A straddle trade is when you set up two pending orders for the same currency pair. One order would be a buy stop and the other order would be a sell stop. The reason for doing this type of trade would be that you want to capture a potential big move in the pair but you don’t know which way the pair is going to move. This trade could be after the pair has gone through a period of consolidation and you expect that the pair is going to break […]

Don’t Expect Perfect Entry and Exit Points Many beginning traders get frustrated when they enter a trade and the trade starts losing money. This is a normal part of trading in the Forex market. In fact, since most brokers do not charge a commission, they make their money from the spread between the buy and sell prices. The price to buy is going to be slightly higher than the price to sell. This spread can range from just a couple of pips on the major pairs to several or even […]