Learn Forex: Biggest Mistakes Traders Make (Video)

Summary:Understanding risk management is an important skill for any trader to master.Today we will discover the number one mistake traders make and how to avoid it.

Trading Instructor Walker England discusses:

*What is a risk reward ratio?

*Why stop placement important.

*How to maximize your trading opinion.

This week, we focused on the number one mistake traders make. Normally traders risk more when they are wrong, than what the profit from being right. To combat this we will look at setting risk reward levels to help determine our stop and limit placements on our trades.

In the webinar, I reference a number of indicators to help trail your stop orders forward to lock in profits during trending markets.

---Written by Walker England, Trading Instructor

To contact Walker, email wengland@fxcm.com. Follow me on Twitter at @WEnglandFX.

To be added to Walker’s e-mail distribution list, CLICK HERE and enter in your email information

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2523-0.0003-0.03%
    USDSGD=X
    1.7301-0.0003-0.02%
    EURSGD=X
    2.1032-0.0002-0.01%
    GBPSGD=X
    81.8047+0.0373+0.05%
    SGDJPY=X
    6.1921+0.002+0.03%
    SGDHKD=X
    2.5855+0.0007+0.03%
    SGDMYR=X
    9,118.8623-1.4404-0.02%
    SGDIDR=X
    4.9704-0.0028-0.06%
    SGDCNY=X
    1.1692+0.0001+0.01%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,294.00-7.90-0.61%
    GCQ14.CMX
    19.60+0.02+0.08%
    SIK14.CMX
    90.18-0.65-0.72%
    ^XAU
    3.05+0.02+0.51%
    HGK14.CMX
    104.30+0.83+0.80%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.73+0.08
    ^FVX
    2.72+0.08
    ^TNX
    3.52+0.06
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.115-0.002-1.71%
    B22.SI
    0.48+0.020+4.35%
    5GJ.SI
    2.27+0.090+4.13%
    5ME.SI
    2.190.0000.00%
    JS8.SI
    0.61+0.005+0.83%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.162+0.034+26.56%
    5GF.SI
    0.20+0.034+20.48%
    5WD.SI
    0.59+0.050+9.26%
    L5I.SI
    0.28+0.020+7.69%
    C33.SI
    0.215+0.015+7.50%
    5UE.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.103-0.010-8.85%
    5OS.SI
    0.112-0.008-6.67%
    5RC.SI
    0.355-0.025-6.58%
    KJ9.SI
    0.215-0.015-6.52%
    F9M.SI
    0.29-0.020-6.45%
    5PC.SI