When you have a trade that pretty much never goes into the negative, you know you got three things right:
- The right direction
- The right timing
- The right location
That is exactly what happened on this forex trade where my student 'Gentleman' fattened his bank account by nailing the $EURCHF for +53 pips. But the best part of this trade was how he got all 3 of the above right. And because of that, his trade was in profit 95% of the time. When you nail one of these, it feels good as a trade, and...it puts more money in your account.
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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.