GBP/USD forex swing trade – Trading strategy, mindset and risk management [Video]
|In this live forex swing trade, we cover the forex trading strategy for GBP/USD live forex swing trade we took this week twice. We covered the entry,exit reasons and management for GBP/USD swing trade and the importance of mindset and risk management in trading forex. On this forex pair we looked to sell the GBP against the USD as we saw the price action is clearly pointing out there is a possible continuation lower. If price action is saying we have clear forex trend, we want to look for possible price action pattern after price bounces from major fore resistance zones. If price action looks nice we want to look for clear forex swing trade, day trade or scalping opportunites, depends on your trading style and trading strategy, plan.
This live forex swing trading video on GBP/USD covers the trading strategy, psychology mindset and risk management for our swing forex trade after the price bounced from resistance and showed us possible bearish forex price action momentum. Risk management and trading psychology are major keys to stay consistently profitable forex trader. Check this live GBP/USD forex swing trade, management and forex breakout strategy video to improve your trading process.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.