is another strategy called. You have to become an expert in your business, and thats certainly true if your business is currency trading. . This is a short-term trading strategy and its important to move your stop aggressively once you have a profit of about 10 pips better to get stopped out with just a small profit than to let a profit turn into a loss. . Believe it or not, if we can simply average catching one good trade a day with this strategy, we will make it to our goal of a million dollars in 18 months or less. Ive appended, at the very bottom of this article, a reference chart that shows the ideal day-to-day account growth, all the way to a million dollars. . But heres the thing doing the exact same things Im doing now to make 10 a day, when the account is up to 2,000, will make 100 a day; when its up to 20,000, will make 1000 a day. . Hmm, there was a problem reaching the server. (Although Im trading primarily off the 15-minute chart, I regularly change the time period to see how the market looks from higher time frame perspectives.) There was also a daily pivot support line around.9060 so thats 4 different significant supports for the market, all right.
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Characteristics of Currency Pairs, if you engage in forex trading long enough, youll become familiar with the little quirks and characteristics of each major currency pair. . With a little bit of knowledge, it could be greatly improved. Thats hsbc gbp usd forecast my basic 15-minute trading strategy. . Below is a screenshot of a 15-minute chart showing movement both above and below the 50 EMA line. . Nonetheless, Ive noticed the following common pattern in Aud/Usd. .
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This is because traders using lower time frames are naturally going to be taking many more low-probability trade setups than traders focusing on the daily charts, and low time-frame traders are also more likely toRead more
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