
Forex Trading Techique
devil0530 Posted 7 Feb. in #Forex #Strategy #Best #Perfect #Accurate #Hedging #Money Manage #Stable1.) Vision: You should be able to predict which side market may move ahead.
2.) Money Management
3.) Patience
If you are able to look at a chart and identify when the market is "Trending", Then you can enter in the direction you like.
Example: I bought 0.10 volume of GBPUSD at 1.4150 and my TP for GBPUSD will be 1.4200 and SL 1.4047. Here i am taking TP as 50 Pips and SL as 100 Pips, i added 3 pips extra into SL because i counted the spread as well (SL= 100 + spread of the pair). Immediately place a sell stop 0.30 volume of GBPUSD at 1.4100 …