Forex Technical Analysis, Patterns, Trends and Trade Ideas for This Week
EUR/USD going nowhere last week as I suspected so that has meant buying at strong support at 1.0975/55 (a low for the day here on Friday) & sel…
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Trading profitably is not as hard as many would belive, but there are a few things to consider. Without these strict rules, trading can be hard or even unprofitable.
Whether you are a trend trader, speculating the news, trading consolidation zones or scalping, you MUST stick with that strategy until you manage to master it. Forum sites are full with newbie traders jumping from one to other "money making Holy Grails" that fail to work for them. The reason is simply because they expect fast returns, without even understanding the trading strategy behind it.
After finding your best trading strategy, follow it for a while until you make it profitable. Many traders give up a dissapointed by the strategy tester results. This was never meant to determine profitability, but functionality, simply because what happen in the past will most likely not happen again. You must trade with calm and improve your trading style.
Finally, you should automate trading. You might want to continue trading manually, and not use an expert advisor. This is generally fine, but you might also give up to your fears or temptations and exit or fail to manage a good trade. An expert advisor not only that it saves time, but it can also increase profitability and take the trades management stress from your shoulders.
The market information and trading ideas are a free educational service and not investment advisors.
EUR/USD going nowhere last week as I suspected so that has meant buying at strong support at 1.0975/55 (a low for the day here on Friday) & sel…
Review : The GBP/USD pair has faced strong support at the level of 1.2502 because resistance became support. So, the strong resistance has been alr…
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