Rubiesfx Network

This week we would be focusing on the WTI CRUDE OIL. Last week we saw the Us oil drop as it hit a strong resistance at about $40, the news of POTUS testing positive to the corona virus also contributed to the fall. At the moment we can see that price is sitting on a support level with a reversal candle stick which gives us confluence. We would be waiting for a confirmation to get into this trade setting a buystop @37.20, [email protected], [email protected]. Remember practice risk management.

Position sizing refers to the size of a position within a particular portfolio, or the amount that an investor is going to trade. Traders use position sizing to help determine how many units of security they can purchase, which helps them to control risk and maximize returns. Well here you have it. Must people wonder why they always break their accounts!! Now it’s because of poor risk management and position sizing. Let us help you you became a consistent profitable trader!! Contact us today.

Happy Sunday guys. It’s a new trading week and a new month. This is also NFP week so the market might be slow because of NFP. Nonetheless we would be looking at this week. So we would see that this pair has been in a repeated market pattern. We are hoping for a good NFP results which would be good for USD. From our analysis we would see that the market price is heading towards the demand zone. We would be looking forward for a buy bias, we would enter this trade with a buystop just above the demand zone at 105.324 allowing the market move how it wants to. Our Tp would be the first resistance at 106.442. The sl would be below the last low at 104.807. Our risk to reward on this trade is 1:2.

What is a spread in forex trading?

Every market has a spread and so does forex. A spread is simply defined as the price difference between where a trader may purchase or sell an underlying asset. Traders that are familiar with equities will synonymously call this the Bid: Ask spread.
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