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 15,5 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):
-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.
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 advances toward 1.0900 on renewed USD weakness
EUR/USD gains traction and rises toward 1.0900 following a two-day decline. The improving risk mood makes it difficult for the US Dollar (USD) to find demand and helps the pair push higher. Markets await US consumer sentiment data for March.
GBP/USD rebounds from session lows, stays near 1.2950
GBP/USD recovers toward 1.2950 after falling below 1.2920 with the immediate reaction to the disappointing macroeconomic data releases from the UK in the early European session. The renewed USD weakness amid a positive shift seen in risk sentiment helps the pair hold its ground.
Japanese Yen weakens further after Japan's Rengo agree to lower wage hike than demanded
The Japanese Yen drifts lower amid a slight improvement in the global risk sentiment. Japan's Rengo trade union secured an average wage hike of 5.46% for fiscal 2025.
Editors’ Picks
Gold retreats after setting new record-high above $3,000
Gold corrects lower and trades below $3,000 after setting a new record-high above this level earlier in the day. Rising US Treasury bond yields and the upbeat market mood seems to be limiting XAU/USD's upside for the time being.
EUR/USD advances toward 1.0900 on renewed USD weakness
EUR/USD gains traction and rises toward 1.0900 following a two-day decline. The improving risk mood makes it difficult for the US Dollar (USD) to find demand and helps the pair push higher. Markets await US consumer sentiment data for March.
GBP/USD rebounds from session lows, stays near 1.2950
GBP/USD recovers toward 1.2950 after falling below 1.2920 with the immediate reaction to the disappointing macroeconomic data releases from the UK in the early European session. The renewed USD weakness amid a positive shift seen in risk sentiment helps the pair hold its ground.
US SEC may declare XRP a 'commodity' as Ripple settlement talks begins
The US SEC is considering declaring XRP as a commodity in the ongoing settlement talks with Ripple Labs. FOX News reports suggest Ethereum's regulatory status remains a key reference for XRP’s litigation verdict.
Week ahead – Central banks in focus amid trade war turmoil
Fed decides on policy amid recession fears. Yen traders lock gaze on BoJ for hike signals. SNB seen cutting interest rates by another 25bps. BoE to stand pat after February’s dovish cut.
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The Best brokers to trade EUR/USD
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