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In forex trading, your choice is “buy” “sell” or “not to do anything.” I am talking about how to decide what to do to increase the winning probability.
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For beginners, one of the biggest obstacles is that they are flooded with too much information.
They are just chasing a “unicorn” without thinking deeply, or not learning what they really have to learn.
There are only two things you need to master to become a winning trader:
1. To be able to identify the psychology of the players in a market.
2. The skill to make entries right at where the risk is kept to a minimum and reward is at absolute maximum. If you have the skill to be able to identify it, you do not need any complex methods or indicators.
The intent of this channel is to explain life-lasting methods in a very simple manner.
** Regards to a risk of investing **
The videos and blogs are provided based on my personal view from the past experience and never guarantee your future profits.
And I will not manage one’s fund. Make sure to follow your own decision when investing your own fund while considering its risks. ＃Forex
Forex Event Driven Trading Pins, How to set your eyes on buy, sell, or do nothing in forex trading.
Spike “failings” are equally as common, otherwise even more, than spikes that proceed themselves. The reasoning behind is rather easy: high frequency algorithms are trading straight off the preliminary data launch. As the data gets absorbed, turnaround or extension is figured out as investors dedicate.
There’s not too much to mention here from a technical point of view apart from the reality of seeing what takes place circa the preliminary pullback in price.
Volatility Is Not a Toy
Prior to we obtain too far, I’m really mosting likely to quit. Why? Because I recognize this idea can be secured of context. I want to make sure I restate the bottom lines here:
- Real spikes that proceed are uncommon. If you’re trying to sell the instructions of a spike, please describe this post in terms of catching major pullback retracement points, yet make use of severe care as well as make certain to carefully asses the situation well before trading time. Simply be prepared as well as make use of common sense.
- Spike reversals are equally as common, otherwise even more, than spike extensions.
- When unsure, stay out. Gauging a sharp relocate price is something, yet it is just one part of the equation.
Indeed, among my subconscious goals for today was to simply increase awareness regarding how ill-conceived commonplace techniques bordering spike trading can be. Spike trading is perhaps the riskiest as well as hardest of all kinds of trading, yet for some reason an idea exists that makes it looks like a very easy process.
More ahead on this topic … still getting started around these parts. Thanks for dropping in as well as see you soon.
What is a pip in foreign exchange?
Pips are the systems utilized to measure activity in a forex set. A foreign exchange pip is typically equal to a one-digit activity in the 4th decimal place of a currency set. So, if GBP/USD actions from $1.35361 to $1.35371, then it has actually moved a solitary pip. The decimal locations revealed after the pip are called fractional pips, or occasionally pipettes.
The exemption to this guideline is when the quote currency is detailed in much smaller religions, with the most remarkable instance being the Japanese yen. Right here, a motion in the second decimal place constitutes a solitary pip. So, if EUR/JPY actions from ¥ 106.452 to ¥ 106.462, again it has actually moved a solitary pip.
Event-driven trading techniques supply a fantastic way to maximize boosting price volatility, yet there are many threats as well as constraints to think about. When creating as well as performing these techniques, it’s important for investors to establish limited threat controls while providing sufficient space for the unpredictable situation to play out out there. Ultimately, event-driven trading techniques supply an important arrow in the quiver of any active trader.
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Warning about High Risk
Please note that trading in leveraged products may involve a significant degree of risk as well as is not suitable for all investors. You must not take the chance of greater than you are prepared to shed. Prior to deciding to trade, please guarantee you comprehend the threats involved as well as take into consideration your degree of experience. Seek independent recommendations if necessary.