At Visionary Collective, trading comes first. Let's not forget that this is a $5 Trillion per DAY market. Treat forex with respect, and you shall be rewarded. Use some of the following tools to elevate your trading game.
LOT SIZE CALCULATOR
No more having to guess if you're using proper risk management anymore - just plug in 3 numbers and it spits out the lot size you should be using on that trade. KEEP THIS AS THE TOP WINDOW UP IN YOUR BROWSER!!!
One thing you must know about news is that it is most often the catalyst for the BIG spikes in the market. We're talkin 30-50-100-200 pips in a matter of seconds or minutes... Be AWARE of when these high impact (aka red folder) news events are happening.
currency strength meter
Which currency is strong? Which is weak right now? This can serve you as an added confirmation to take your trade.
You may notice that certain pairs move the exact same. Others move the exact opposite like a mirror. If you can identify pairs that correlate, you may be able to get a jump on a move before it happens!
USDCAD & WTICrude Oil
EURUSD & GBPUSD
EURUSD & AUDUSD
EURUSD & NZDUSD
USDCHF & USDJPY
AUDUSD & NZDUSD
GBPUSD & GBPCHF