In todays forex swing trade video we made an update on GBP/USD bonus position in which we are still in. In this swing trading video you will learn our trading mindset to stay successfull forex swing trader on the long-term, by having the profitable forex trading strategy, trading psychology and powerful risk management rules. As a trader you will always have winning and losing trades.
Do not be afraid to lose trades, because the forex market is the boss, and as a forex trader you do not have control over the outcome of each trade. Only thing you can control is the trading mindset and risk management.
In this GBP/USD forex video you will learn how to manage existing forex swing trade by focusing on the risk management, account preservation and also how to stay in winning trade for a longer time and make sure how and when to take profits out of the market.
As a forex swing trader (or day trader, scalper) you have to understand the big market picture, trends, price action to make better forex trading decisions and manage your forex swing trading positions better. This
GBP/USD forex swing trade video is a quick update on this video:
Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the fx market. Don’t trade with money you can’t afford to lose. You must be aware of the risks of investing in forex and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Weekly forex outlook opinions on this page are for informational purposes only and are not investment advice. You should do your own research before making any investment decisions and take full responsibility for your own results, performance.
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GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
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