In this live forex swing trade video you will learn how to trade the markets (forex, futures, stocks) when the market is moving sideways, in the range. When you see sideways price action, and when the price is bouncing from major support or resistance zones, you want to pay attention especially when the market was moving into support or resistance stronly without any bigger retracement on the way.

This EUR/USD forex 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.

When you will learn this trading strategy, technique you will be able to find forex swing trades (or day trades) consistently on week to week basis. In this live forex swing trade video you will also learn very important tips on your trading psychology and mindset for your long-term forex trading success.

In this live forex swing trade video we discussed the reason behind taking this EUR/USD trade, 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.

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.

Education feed

Editors’ Picks

EUR/USD: Bears seeking break of 2-hour support

The bears are seeking a sizeable retracement in the pair following the recent bullish spike on the daily time frame which has already started to retrace. There are prospects, at this juncture, of a retest of old support that would be expected to act as new resistance. 

EUR/USD News

GBP/USD soars to 1.41 after UK elections, US Nonfarm Payrolls

GBP/USD has hit a new three-month high just above 1.41 after the SNP failed to win a majority in Scotland and as the UK is set to extend its reopening. The dollar is still suffering from Friday's weak jobs report.

GBP/USD News

USD/JPY Forecast: Bears hold the grip

US Treasury yields set the tone for USD/JPY as stocks struggle for direction. The American dollar is the weakest after terrible employment figures. USD/JPY is at risk of falling further and pierce the 108.00 level.

USD/JPY News

Editors’ Picks

EUR/USD: Bears seeking break of 2-hour support

The bears are seeking a sizeable retracement in the pair following the recent bullish spike on the daily time frame which has already started to retrace. There are prospects, at this juncture, of a retest of old support that would be expected to act as new resistance. 

EUR/USD News

GBP/USD soars to 1.41 after UK elections, US Nonfarm Payrolls

GBP/USD has hit a new three-month high just above 1.41 after the SNP failed to win a majority in Scotland and as the UK is set to extend its reopening. The dollar is still suffering from Friday's weak jobs report.

GBP/USD News

XAU/USD 4-hour support is a hurdle for the bears

The price of gold is trading at $1,836.81 at the time of writing and is up on the day by some 0.30%. The bulls, however, are backing off on what could be profit-taking as the US dollar stabilises within a narrow range on Monday vs a basket of major currencies.  DXY is flat and has stuck to a 90.0420/3390 window.

Gold News

ETH soars above $4,000, as BTC and XRP struggle

Bitcoin price beginning to hint at a complex topping process. Ethereum price shakes off rising wedge pattern to test new Fibonacci extension level.

More Crypto News

UK GDP Preview: Contraction to trigger correction? Sterling set for a reality check

The UK is projected to report a 1.7% contraction in the first quarter.  Optimism about a vaccine-led recovery from the second quarter onward is baked into the price. A reminder of past weakness may trigger a much-needed correction after the big breakout.

Read more

RECOMMENDED LESSONS

7 Ways to Avoid Forex Scams

The forex industry is recently seeing more and more scams. Here are 7 ways to avoid losing your money in such scams: Forex scams are becoming frequent. Michael Greenberg reports on luxurious expenses, including a submarine bought from the money taken from forex traders. Here’s another report of a forex fraud. So, how can we avoid falling in such forex scams?

What Are the 10 Fatal Mistakes Traders Make

Trading is exciting. Trading is hard. Trading is extremely hard. Some say that it takes more than 10,000 hours to master. Others believe that trading is the way to quick riches. They might be both wrong. What is important to know that no matter how experienced you are, mistakes will be part of the trading process.

Strategy

Money Management

Psychology