Student’s trades – Pi and his great swing trade on gold (XAU/USD) [Video]


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Pi is one of the students in our Private 1-1 BTFX mentoring program. In this session, he shared his great forex swing trade with more than 1:3 Risk:Reward ratio on Gold using the simple price action style. He is great at his trading mindset, risk management, and technical approach. He is very disciplined with this trading journal and plan and he is on the way to become a great forex gold trader! In this video we discussed students great trade on the metal market - Gold. By doing the top-down approach (GOLD anaylsis) using the high time-frames we can see our student traded the XAU/USD Gold asset with great execution and management. Price action on weekly and daily charts shows the price on Gold was in the downtrend so Pi (our student) took short trade , sell trade on GOLD.

In this video on GOLD (XAUUSD) metal video we covered the top-down approach made by our trading student and his reasons to take this great swing forex trade on gold. 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. Our top-down appraoch , analysis on XAUUSD and weekly forex outlook is done on multiple time frames as Weekly, Daily, 4 Hourly, charts. We post weekly forex forecast videos and trade videos every week. Subscribe, like and comment to stay updated with new trading outlook videos.

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.

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Stay updated of all the news

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Editors’ Picks

GBP/USD battles 1.2300 ahead of BoE interest rate decision

GBP/USD battles 1.2300 ahead of BoE interest rate decision

GBP/USD is battling 1.2300, refreshing a five-month low.in European trading on Thursday. The pair is weighed by the Fed's hawkish stance and increased odds of a BoE rate hike pause, following a surprise fall in UK inflation and SNB's unexpected rates-on-hold decision.

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EUR/USD keeps losses near 1.0650 amid US Dollar strength

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EUR/USD is consolidating losses near 1.0650 in the European trading hours on Thursday. The Fed, as expected, kept rates unchanged but indicated that one more rate hike before the year-end could be appropriate. US yields sit at multi-year highs, underpinning the US Dollar. 

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