Don’t trade forex before you join My Forex Space – The best forex community. Interact with professional forex traders and brokers. Do you dream to make an empire out of your profit from this Forex industry? If you are dreaming like that there is no doubt that you have got a forex trading tv heart.
Forex market is the largest market in the world. There are many traders from all over the world and it has a global impact on the global economy. Forex bots are programmed and designed to give the traders signals before they are happening in the market. Though traders in the market use many types of pattern, there are some common patterns which are very popular and are widely used by traders all around the world. What Makes Ontega Nigeria Stand Out? 2018 Created by Sam Wexler. The Authority’ on Price Action Trading.
In 2016, Nial won the Million Dollar Trader Competition. Nial Fuller’s Price Action Forex Trading Course. The Authority’ on Price Action Trading. In 2016, Nial won the Million Dollar Trader Competition. The idea behind this style of trading is that the trade will either be stopped out or make a profit. In this video we are looking at a GBPJPY daily candlestick chart and a price action reversal setup off the 147. 00 level that alerted us to the trading opportunity in this market.
I placed a sell on limit at 146. 00, a stop loss just above 147. 20, so say a 130 pip stop loss. The set and forget strategy places a conditional order to take profit at a minimum of 2 times risk, so a 260 pip profit target in the case of this setup. This idea of walking away from the market and letting it do its own thing can be one of the best things you can do to improve the bottom line of your trading account. Removing yourself from the market and from looking at your trades is one of the best ways to eliminate emotion from your trading. Use my set and forget price action forex trading strategy to improve your forex trading.
I find your notes on candlestick chart very easy to understand, yet in the beginning it was very confusing to understand it meaning. Thanks Nial for this fire and forget style so I can keep my daily life normal. This is good stuff you are doing nial. I will be definitely giving this a go next week.