Tag Archives: forex day trading strategy video

Where to Place a Stop Loss When Trading

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stock market swing trade stop loss example
Always set a stop loss order when day or swing trading. While we form expectations and make trading decisions based on what we believe will happen using our tested method, the fact is, at any moment price can do anything. Not having a stop loss in place leaves us susceptible to a very large loss. Stop losses control risk, but need to be placed at a price that still allows the market to move toward…

ABC Forex Trading Strategy For Trends and Reversals (Video)

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abc forex trading strategy
The ABC forex trading strategy is a simple but highly effective price-based pattern that can be used for both forex trading and analysis purposes. It takes advantage of the natural tendency for the price of a currency pair to move in one direction, making several swings, before reversing and swinging in the other direction. Therefore, this pattern can be used to trade trends and reversals. This pattern occurs on all times frames and is utilized…

Understanding Forex Market Hours and Forex Hourly Tendencies

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EURUSD volatility by hour of day
Learn how forex market hours and sessions affect your trading. Each hour of the day, and each forex pair, has different characteristics based on what global markets are open. Understanding these characteristics means you’ll be better able to find and filter trades, and apply your strategies at the correct time. Some background knowledge is required to trade forex effectively. While the forex market trades 24-hours, not all hours are viable for all day trading strategies.…

Blueprint for Forex Day Trading with $1,000 (or less)

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day trading forex with $1000
Forex day trading with $1,000 (or less) is possible, and even profitable. Forex trading allows you to control your position size precisely, and utilize leverage, both which aid a small trading account. In the stock market you can’t do that as effectively; to have a day trading account in the US you need a minimum of $25,000. In the forex market you can start trading with less than $1,000. That doesn’t mean you’ll be able …

How to Use Trendlines for Trading – Dispelling the Myths

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trendlines in trading, redrawing trendlines
Trendlines are a useful tool for visually highlighting a trend, and potentially being part of a trading strategy. There are a lot of myths and inaccurate information about trendlines though; learning how to use trendlines effectively–if you are going to use them–is crucial so you don’t fall into several common traps. Trendlines are a technical analysis tool used to define and project price trends in major markets such as stocks, forex and futures. Trendlines have…

Improve Your Price Action Trading with Velocity and Magnitude

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analyzing price action
Improve your trading by analyzing price action, especially velocity and magnitude. As a price action trader, these concepts are crucial for analyzing and making profitable trading decisions in stock, forex or futures markets (or any other market). Price is the ultimate indicator, it tells the real story. While other technical indicators may help summarize price data, price movement is the basis from which (most of) those indicators are derived. It follows that having advanced price-action-analysis…

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