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HOW TO ENTER TRADES
You simply enter trades when there is a break out. The next question that comes in is how do we know a breakout and when do we enter the trade. What i would be explaining now is a big secrete and you would probably get 100% win rate all the time if properly followed.
A...
Trade the right timeframe
Timeframes are going to play a huge part in how successful you are as a trader. Generally when we first embrace Forex trading, we are easily lured into the lower timeframes. Other trades make promises that the lower timeframes offer ‘more trading opportunities’...
There are four main types of forex traders:
The Scalper
The Day Trader
The Swing Trader
The Position Trader
Scalpers hold onto for a few seconds to a few minutes at the most. Their main objective is to grab very small amounts of pips as many times as they can throughout the busiest times of...
Newton is a physicist, he gave laws governing governing motion and gravity, I used his three laws to speak abt demand and supply, I'm away now, sure I will send chart when I'm on seat
How to tell when Support or Resistance will break — so you don’t get “trapped”
The takeaway is this:
Support tends to break in a downtrend
Resistance tends to break in an uptrend
Support and Resistance tend to break when there’s buildup
Here’s why…
Resistance tends to break in an uptrend...
By its very definition, a trend is something that has already happened. It is only recognized after the fact.
Now, what causes the most confusion is deciding on a trade direction once the trend direction is determined. We have all heard the age-old trading phrase, The trend is your friend and...
There are 5 possible outcomes for your trade:
1. Breakeven
2. Small win
3. Small loss
4. Big win
5. Big loss
Eliminate #5 and you’ve just taken a big step forward.
Let me explain further the five trades outcome I listed above
1. Breakeven is when you decide to go risk free by moving your...