In this forex trading video we cover the entry,exit reasons and management for our forex trade today on the USD/CAD & how you can trade the forex structure on Daily , 4 , 1 Hourly, 15 minute , 5 minute charts and how you can target the next support/resistance. In the last few videos we covered the steps to find and trade structure. In this video you will learn how we traded the USD/CAD structure today using the 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 forex price action momentum. You will learn how to target next support/resistance. 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.
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.
Recommended Content
Editors’ Picks
AUD/USD: The loss of 0.6700 could spark extra weakness
The selling pressure in the risk-linked universe gathered extra pace on the back of the firmer tone in the greenback, motivating AUD/USD to retreat for yet another session and challenge the key support around 0.6700.
EUR/USD: Next on the downside comes the 200-day SMA
EUR/USD partially reversed the recent two-day advance on Thursday, breaking below the key support at 1.0900 the figure amidst the increasing upside impetus in the US Dollar and the dovish hold by the ECB.
Gold approaches $2,450 as US Dollar corrects
Gold holds steady above $2,460 on Thursday after posting small losses on Wednesday. The rebound seen in the US Dollar amid risk aversion and the US Treasury bond yields' resilience, however, limits XAU/USD's upside in the American session.
Shiba Inu crushed by 5 trillion SHIB transfer, $230 million WazirX hack
Shiba Inu (SHIB), one of the largest meme coins in the crypto ecosystem suffered a steep correction early on Thursday, following a hack on an Indian crypto exchange. Data from on-chain intelligence tracker Arkham shows that WazirX exchange was exploited for over $102 million in SHIB tokens.
ECB review: A ‘wide open’ September meeting
Today, the ECB held its policy rates unchanged, as unanimously expected by markets and analysts. The central bank did not send any signals for the September decision, where it repeated its call for a data-dependent and meeting-by-meeting approach.