In todays live forex day trading video we covered AUD/USD day trading opportunity we took today in London trading session. We took this trade together with our forex mentoring students since we liked the price action on AUD/USD. In this forex live trading video you will learn how to trade forex (or futures or stock market) by combining the price action such as forex support and resistance zones, timing, market behaviour and price patterns.
In todays AUD/USD forex trading price action we were looking to sell the australian dollar against the US dollar, once price bounces from major horizontal resistance, and showed bearish momentum. Day trading the forex market takes experiences and it is strategy for advanced forex traders, since you must understand the big market picture and also the lower time frames (day trading) charts such as 5 min charts.
Combining the swing trading strategies and day trading strategies together can help you grow your trading account faster, but it must be done with correct risk management and trading mindset, since forex day trading takes more time and you as a forex trader must make decisions quicker (in relation to swing trading). In todays AUD/USD live trading video you will learn how to trade forex with bounce forex trading strategy.
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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