Sitting in cash. Waiting patiently for MY opportunities to trade the FOREX market. Here's what I'm looking at for tomorrow.
Tomorrow, July 8th, 2020 I'm looking at trading: USD @ 10:30am - Crude Oil Inventories NZD @ 9:00pm - ANZ Business Confidence IF* the proper opportunities present themselves then I'll take a position. Otherwise, I will continue to sit in cash until the conditions I'm looking for arise. Patience is a BIG part of my strategy.
Because you are selling, your trade is entered at the price of 1.33820. You look at your position later in the day and discover that the EUR/USD is now at 1.34160/180. Your trade has lost 36 pips. You decide to close your position at the current buy price of 1.34180 and accept your losses. Get started with FOREX.com Forex Forex is essentially a liquid market of currency pairs that react to global news, events and economic policies. As the currencies of the world vie against each other, traders, corporate businesses, hedge funds as well as investment houses look to trade on the volatility of the currency fluctuations. The foreign exchange (also known as FX or forex) market is a global marketplace for exchanging national currencies against one another. Because of the worldwide reach of trade, commerce, and ... For most trading styles, the best time to trade is at times of greatest market liquidity. The greatest liquidity in the Forex market tends to arise during the overlap between London and New York business hours, which occurs on weekdays between 9:30am and 1pm New York time. There are many profitable forex traders for the trending market but scare of the range-bound market. Moreover, strategies in the trending market are also risky in range-bound forex markets. And so in this article, we will take examine how to trade in range-bound forex market, show to spot it with a trading strategy in this environment.
Too often new traders come into the market without getting to know the most fundamental components of foreign exchange and how currencies work. So we decided... Up Next: How do bankers trade forex? Part 2: Capital Management https://youtu.be/NDIByRE-qLQ Tap into 28 Years of experience in the Forex Market and find out... The ONLY Forex Trading Video You Will EVER Need THIS QUICK TEST WILL HELP YOU BECOME FINANCIALLY FREE Take it HERE: https://discover.tiersoffreedom.com To jo... Practice FOREX - FREE or REAL at: http://www.avatrade.com/?tag=75842 Forex Scams: https://www.youtube.com/watch?v=eTiXEEBIQnI PART 2: https://www.youtube.com... In this video, you will understand how to read market structure and how to use it to trade forex consistently. We will use the chart of EURAUD as an example ...