The trade you will see here involves trading inside a bullish channel pattern. The price of the GBP/USD has been following an upward channel and I hopped in after one of the bounces from the lower level. This way I rode a bullish price impulse to the upper level of the channel. Signals for the […]
This time I have a Forex video example of a classical pattern that often appears on the Forex charts. This is the Head and Shoulders chart pattern that usually reverses the bullish trends to set the beginning of a fresh bearish run. This is what actually happened on the chart. Signals of the Head and Shoulders Trade The […]
Hello Forex Traders! I have a new trading example for you on the EURUSD chart. I managed to trade a bullish trend bounce on the 15 minute chart and to lock in some guaranteed profit. The fact that I adjusted my Stop Loss order above my entry point saved me from a big danger. Signals […]
The Forex trading example we have for you today involves a well-known candlestick pattern called Spinning Bottom candlestick. This is a single candle pattern that has reversal functions on the chart. We spotted the pattern on the 15-minute chart of the USD/CHF Forex pair and we traded it successfully. The candle emerged during a price […]
In this live Forex trading example I attempted to trade a bounce from a bearish trend line on the M5 chart of the AUD/CAD Forex pair. This created a nice short trading opportunity on the chart. However, things did not develop exactly as planned and I did an early exit from the trade. Signals of the […]
In this live Forex trading example i will show you the way I traded a bearish impulse that came after a Forex support breakout. The example takes place on the H1 chart of the AUD/USD Forex pair a.k.a Aussie. The trade also involves the successful usage of a Hanging Man candle pattern as a confirmation. Signals […]
This time the live Forex trading example covers a trade taken on the M15 USD/JPY chart as a result of a Forex consolidation breakout. The consolidation comes after a sharp price decrease and a breakout through its upper level was the reason why I opened a long trade on the general assumption that the price […]
For many of us, making money on the FOREX market would be a dream come true, providing both financially independence and a truly flexible schedule.
Consistent gains are possible once you learn the ropes, but only if you actually invest in your FOREX education. So what exactly do you need to learn? Read on to discover the 7 best ways to do exactly that.
Building a trading strategy is obviously not easy, but once you’ve tested your trading system you can then follow it on “autopilot” – the system makes the decisions, you’re just implementing them. This allows you to be more efficient in the long-term. Why test your trading plan? How do you test it and what by criteria should you be evaluating it?
If you want to become an active trader, there are basically 2 options: become a day trader, or a swing trader. Both are seeking to take advantage of short-term movements. You can also turn to scalping, which is the most aggressive type of trading. Let’s focus here on Day Trading: its pros and cons and if it’s the trading style that fits you best.
