In this forex trading video we cover how you could trade the forex structure on Daily , 4 Hourly , 1 Hourly charts using the recent GBP/USD 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 GBP/USD 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
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.
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.
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 drops to fresh three-week lows despite US data
EUR/USD fell to 1.0770 during the American session, the lowest level in three weeks. The pair faces downward pressure, largely driven by a strong US Dollar. The Greenback remained resilient despite weaker-than-expected US data. On Thursday, more jobs data is due with Jobless Claims, ahead of Friday's NFP.
GBP/USD heads for fourth consecutive daily loss
GBP/USD broke below 1.2580 and fell to 1.2566, reaching the lowest level since November 24. The US Dollar stays relatively resilient despite softer US jobs data and lower Treasury yields.
USD/JPY is steady below 147.45 resistance ahead of the US ADP report
The US Dollar keeps a mild bid tone on the Early European trading session, with the pair trading within a narrow range below the 147.45 resistance area and bears contained above 147.00 so far.
Editors’ Picks
EUR/USD drops to fresh three-week lows despite US data
EUR/USD fell to 1.0770 during the American session, the lowest level in three weeks. The pair faces downward pressure, largely driven by a strong US Dollar. The Greenback remained resilient despite weaker-than-expected US data. On Thursday, more jobs data is due with Jobless Claims, ahead of Friday's NFP.
GBP/USD heads for fourth consecutive daily loss
GBP/USD broke below 1.2580 and fell to 1.2566, reaching the lowest level since November 24. The US Dollar stays relatively resilient despite softer US jobs data and lower Treasury yields.
Gold faces mixed risks, fails to capitalize on lower yields Premium
Gold recovered toward $2,030 after testing $2,020 earlier in the day. The benchmark 10-year US Treasury bond yield declined to its lowest level in three months below 4.15% after US employment data and helped XAU/USD gain traction.
XRP price aims at $0.7 as Ripple whales accumulate $37 million worth of tokens in three weeks
XRP price has been moving sideways for the past few days after greatly benefitting from the partial win it attained in the lawsuit filed by the Securities & Exchange Commission (SEC). However, Ripple’s CEO decided that the credit largely goes not to himself or the company but to its supporters.
WTI plunges below $70.00 in upbeat US inventory report, China’s economy concerns
The US crude oil benchmark dropped below $70.00 per barrel after a solid inventory report in the United States (US) concerned market participants, outweighing the drawdown in crude stocks. WTI is trading at $69.52, down more than 3%.
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