Trading Strategies To Enter And Exit The Forex Market
May 17th, 2017: In this Bali Forex trading vlog, I discuss trading strategies, but more specifically trading strategies to enter and exit the Forex market. Your trading strategy's entry and exit in Forex do not matter as much as how consistent you are in the application of these entries and exit.
Personally, my trading strategy's entry is characterized by confirmation by a candlestick pattern and indicator. My trading strategy's exit has changed recently. It is now a moving stop loss only (no take profits). It helps capture the big moves in the Forex market.
Ultimately, testing is essential. you can't avoid it to find out the best entry and exit trading strategy in the Forex market.
My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
What you must know: I'm all for trading foreign exchange, but I think freedom is much more important than time spent in front of your computer.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That's why you can expect more free content from me than what other people charge for!
If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at.
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.