the hallmarks of successful investors is exercise insistent self-knowledge, because they were convinced that, through this practice, gained self-control. Ie acquiring a larger domain of emotions, impulse and intuition, knowing uses them. Can also control its own fear. Thus, it makes their operations more efficiently. To identify the fear, the feeling must realize that the causes. Imagine yourself in one of these situations: 1ø - Loss of something desired; 2ø - Loss of prestige; 3ø - Need for approval from o…
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SpecialFX avatar
SpecialFX 19 Apr.

Oi cara! :D It's all about confidence, not enough of it and you become fearful, too much of it and you become greedy and stupid in general...become you think you're invencible. Keeping an emotionally detached and neutral state of mind is the only way to trade successfully in the long run :)

scramble avatar
scramble 24 Apr.

i do really believe we don't trade money, we trade our emotions! concentration is also a good way to manage with fear. when i feel like i'm going to an exam (anxiety, pressure, uncertainty etc..), i just don't trade! history sometimes... teaches! :)

geula4x avatar
geula4x 25 Apr.

+1 Liked: An important article about the psychology of trading. A good trader MUST control his/her feeling and have self discipline! :-)

alifari avatar
alifari 28 Apr.

Excellent article +

hazem2013 avatar
hazem2013 29 Apr.

good work

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19/94
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             Hello Trader,      The momment You have decided to be a PART-TIME TRADER or a FULL-TIME TRADER,You have become an INVESTOR.      A good investor is PASSIONATE about INVESTING, but NEVER INVOLVES EMOTIONALLY with his INVESTMENTS, he MANAGES his investments just like a BUSINESS OWNER manages his Businesses.      TRADING is YOUR BUSINESS... Think at Yourself as a BUSINESS OWNER AND AN INVESTOR at the same time.       So, HOW CAN YOU GET A 1000% PROFIT WITH ONLY 3% RISK PER TRADE?      The answer is simple: Compound Interest       Actually, the answer is COMPOUND PROFIT or COMPOUND RETURN. The profit that you make from a trade(or multiple trades) combined with the initial investment ammount helps you to get larger profits. If You want to understand better the Compound Interest and Compound Return watch this Video.      Actually it is not that simple. You have to have 25 Consecutive Win Trades, and no loss to get to 1000 %, if You have 1:3 medium Risk/Reward Ratio, and a 10% (aprox) PROFIT from your account for every trade that you make.100% (original investment ammount),(100%)+ 10%(profit from the first trade)= 110%,(110%)+ 10%*(110%)= 110%+ 11%= 121%,(121%)+ 10%*(121%)=…
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ImranMughal avatar

Good

MasterFreak avatar

nice article.. keep up the good work ^^

doctortyby avatar
doctortyby 27 Sep.

Compound you positions intro Profits...you need to win some times... too many consecutive losses will ruin your account. If you have more than 3 consecutive losses You Have to Lower your Risk(ex.: from 3% per trade to 1%) untill you get some gains, and some consecutive winnings

Erialda avatar
Erialda 29 Sep.

very good and information article

ante777 avatar
ante777 30 Sep.

Excellent article. I wish you the best luck.

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