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In this video I show you one of my favorite forex trading strategies and how to find support and resistance levels in an up-trending Forex marketing. I will show you how to take these support and resistance levels to find the best entry points where to place your stops and profit targets.
Forex Trading, Weekly Analysis, for – EURUSD, GBPUSD, AUDUSD, USDJPY, USDCAD, EURGBP, GBPJPY and Gold – XAUUSD, 5th – 9th February 2018, Important Levels and New Entry Points. Video sponsored by SimpleFX at https://goo.gl/b24z4e is a robust online trading provider, offering trading with Forex CFDs on Bitcoins, Litecoins, indices, precious metals and energy. Subscribe to my channel at http://www.youtube.com/c/JannaFX
Forex Trading, My Results – https://www.youtube.com/playlist?list=PLgz29NNd2Owl_ei4L_zB4lHMEAs-7VBcP
Forex Fibonacci Strategy – https://www.youtube.com/playlist?list=PLgz29NNd2OwnAXmEXJYIbM_S49YZXDzC1
Forex Channel System. No Signals, No Indicators – https://www.youtube.com/playlist?list=PLgz29NNd2OwmvgcVMBx56oeLQHN4tu1Vr
Forex for Beginners – https://www.youtube.com/playlist?list=PLgz29NNd2Owne9kxhlJKu-lbPOp0dfcfL
Risk warning: Trading foreign exchange and futures on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you, as well as to your advantage. Before deciding to invest in foreign exchange or futures, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange and futures trading, and consult with an independent financial advisor if you have any doubts.
Hey guys, I’m back with another video to help you in answering questions regarding your Forex Trading Strategy. In this particular video I will explain how to find the the best entry and exit points.
To be honest, if there is one thing in trading that I wonder the most, it is how to define the perfect entry. The reason for this is that you can never really predict where the price is going to move from and where to it is heading.
What I do is I break the trade in two parts. First one is predicting which way the pair is going. For that I use fundamentals. For example, we can predict that USD/CAD is going up because we know that in the long-term USD/CAD is going up. When we know which way we want to trade we can determine, roughly, how far the trade is going to go. In this way, we get a very good structural framework to trade from. Obviously, the next part is to decide where to get in. However, as long as you know what fundamentals support the long trade and you have at least a rough idea of where it is heading the specific entry point is not that important. On the other hand, it is important if you want to limit your risk and place the stop losses etc. How do I do it? I simply use levels of support and resistance to get in. My levels are as simple as double zero levels. For instance, 1.2400, 1.2300 and so on.
Thanks for watching and I will be back soon with more videos answering your guys questions and helping you to develop your own Forex Trading Strategy.
http://www.TradeAdvisorPro.com/free – Free forex training and forex signal alerts service.
In this 3 part series, “How to Trade Forex in 3 Easy Steps”, I explain the three steps to being successful as a Forex trader:
1. Proper Equity and Risk Management
2. Optimal Trade Entry and Exits
3. How to Manage Your Trade
This video is #2 in this series that shows you how to choose optimal entry and exit points in your Forex trading.