And we are back with another Top Trade Review from one of our students, this time a MEAN REVERSION trade on Gold (XAUUSD) for a total of +4560 points of profit and 8.4R return. In this video we look at the exact price action strategy, stop loss and take profit our student used to bank this winning trade, along with suggestions to improve trade performance.
Visit our website at 2ndSkies for more price action content, free trading lessons, strategies and videos. Find out how we can help you to change the way you think, trade and perform.
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.
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