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Saturday, July 18, 2015

How to find and trade in Profit Zones - Forex

1. Identify the main trend direction
2. Do a top down approach
3. Combine 2 time frames and find one powerful support or resistance area.
4. Draw clean vertical and/or horizontal trend lines.
5. Look for clear setups,entries$ target.
6. Calculate your risk by applying correct money management.
7. Place your trade or trade Oder and the a.p.o.( STOP ) at the right spot.
8. Never expose your trading account to more than 0.5 % until you grow it account by 8-10%.
9. If you make 10% profits from the markets you can expose your account up 1,5%

10. Create and flow your trading plan after practicing until you make consistent profits.                      


                                                  Than do it over and over!

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