Myanmar Trader Care

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Practical forex articles, broker guidance, and trading education for Myanmar traders.

A 24-hour timeline in Myanmar time marking the London to New York gold overlap from 6:30 to 11:30pm, the London session, the Asian session, and the quiet hours
When gold actually moves, in Myanmar time
By Myanmar Trader Care

Myanmar sits at UTC+6:30, which puts the hours that move gold in the evening and the hours that chop it in the afternoon. If your XAUUSD setups keep stalling, the clock may be the reason rather than the strategy.

Diagram: a 500 USD balance at 2 percent risk with a 40-pip stop gives 10 USD of risk, 0.25 USD per pip, and a 0.02 lot position
How much should one trade risk?
Favourite
By Myanmar Trader Care

Most accounts are not lost to bad analysis. They are lost to one trade that was too big. Here is the arithmetic that decides your lot size before you place an order, with a worked example on a 500 USD account.

Diagram: the three costs of a trade, and a comparison showing one pip of spread is 2.5 percent of a 40-pip stop but 25 percent of a 4-pip scalp
What a trade really costs you
By Myanmar Trader Care

The spread is the cost everyone notices. Commission and overnight swap are the two that quietly decide whether a strategy is profitable. Here is how to find all three on your own platform, and how to judge whether they are reasonable.