Vic Noble Illustrates FX Trading Concepts with Weekly Trading Examples
In these weekly trade examples, I’ve continually shown how price reacts at support and resistance levels. The key is to learn how to trade effectively at these levels.
Category Archive for Weekly Trading Examples
In these weekly trade examples, I’ve continually shown how price reacts at support and resistance levels. The key is to learn how to trade effectively at these levels. This week’s video is particularly important because the volatility in the Forex is hitting some very key lows right now, and folks, that means something. For this week’s video, I want to share some interesting insights regarding the differences between successful and struggling traders. For this week’s example, I recorded another live trade, showing how we trade MACD divergence. As of April 10, 2012, 14,411 were how many pips Shirley Hudson had made just trading the London Close Trade Strategy since she started tracking her real-time, real-account results from January 2010. Well that’s nice, but how did this really happen? There is a very reliable (and easy) way to filter your Forex trades, and it’s a process that I believe will help your trading immensely (just listen to what this has done for one of our Coach’s Corner members). In November 2010, Shirley Hudson and I released one of the most popular courses ever at Forexmentor, the London Close Trade Strategy course. I want to show you the incredible difference that can be realized by using a limit entry order versus a stop order. Limit orders can dramatically change your results, so I hope you take the time to hear this one (7 min), and I’ll show you actual examples. One of the biggest sins that traders commit is over-trading. In this week’s video, I’m going to show you a very simple approach that will not only help you avoid this destructive habit, but will simultaneously put you in a position to take advantage of some very good high-odds trading opportunities. This week I have a couple of opinions that I’d like to share with you. One is about the value of back testing (or not), and the other is about the use of a demo account versus a real account. Doesn’t it seem like the right thing to do back test and use a demo [...] |
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Trading foreign exchange 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 for you. Before deciding to invest in foreign exchange 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 trading, and seek advice from an independent financial advisor if you have any doubts Copyright © 2012 forextradingandeducation.com - All Rights Reserved |
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