Winning Forex Trading/Technique for Newbies and Pros (Part 3)

elkapons By elkapons, 14th Oct 2015 | Follow this author | RSS Feed | Short URL http://nut.bz/35y6it7u/
Posted in Wikinut>Money>Forex Trading

Winning Forex Tradings for newbies and pros, learn the basics and step by step strategies from zero to hero

Know The Target, Prepare The Bullet

Target already define, goal already setup. But how to achieve the goal and hit the target? It is depends on your strategy and skill. Apply a good strategy on right skill.

Strategy is condition on how goal been achieved and target been hit.

Skill
is how to make sure the strategy been applied fully worked and in-line.

In trading situations, examples:-

Scenario 1

Today I like to buy GBPUSD pair for intraday. But before that identify the facts and figures first.

1. Check if any news related to GBPUSD pair today.
2. Identify the trend before the news. If trend is bullish then focus on buying otherwise if trend is bearish then focus on selling.
3. What my entry points, target profits and stop loss.
4. When to place entry points.
5. Continue sleep or take your breakfast.

Scenario 2

I like to have some 20 pips scalping GBPUSD pair on London market open. Check as usual facts and figures.

1. Identify if any consolidation area before market open.
2. What my entry points, target profits and stop loss.

As display in examples above shows different strategy and different skill but the target still same to make some profits.

Follow me closely for next articles. There will be more EXCITING, PROVES a NEWBIES that starts from ZERO can be a HERO.

Recommends Forex Brokers start now:-
Instaforex
Exness
Liteforex
FBS







Tags

Analysis, Audusd, Brokers, Currency, Ecb, Euro, Eurusd, Fed, Federal Reserve, Fomc, Forex, Forex Basics, Forex Broker, Forex Trading, Gbusd, Metatrader, Metatrader 4, Mt4, Nfp, Pips, Rates, Usd, Usdchf, Usdjpy

Meet the author

author avatar elkapons
Keep on learning everything, You'll get everything

http://www.wikinut.com/in/ufnm/

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