In today's top forex trade review, we have a live trade setup from one of our students (manoj) who nailed a with trend trade on the EURAUD for +204 pips in just under 2 days! Now I have to be frank - I think the entry could have been improved by a fair chunk, but the overall trade idea was well chosen and executed according to their trading plan. In this trading video I'll show you his trading strategy, exact entry price, his stop loss and take profit levels. I also talk about how the student could have maximized his profit potential and give tips to improve your trading performance.
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Trading Foreign Exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advisce from an independent financial advisor if you have any doubts.