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ForexBob

Blog

Learn to trade with a plan

Practical articles from our team on risk, position sizing and how the forex market works.

Forex basics3 min read

Standard, mini and micro lots explained

What a lot is, how much each size is worth per pip, and why the right lot size changes on every trade.

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Risk management3 min read

Leverage and margin explained, without the jargon

How leverage works, what margin and a margin call are, and why leverage doesn't decide your risk. Your position size does.

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Risk management3 min read

Drawdowns and losing streaks: what's normal and how to survive them

Even a good strategy hits long losing streaks. The odds of 5, 8 or 10 losses in a row, and the rules that stop a drawdown becoming a disaster.

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Risk management3 min read

Risk-reward ratio vs win rate: why one number never tells you enough

A 75% win rate can lose money and a 35% win rate can make it. How to work out the win rate you need for any risk-reward ratio.

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Forex basics4 min read

How to read a forex signal (and what to do when price has already moved)

Entry, stop loss and three targets: what each part of a signal means, how to size it for your account and when to skip a trade.

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Forex basics3 min read

How to check a forex signal provider before you pay (including us)

Screenshots prove nothing. What verified track records look like, the red flags that matter, and the questions to ask any signal service.

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Forex basics4 min read

Forex trading for beginners: a realistic first 90 days

What to learn first, how long to stay on demo, and how to make your first live trades small enough that mistakes stay cheap.

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Trading psychology3 min read

Revenge trading and overtrading: why traders break their own rules

The two habits behind most blown accounts, the warning signs to watch for, and simple rules that stop a bad day from becoming a bad month.

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Analysis3 min read

Trading gold (XAU/USD): what moves it and how to size it

Why gold moves differently from currency pairs, the drivers to watch, the best hours to trade it and how to size positions when $1 is $100 per lot.

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Risk management3 min read

Where to place a stop loss (and where not to)

Stops belong where your trade idea is proven wrong, not at a round number of pips. Structure, volatility and the spread, with examples.

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Automated trading4 min read

How to judge an Expert Advisor before you run it on real money

What we look for when we test an EA: backtest quality, out-of-sample results, equity drawdown, grid and martingale warning signs and a live record.

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Market sessions3 min read

Trading around news releases: NFP, CPI and central bank decisions

Why spreads widen and stops slip around big data releases, which events matter most, and three sensible ways to handle them.

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Analysis2 min read

Pivot points explained: the levels day traders watch

How daily pivot points are calculated from yesterday's high, low and close, a worked example, and how to use them for bias, stops and targets.

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Analysis3 min read

Fibonacci retracements: how to draw them and how to actually use them

Which swing to measure, what the 38.2%, 50% and 61.8% levels mean, and why Fibonacci works best as a map for stops and targets rather than a signal.

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Automated trading4 min read

How to backtest a trading idea without fooling yourself

Look-ahead bias, curve fitting, missing costs and the control test most traders skip. The mistakes that make bad strategies look good.

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Trading psychology3 min read

How to keep a trading journal you'll actually use

The ten things to record on every trade, how to measure results in R, and a weekly review that turns your own trades into your best teacher.

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Market sessions2 min read

The four forex trading sessions, and when the market moves

Sydney, Tokyo, London and New York: when each session trades, which pairs are most active, and why the overlaps matter.

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Forex basics2 min read

What is a pip, and what is it worth?

Pips, lots and pip value explained with simple examples, including pairs quoted in yen and accounts in a different currency.

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Risk management3 min read

How much should you risk per trade?

Why a small, fixed risk per trade keeps you in the game, and how to turn it into the right lot size for every stop loss.

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