Thursday, August 22, 2013

Latest Forex Trading Update


It looks like I've broken down my trades into looking for divergence, candlestick patterns, Fibonacci numbers, support/resistance, and good risk-to-reward ratio. I am mainly trading on the 4Hr and Daily charts because I don't really have that much time neither do I prefer to look at charts all day. I am still demo trading on mainly the EURUSD pair and have yet to see how the news will affect the trend and a profitable market.

From what I have learned, I believe that it makes the most sense to me with sticking to this current trading style. I am mainly relying on the risk-to-reward ratio and sure enough I will be starting to log down the trades I have taken or disregarded from being wrong to compare my results.