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Once you have analysed each Trend and Trade time frames, you can put them all together to confirm a high-probability trading set up. 1)TREND CHART- The trend chart, as the name suggests, helps you identify the predominant trend you should be looking to trade with. If the currency pair in the trend chart is trending upward, you should be looking to buy the...

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Noted on chart, I except EurCad to continue to go up for rest of this month. Risk Reward 1:1.5 or 50 pip stop vs 80+ Target. Just keep your risk management right and lot size, pip worth. Good luck, lets end this month strong.

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You should use a few charts when you trade (I use three minimum)- daily, 4 hour and 1 hour (enter on either 4 hour or 1 hour) scalps or day trades. You want to used supply and demand zones to trade from, either continuations or bounces out of back into major trends. Please practice finding and trading out of during your trading- in zones is mostly accumulation...

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Four Types Of Forex Traders: 1) Day Trader- A day trader is one who closes all trade positions at the end of each trading day and makes sure there are no open positions overnight. Day traders function with an extensive knowledge and experience of what the Forex entails. This category of Forex traders makes use of a variety of methods to make proper trading...

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Why Are Some Supply and Demand Zones Stronger Then Other Ones? 1) The strength of a zone is determined by the move it makes 2) Recent zones will be more powerful than the old zones 3) Untouched zones are stronger than the zones that have been tested Drawing demand and supply zones is a subjective job, but as you practice they will becomes easier to do. Yes,...

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Pick where the origin of a daily time frame chart move suddenly down or up and place a long rectangle box around high and low of candle (see chart) and extend this rectangle box right on chart. If that rectangle box engulfs future price action and PA reverses then you have found a respected demand or supply zone- to set up new trades from. Supply and Demand zone...

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Part 2: Rally Base Rally Rally- Prices go suddenly upwards Base- Price goes into a range or sideways makes a demand zone Base areas are always best times to get on trades with right risk management always. Rally- Price breaks out of demand zone and continues on upwards

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Part 1: Drop-Base-Drop Drop- market suddenly is bearish Base- market ranges or goes sideways, then Drop- market again breaks out of range and goes down Note: The Base area on 1 hour, 4 hour and daily charts are best times to set up any new trades with right risk management as always.

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Yes, you can. All you need to do is lower lot sizes from standards to Micro lot, Mini lot or Nano lot sizes instead. Like chart example shows you and example of trading a breakout of two weeks ago with 150 pip stop vs 350 pip target, or 1:2.5 Risk/Reward. Risking around $100 to get a reward of $250 in four days is great risk management (same week). Good Luck-...

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Liquidity and Volume (When Is high and low periods of both?) Generally per day in Forex trading 24/5 market their is 12 hours of low liquidity and low volume, which is after London ends to Tokyo ends. Then, the other 12 hrs of high liquidity and high volume, which is easier to scalp or day trade which is at end of Tokyo to end of London. You would need to...

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If You Master Forex Trading On Daily Charts, You Can Trade For A Lifetime. (Understand the language of candlesticks on daily charts) 1) Quality trades not Quantity of trades- Trade your best trade setups only at swing points on daily charts. 2) Patience- You make money waiting not trading. You do not need to trade 20-30 times on lower time frames per month, when...

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What Is A Maker Maker? Market Maker refers to an institution or individual that offers prices for specific Forex pair(s) that it holds in inventory, and is prepared and able to buy or sell those assets at any time. Market Makers are High frequency trading companies. Market Makers must be compensated for the risk they take, generally by commissions, per...

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Forex Psychology is very high on list of if you succeed or fail as a Forex trader. You need to get mind right of controlling risks and of slow progress. Forex trading is not a "get quick scheme" business or hobby but a slow methodical approach like laying bricks one at a time, over and over. If your trading psychology (from the neck up) is right then your...

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Noted chart only has a few highly traded pairs and their either highly correlated negative or positive pairs on daily charts. If you trade more then one pair at a time, you should know which pairs either mostly go same direction and or go opposite direction. You might not want to do two trades that have a positive correlation or negative correlation for...

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The Top 5 Most Traded Currencies in the World 1. US Dollar (USD) The official currency of the United States of America, the US Dollar is also the world’s primary reserve currency. Most traded currency pair: EUR/USD Most active trading session: New York and London sessions 2. Euro...

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Best Times to Trade 8 Major Currencies is when base currencies session is open. Why? It is time when highest liquidity & volume is trading. Sydney: AUD NZD Tokyo: JPY CHF Frankfurt/London: GBP EUR New York: USD CAD PLEASE CONVERT SYDNEY-TOKYO-FRANKFURT/LONDON-NEW YORK sessions to your individual time zones: to get exact times of open and closes and...

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8 Benefits Of Trading Forex- -Low cost Generally, retail brokers make their profits from the Bid/Ask Spread, which is apparently very transparent to users. -No middle-people It allows you to trade directly with the market accountable for the pricing of the currency pair. -No fixed lot size Lot sizes differ broker to broker - standard lot, mini lot, micro lot...

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The spread is the difference between the bid price and the ask price. The bid price is the rate at which you can sell a currency pair. The ask price is the rate at which you can buy a currency pair. Whenever you try to trade any currency pair, you will notice that there are two prices shown, left price is BID and right price is ASK. The spread is...