In this forex trading video we cover the entry,exit reasons and management for our forex swing trading & day trading strategy on USD/JPY. On this forex pair we looked for price action forex trades. If price action is saying we have clear forex trend, we want to look for possible price action pattern after price bounce from major FOREX support 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 forex trading video covers the trading mindset and trading management for day trading or swing trading the USD/JPY pair after price bounced from support and showed us bullish forex price action momentum. Risk management and trading psychologys are major keys to stay consistently profitable forex trader.
In this forex trading video we cover how you could trade the forex structure on Daily , 4 Hourly , 1 Hourly charts using the recent USD/JPY market structure .
In the last few videos we covered the steps to find and trade structure. In this video you will learn how you could trade USD/JPY structure today using the intra day trading charts and price action.
HOW TO FIND CONSISTENTLY PROFITABLE TRADING IDEAS ON THE DAILY BASIS ( trading strategy to trade forex structure ):
1) Clear direction & structure (Combine at least two time-frames)
2) Price close to the Support/Resistance (Do not buy the top/Sell the low!)
3) Bullish/Bearish PA with sizeable Risk:Reward ratio
When you will learn this forex trading strategy, technique you will be able to find forex swing , day trades consistently on week to week basis. In this forex trade video you will also learn very important tips on your trading psychology and mindset for your long-term forex trading success. In this forex trading video we discussed the reason behind taking this those forex trades, trading strategy, top-down approach using the price action, support & resistance zones, timing and most importantly - trading psychology and risk management. Without those two you will not be able to succeed as a trader. Remember this!
Learning to trade the markets is an investment in yourself. You can become successful forex trader if you practice your skills and mindset for a long time. Becoming a successful swing trader, day trader or scalping trader is possible if you have simple, powerful forex trading strategy, if you manage the risk and have right trading psychology. Swing trading the forex market (or stock or futures market) take little bit of more time, but once you become great swing trader you will be able to pull pips, returns out of the market consistently.In this live forex swing trading video you will learn how to approach the markets on daily basis using the market structure, patterns, price action and behaviour.
Key to long-term trading success is simple forex trading strategy, managing your trading risk, being patient, disciplined forex trader and your ability to listen to what the markets are telling you, trusting your experience and believing in yourself. In forex trading (no matter what kind of trading strategy you use) you will have winning and losing trades, but what is important is that your learn to accept your losing trades and focus on the next trade without getting emotionally attached to winning or losing trades. Your forex trading success as a forex swing trader or day trader is not measured by making one or few trades, but over your consistency on the long-term and trying to be best trader as possible in present moment.
Having simple forex strategy with right risk management rules and having the right trading mindset! Our live forex swing trading and day trading videos covers technical analysis, price action on forex pairs using the high-timeframes and market environement explaining why we took, and how we will manage our live forex trades.
Simple trading approach with powerful money management rules and simple trading rules combined with right trading mindset, psychology is the key to long-term success in trading forex. Risk management rules and correct trading psychology is our best trading edge, once we learnt to read the price action and market behaviour.
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.
Editors’ Picks
EUR/USD holds firm above 1.0700 Premium
EUR/USD managed to hold on to its recovery from monthly lows, hovering around 1.0730 ahead of the Asian session. The US Dollar is having a mixed performance amid cautious markets, as investors await news on the debt limit drama.
GBP/USD returns above 1.2400 as USD Index retreats ahead of US Employment/Fed’s Beige Book
The GBP/USD pair has rebounded above the round-level resistance of 1.2400 after a steep correction in the early Tokyo session. The Cable has climbed back above 1.2400 as the US Dollar Index (DXY) has retreated from 104.20.
USD/JPY trades with modest losses below mid-140.00s, downside seems limited
The USD/JPY pair pulls back from a six-month high touched earlier this Tuesday and turns lower for the second successive day. Spot prices slide below the mid-140.00s during the first half of the European session, though any meaningful corrective pullback still seems elusive.
Editors’ Picks
AUD/USD keeps looking at 0.6500 Premium
Busy hours lie ahead for the Australian dollar, with RBA Governor Lowe facing questions from senators and Australian inflation data being released; these are key events ahead of the next monetary policy decision on June 6.
EUR/USD holds firm above 1.0700 Premium
EUR/USD managed to hold on to its recovery from monthly lows, hovering around 1.0730 ahead of the Asian session. The US Dollar is having a mixed performance amid cautious markets, as investors await news on the debt limit drama.
Gold juggles around $1,960 after a rally inspired by US Dollar’s correction
Gold price has turned sideways around $1,960.00 after failing to extend a rally above $1,963.70 in the early Asian session. A quick rally in the Gold price came after a vertical sell-off in the US Dollar Index (DXY).
AI tokens add $17 billion in 24 hours as Nvidia market cap hits $1 trillion
The Nvidia stock, NVDA, and Artificial Intelligence (AI) hype continue to power gains across the Traditional Finance (TradFi) and the Crypto market. With the US-based company hitting a major milestone over the last 24 hours, AI tokens also enjoyed the ensuing bullishness.
US: Confidence shaken amid early tremors in job market
Consumer confidence slipped slightly in May, and while the weakening may reflect short-term worries about the debt ceiling, the more interesting developments reveal how the sand is shifting under consumers' feet.
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