In this forex trading video we cover the entry,exit reasons and management for our forex trade today on the USD/CAD and how you can trade the forex structure on daily, four, hourly, and 15 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):
- Clear direction & structure (combine at least two time-frames)
- Price close to the support/resistance (do not buy the top/sell the low)
- 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 and 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. In forex trading 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.
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
EUR/USD: US inflation and the European Central Bank taking centre stage
The EUR/USD pair changed course after extending its slide to 1.1025, finding some positive footing mid-week to settle near 1.1100 after peaking at 1.1154 on Friday. The focus remained on macroeconomic data that could affect the upcoming central banks’ monetary policy decisions.
GBP/USD: Pound Sterling capitalizes on increasing bets of large Fed rate cut
Following a drop below the key 1.3100 support earlier in the last week, the Pound Sterling managed to regain balance against the US Dollar, lifting GBP/USD back north of the 1.3200 hurdle soon after US Nonfarm Payrolls disappointed expectations on Friday.
Gold sellers take a step back as $2,500 support stays intact
After staying under modest bearish pressure in the first half of the week, Gold benefited from falling US Treasury bond yields and reclaimed $2,500. August inflation data from the US could fuel the next directional move in the precious metal.
Aptos, Stark, XAI, Render prepare for $111 million cliff unlocks this week
The crypto market is set to witness cliff unlocks totaling $111 million next week. Aptos and Starknet will see the highest volume, with new tokens entering circulation worth $64 million and $25 million, respectively.
Nonfarm Payrolls expected to show modest hiring rebound in August after July’s tepid report
The Nonfarm Payrolls report is forecast to show that the US economy added 160,000 jobs in August, after creating 114,000 in July. The Unemployment Rate is likely to dip to 4.2% in the same period from July’s 4.3% reading.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.