In this forex trading video we cover the entry,exit reasons and management for our forex trade today on the AUD/USD & how you can trade the forex structure on Daily , 4 , 1 Hourly, 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 AUD/USD 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. 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. 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 faces a tough barrier around 1.1200
EUR/USD faded the initial uptick to levels just above 1.1200 the figure on Monday, eventually surrendering those gains in response to the strong bounce in the US Dollar ahead of key US data releases later in the week.
GBP/USD loses momentum and breaks below 1.3400
Quite a marked bounce in the Greenback prompts GBP/USD to face renewed downside pressure and breach the key support around 1.3400 the figure ahead of the speech by Chair Powell.
USD/JPY rallies above 143.00 on Japan Ishiba’s dovish dialogue
USD/JPY soars above 143.00 as Japan Ishiba emphasized the need for an accommodative policy stance. Investors await Fed Powell’s speech for fresh interest rate guidance. The Fed is expected to cut interest rates further by 75 bps this year.
Editors’ Picks
AUD/USD: Door open to extra gains near term
AUD/USD outperformed its risk-linked peers and extended its upside impulse to fresh YTD peaks in the 0.6940-0.6945 band at the beginning of the week, mostly on the back of the recently announced Chinese stimulus measures
EUR/USD faces a tough barrier around 1.1200
EUR/USD faded the initial uptick to levels just above 1.1200 the figure on Monday, eventually surrendering those gains in response to the strong bounce in the US Dollar ahead of key US data releases later in the week.
Gold extends slide and pierces $2,630
Gold extends its downward correction to start the week and trades deep in negative territory near $2,630. Profit-taking ahead of the long Chinese holiday and the cautious market mood seems to be weighing on XAU/USD as markets await Fed Chairman Powell's speech.
XRP fails to close above $0.65 support, while Ripple CEO offers optimistic outlook on crypto market cap
Ripple (XRP) made an unsuccessful attempt to close above $0.6500 on Monday, a key level for the altcoin.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
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