In this live forex swing trade we cover the management for USD/JPY trade. On this forex pair we looked to sell the USD against the JPY, as we saw the price action is clearly pointing out there is major downtrend. If price action is saying we have clear forex trend, we want to look for possible price action pattern after price bounce from major 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 stratetegy, plan. This live forex trading video covers the trading mindset and trading management for our swing forex trade after price bounced from resistance and showed us bearish forex price action momentum.
Risk management and trading psychologys are major keys to stay consistently profitable forex trader. Check this live forex swing trade and management video to improve your trading process.
This USD/JPYforex swing trade is an live trading example how you can trade forex (or any other financial market) when the price is moving inside of range, and how you can find powerful swing trading, day trading or scalping trades, using 4 hourly and 1 hourly entries and exits.
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.