Recent content by ursulamajor

Money management equates with position sizing. Most traditional - fixed fractional, where you risk a percentage of your trading capital on one trade. 1 - 2% is a typical recommendation. Then there is Kelly formula, which estimates the fraction of the capital you can risk according to the results...

If you write a book on how to avoid risk and losses in forex you will become very rich very quickly.

The problem with trading is that there is no formalized training for it, and most traders are either self taught somehow or coached by a company with a trading desk. Companies strictly select candidates and get rid of slow ones pretty quick, so you have to have a knack for trading to survive...

Svetlana, look up "currency ETFs" on Google. That's probably the most straightforward way to invest in a currency besides just buying a bunch of bills. Some links you may find useful: https://www.investopedia.com/terms/c/currency-etf.asp https://etfdb.com/etfs/asset-class/currency/