Forex Trading Trading The Trend & Make Money Video 10
Forex Trading - Trading The Trend & Make Money -Video 10
In this video, of Forex Trading I am looking at the Trend. How to interpret the trend to our advantage. But I start, not from the beginning but at the end of the video by adding the end video clip to the front of the video because I think it is important that I can show the tecnique does work.
A quick talk about Take Profit and Stop Loss and the importance of studying the indicators well.
The main vide explains the important areas and what each signal means to me. You must watch this video to the end to benefit and follow me during the discussion and live trading that follows losing almost over $130 but reading the trends in the correct way has resulted in a gain from the initial balance of $3,601.53, video 8 I believe, to $3,6724.63, a profit of £123.63 in a day, every trade was a success.
Understanding the trend effective application requires concentration and practice. I hope that you’re learning from the tips that I have shown in these videos.
My emphasis on the importance of following my videos from 1 to 8 starting from the installation tutorial to video 9; the proof is in the pudding should be watch as if you're trading with me..
The default timeframe is M1 or M5 and M15 on the second pane of the monitor screen. This second pane is important so that you can see the trend over the past 5 or 15 minutes or even over 1 HR. An explanation of this is in the video to see the Trend direction.
Sometimes if the trade is going the wrong way you can take a look at the 1hr timeframe to get an idea of how the trend is looking for the trade currently running.. The Trend Test indicator and the GG Trendbar are of tremendous help as well as the currency trend strength indicator.
The trend strength indicator is absolutely important for deciding when to enter the trade and when to leave. I think a few more videos would help to understand this subject better.
All indicators must be used to draw a conclusion to trade or close a trade. I go into some depth on this and often repeated on my trading videos, as this is very important subject to be profitable.
Please watch all of the videos. I have numbered them so that they are in order.
My very best wishes and good luck,
Nick.
Go to youtube and search nick low forex trading
Or use this link:
/ @nicklow5268
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