In this forex trading video we cover how you could trade the forex structure on Daily , 4 Hourly , 1 Hourly charts using the recent NZD/USD market structure . In the last few videos we covered the steps to find and trade structure. In this video you will learn how you could trade NZD/USD structure today using the intra day 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 bullish forex price action momentum. You will learn how to target yesterday highs. 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, trusting your experience and believing in yourself. In forex trading (no matter what kind of trading strategy you use) 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 churns in familiar territory ahead of EU inflation print
EUR/USD struggles to find fresh bids as price action holds near 1.1150. Key EU inflation print due early Tuesday, investors on the lookout for looming NFP. Fed speakers knock back early expectations of further jumbo cuts.
GBP/USD trades with mild losses below 1.3400 ahead of US PMI data
The GBP/USD pair struggles to gain ground around 1.3370 during the early Tuesday. Less dovish remarks from Federal Reserve Chair Jerome Powell provide some support to the Greenback and drag the major pair lower.
USD/JPY regains 144.00 on renewed US Dollar demand
USD/JPY is back above 144.00 in the Asian session on Tuesday, reversing a brief led by the mixed Japanese data and BoJ's hawkish rhetoric on further interest rate hikes. The pair tracks the renewed US Dollar uptick, as traders turn cautious ahead of key US data, Fedspeak.
Editors’ Picks
AUD/USD consolidates strong Aussie Retail Sales-led gains above 0.6900
AUD/USD holds gains above 0.6900 in Asian trading on Tuesday. Stronger-than-expected Australian Retail Sales data continue to underpin the pair amid a broad US Dollar resurgence, as risk sentiment sours. US data and Fedspeak eyed.
USD/JPY regains 144.00 on renewed US Dollar demand
USD/JPY is back above 144.00 in the Asian session on Tuesday, reversing a brief led by the mixed Japanese data and BoJ's hawkish rhetoric on further interest rate hikes. The pair tracks the renewed US Dollar uptick, as traders turn cautious ahead of key US data, Fedspeak.
Gold price trades with mild positive bias above $2,625-2,624 pivotal support
Gold price ticks higher on Tuesday and stalls its recent corrective slide from the all-time top. Bets for further rate cuts by the Fed and geopolitical risks continue to benefit the XAU/USD. Traders now look forward to the release of key US macro data for some meaningful impetus.
Bitcoin and crypto market maintain decline despite Fed Chair Powell's hints at further rate cuts
The general crypto market continued on a downtrend on Monday despite Fed Chair Jerome Powell hinting at the possibility of further interest rate cuts later in the year.
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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