When making a 1 lot currency trade in a mini account, the trade equals 10,000 units of the base currency.  A standard account is 10x the size of a mini, so 1 lot would be equal to 100,000 units of the base currency.  Depending on the broker used, the base currency can be different.  We will use an account held in US dollars for our example.  1 mini lot now equals $10,000.  1 standard lot equals $100,000.  Leverage from the broker enables us to trade large amounts of currency by […]

Earnings season is upon us. Since most companies report earnings based on a calendar basis, the 4th quarter for a lot of companies ended December 31st. Usually, it takes about 3 weeks for companies to start reporting earnings after the quarter ends. Although we have started to see earnings reports coming out this week, the next 2 weeks are going to have many more earnings announcements come forth. This is a time that we can potentially see some major gaps on a stock’s price after an announcement is made, whether […]

Many traders feel that they are able to pick good entry points for trades, but they struggle with when to exit the trade. There is not one right answer as to when to exit a trade. There are numerous reasons to exit a trade and they can vary greatly from one individual to the next. The reason that exit points can vary greatly among traders is that they have different tolerances for risk. Some traders are very aggressive, and some are very conservative, and then you will have those that […]