In this forex trading video we cover the entry,exit reasons and management for our forex trade today on the GBP/USD & how you can trade the forex structure on Daily , 4 , 1 Hourly charts and how you can target the yesterdays highs. In the last few videos we covered the steps to find and trade structure. In this video you will learn how we traded the GBP/USD structure today using the 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
This forex trading video covers the trading strategy for forex structure, trading the forex major pairs after price bounced from S&Rs and showed us bullish forex price action momentum. You will learn how to target yesterday highs. Risk management and trading psychologys are major keys to stay consistently profitable forex trader.
When you will learn this forex trading strategy on structure you will be able to find forex 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.
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 stages a recovery near 1.0760 amid upbeat US Dollar
The EUR/USD rebounds from its three-week low at 1.0723, which was recorded on Friday. The pair trades higher around 1.0760 during the Asian trading hours on Monday. However, the US Dollar received an upward momentum after the release of stronger economic data from the United States.
GBP/USD recovers some lost ground near 1.2550 ahead of the UK employment, US CPI data
The GBP/USD pair holds positive ground during the Asian session on Monday. The pair recovers some lost ground from Friday’s low of 1.2500 and trades around 1.2551, gaining 0.03% on the day.
USD/JPY: Japanese Yen keeps falling, as US Dollar firms up on risk aversion
The Japanese Yen is accelerating its decline against the US Dollar. Reduced bets for an imminent shift in the BoJ’s policy shift undermine the JPY. The US Dollar benefits from upbeat US NFP data and broad risk aversion. The focus shifts to the US CPI data and the Fed decision this week.
Editors’ Picks
EUR/USD stages a recovery near 1.0760 amid upbeat US Dollar
The EUR/USD rebounds from its three-week low at 1.0723, which was recorded on Friday. The pair trades higher around 1.0760 during the Asian trading hours on Monday. However, the US Dollar received an upward momentum after the release of stronger economic data from the United States.
GBP/USD recovers some lost ground near 1.2550 ahead of the UK employment, US CPI data
The GBP/USD pair holds positive ground during the Asian session on Monday. The pair recovers some lost ground from Friday’s low of 1.2500 and trades around 1.2551, gaining 0.03% on the day.
Gold price languishes near two-week low, focus shifts to US CPI and key central bank meetings
Gold price remains under some selling pressure for the second successive day on Monday. Reduced bets for a March Fed rate cut move and a modest USD uptick weigh on the metal. Geopolitical risks could help limit further losses ahead of this week’s key data/event risks.
Ripple plunges alongside altcoins in marketwide crash, Galaxy CEO admits XRP Army is real
The SEC v. Ripple lawsuit is making headlines again as pro-XRP attorney John Deaton criticizes former SEC Chair Jay Clayton for his comments on the court ruling. Clayton believes that the initial issuance of XRP tokens was a securities transaction in the capital raising phase.
Central stage: The big three central banks in focus
As we approach the end of the year, this week holds particular significance for macro observers. The three major central banks, often referred to as the "Big 3" – the Federal Reserve, the European Central Bank (ECB), and the Bank of England (BoE) – are all scheduled to convene.
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