Posts tagged with ‘profit’

  • All currency trading is done in pairs. Unlike the stock market, where you can buy or sell a single stock, you have to buy one currency and sell another currency in the forex market. Next, nearly all currencies are priced out to the fourth decimal point. A pip or percentage in point, is the smallest increment of trade.

    EURJPY PROFIT

    I missed the early dip because I was a little late in my analysis. I decided to take a punt…

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  • #currencytrader #priceaction #investor #knowledge #banking #moneymanagement #forexlife #forexquote #stacking #forextrading #motivation #success #entrepreneur #daytrading #inspiration #technicalanalysis #success #trading #daytrading #motivation #entrepreneur #technicalanalysis

    USDCHF PROFIT

    I have had very few opening trades that are winners. I am happy to get off, to a green arrow.…

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  • The relative strength index (RSI) is most commonly used to indicate temporary overbought or oversold conditions in a market. An intraday forex trading strategy can be devised to take advantage of indications from the RSI that a market is overextended and therefore likely to retrace.

    USDCHF PROFIT

    I needed to wait for the price to hit the second support line. Trade setup was ideal for a small…

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  • In the forex market, think of money as a commodity, you are buying a currency hoping that its value will increase, and if you are selling you are betting that it will decrease. ... Instead the forex market is an interbank market, which means it's all connected together in a network of banks and institutions.

    USDJPY PROFIT

    The price has been moving sideways all the way until the 2 hour chart. Price overshot my resistance point, but…

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  • DEFINITION of 'Tenkan-Sen' The mid-point between the highest high and lowest low of a particular security calculated over the past nine periods. The Tenkan-Sen line is the conversion line used specifically in the Ichimoku Kinko Hyo (or Ichimoku Cloud) equilibrium charts.

    EURJPY PROFIT

    I was fully aware of the losing again. The second trade had more barriers. We are looking two support lines,…

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  • The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

    EURUSD PROFIT

    The entry was made as I could see volume picking up. In all fairness, I did not have my eye…

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  • The foreign exchange market (Forex, FX, or currency market) is a global decentralized or Over The Counter (OTC) market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices.

    EURGBP PROFIT

    I used the support from the weekly chart. There wee no definitive and clear point of entry. Trade closed manually…

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  • The Foreign Exchange market, also called FOREX or FX, is the global currency trading market. ... On the FOREX market one currency is exchanged for another. The single most important thing on the FOREX market is the exchange rate between two currencies (a currency pair).

    EURGBP PROFIT

    I got back into the trade for a 3rd time. The price was able to stick, and I was able…

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  • #broker #forexsignal #forexsignals #forextrader #gold #brent #stocks #money #trader #business #pips #wallstreet #entrepreneur #fx #motivation #success #profit #investment #finance #invest #daytrade

    EURUSD PROFIT

    I had a few weeks away from the market. We went on a family trip to Saudi Arabia. the entire…

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  • The Chikou span is the lagging indicator component of the Ichimoku Kinko Hyo candlestick trading model. The Chikou is a line of the most recent price action, but it is plotted 26 trading periods into the past. Chikou spans are designed to allow traders to visualize the relationship between current and prior trends.

    EURGBP PROFIT

    I made two trade simultaneously. This is not something I like to do. The EURGBP looked a better opportunity. Trade…

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