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Module 1 | Getting Started | - |
Unit 1 | 10 Secrets for Success in this Program | |
Unit 2 | Success Starts from Within | |
Unit 3 | House Rules | |
Module 2 | Resources and Tool Kit | - |
Unit 1 | Glossary | |
Unit 2 | Basic Forex Terminologies | |
Unit 3 | Charting Software | |
Unit 4 | Useful Learning Tools | |
Unit 5 | Make Back Testing Your Friend | |
Unit 6 | Forex Calender | |
Unit 7 | Drawing Tools | |
Module 3 | How the Market Works? | - |
Unit 1 | How the Market Works? | |
Unit 2 | When is the Forex Market most Liquid? | |
Unit 3 | Price Never moves in a Straight Line | |
Unit 4 | Price Cyclicity | |
Unit 5 | Price Action 101 | |
Unit 6 | Support & Resistance 101 | |
Unit 7 | Market Watch | |
Module 4 | TA Level 1 | - |
Unit 1 | Horizontal Support & Resistance Level 1 | |
Unit 2 | Trend Lines | |
Unit 3 | Fibonacci Retracement | |
Unit 4 | Market Conditions | |
Unit 5 | RSI Convergence | |
Module 5 | TA Level 2 | - |
Unit 1 | Horizontal Support & Resistance Level 2 | |
Unit 2 | Price Action Level 1 | |
Unit 3 | Market Consolidation | |
Unit 4 | Timeframe Correlation Level 1 | |
Unit 5 | Confluence of Factors | |
Unit 6 | RSI Divergence - Regular | |
Unit 7 | Price Action Level 2 | |
Module 6 | Trading Level 1 | - |
Unit 1 | How to Choose a Broker | |
Unit 2 | Risk Management 101 | |
Unit 3 | Trading System Level 1 | |
Unit 4 | Trading Journal Made Easy | |
Unit 5 | Trade Sizing | |
Unit 6 | Placing Orders | |
Unit 7 | Money Management Level 1 | |
Unit 8 | Trade Management Level 1 | |
Unit 9 | Creating Price Alert | |
Module 7 | What's Next? | - |
Unit 1 | The Start of the Journey | |
Unit 2 | YouTube & Discussion | |
Unit 3 | Feedback & Development |
Hi Alwin
why do you add spread on both sides of the trade…?
Spread is only paid once in a turn-around trade, always on the buy… i.e. in a long trade on the Entry, in a short trade on the SL….
Hi Hanuman,
I think there’s a slight confusion here. Unless I misread your question, the calculation above is not for calculating the cost of trade but to identify a price level that is safe to place your orders.
Having said that, you are right in that you don’t really need to add the spreads on both sides of the trade. The correct calculation should have been
Long Entry = Ask Price + Buffer
SL = Bid Price – Buffer
Short Entry = Bid Price – Buffer
SL = Ask Price + Buffer
I have included the spread calculations in the course because, unless you contact your brokers, some brokers do not mentioned if the charts are Bid Price charts or Ask Price charts
Hope that make sense?