RISK MANAGEMENT
When entering a short position what is the formula to find your stop loss pip count?
STOP LOSS – ENTRY= SL
When entering a short position what is the formula to find your take profit pip count ?
ENTRY-TAKE PROFIT= TP
When enter a long position what is the formula to find your take profit pip count?
TAKE PROFIT-ENTRY= TP
When entering a long position what is the formula to find your stop loss pip count?
ENTRY-STOP LOSS= SL
The 5th number from the decimal is called what?
The Pipette
What is the formula to find your max risk in dollars?
Account size x Max Risk %
Indices are measured in what metrics?
Points
When trading JPY pairs what number from the decimal is the pipette?
3rd number from the decimal
When trading JPY pairs what number from the decimal is the pip?
2nd number from the decimal
The 4th number from the decimal is called what?
the pip
How do you calculate your risk to reward
Tp divided by Stop loss
1.12971 how many pips or pips placement does the 9 represent ?
10 pips
Exotic pairs are measured in what metrics?
Pips
1.12971 how many pips or pips placement does the 7 represent ?
1 pip
Define what a spread is?
Bid - Ask
What does CMP mean
Current Market Price
What does PIP mean
Points in Percentage
When trading indices 100 points is equivalent to what pip count?
1000 pips
EURCAD is under price 1.31078, you are waiting to take a long position, what pending order type is the correct one?
Buy stop
What is the maximum risk you should take per trading position?
2%
Bullish
DXY is what currency ?
Dollar
CADJPY is above price 110.040, you waiting for a short position what is the correct pending order to place?
Sell Stop
How do you calculate your lot size?
Max risk in dollars divided by stop loss
Name the manual exit
Ketchup Collapse