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Learn Forex: High Probability Breakout Trading in Forex 01.23

By , Head Forex Trading Instructor
23 January 2013 23:09 GMT

Summary:This video will show you how to determine an appropriate trade size relative to your account size through effective leverage and the “risk management calculator”. We will use last week’s set up on the USDCHF and a new potential opportunity with the GBPJPY to illustrate these tools.

Head Trading Instructor Jeremy Wagner discusses:

*How to use the Donchian Channel Indicator to identify entry and exit points of a trade

*What is effective leverage and why it is important

*What percentage of capital the most to risk on a trade

*How to determine trade size on a developing trading opportunity with GBPJPY

If you are a newer trader to forex, follower the new to forex twitter feed which offers beginning trading tips through @DailyFXEDU twitter handle. The feed can also be found at the DailyFX Learn Forex page.

Best of luck trading!

---Written by Jeremy Wagner, Head Trading Instructor, DailyFX Education

Follow me on Twitter at @JWagnerFXTrader.To be added to Jeremy’s e-mail distribution list, click HERE and enter in your email information.

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23 January 2013 23:09 GMT