The beauty of the Forex (or FX) markets is that you can tailor your risk down to the penny while still trading with the big boys. Because you can trade Micro lots on a higher time frame chart, you are more likely not to get stopped out and will be trading with the longer term trend.
For those who are not familiar with the Forex markets, these 2 videos will help you get started.
Video 1 |
24:48 | Intro to FX-1 -What are the forex markets and how did they get started? |
Video 2 |
25:38 | Intro to FX-2 – How to Calculate a Pip and other details for existing and Future FX traders. |