In this forex trading video we cover how you could trade the forex structure on Daily , 4 Hourly , 1 Hourly charts using the recent NZD/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 NZD/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 bearish forex price action momentum. You will learn how to target yesterday lows. 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 buyers flirt with resistance-turned-support near 1.0730
EUR/USD remains sidelined around 1.0730-35 as bulls seek more clues to extend the previous day’s recovery from a 10-week low amid Wednesday’s sluggish Asian session. The Euro pair portrays the market’s anxiety as the key European/US data and events stand ready to prod the market’s momentum.
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 consolidates below 140.00, downside seems favored ahead of US labor market data
The USD/JPY pair is displaying a back-and-forth action below 140.00 in the Tokyo session. The asset is expected to extend its downside journey as the upside in the USD Index seems restricted till the release of the United States Employment data.
Editors’ Picks
AUD/USD grinds above 0.6500 on hawkish RBA’s Lowe ahead of China PMI, Aussie inflation
AUD/USD picks up bids to pare the previous day’s losses around 0.6520, after snapping a two-day uptrend, as Reserve Bank of Australia (RBA) Governor Philip Lowe sounds hawkish on early Wednesday in Asia.
EUR/USD buyers flirt with resistance-turned-support near 1.0730
EUR/USD remains sidelined around 1.0730-35 as bulls seek more clues to extend the previous day’s recovery from a 10-week low amid Wednesday’s sluggish Asian session. The Euro pair portrays the market’s anxiety as the key European/US data and events stand ready to prod the market’s momentum.
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).
Bitcoin mining emission approaches net carbon negative as Texas cancels mining curbing bill
Bitcoin mining and the narrative around how Proof-of-Work being one of the most energy-consuming processes in the entire world is set to change. With more sustainable mining methods coming to light and awareness spreading, BTC is close to joining the league of blockchains that have achieved carbon neutrality.
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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