BEGINNER CLASS 11
- Introduction to Forex Trading 1 21 minLecture1.1
- Introduction to Forex Trading II 20 minLecture1.2
- Forex quotes, Lotsize and Limit Orders 23 minLecture1.3
- How to Register with a Forex Broker 18 minLecture1.4
- How to Setup Metatrader4 Trading Application 20 minLecture1.5
- How to get a Trading Bias 18 minLecture1.6
- Introduction to Price action I 21 minLecture1.7
- Introduction to Candlesticks 21 minLecture1.8
- Market Structure and Behaviour 25 minLecture1.9
- A simple Trading Strategy 21 minLecture1.10
- Students Review 03 minLecture1.11
ADVANCED CLASS 6
- Technical Analysis 25 minLecture2.1
- Market sentiment, Volatility and Correlation 25 minLecture2.2
- Risk Management 32 minLecture2.3
- Trading Psychology 12 minLecture2.4
- Trading Plan 15 minLecture2.5
- Students Review 03 minLecture2.6
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5 Comments
Does that mean when it is a downward trend market, we seek only sell positions?
yes, although you can still buy the market but its risky because that would be a retracement move before the actual trend continuation move, so its better to wait for for downward trading setups especially on the lower timeframes, hence seek for more sells when on a downtrend else you will be counter trend trading and it can be dangerous to trade against the overall trend, the market moves faster when on its trend therefore follow the trend because the trend is where the money is.
GBP/AUD when you said the AUD is pulling the GBP Down. Does that mean sell because of the downward trend of the market? If so you said the currency on the left is buy. Pls clarify
The stronger currency poles the weaker one to its direction, when currencies are paired the one on the left is for buys while the one of the right is for sells, if the one on the left is stronger in a particular trading session it will pull the market upwards, same with the one on the left, its a simple explanation. and that is how the market trends are formed, so you must follow the trend from the higher time frame to know what the market is doing, the current trend and then check the strength of the currencies you are trading, if there is a positive or negative news from any of the currency countries and also check the movement of the currency against over currencies just to know how that currency has been performing in terms of strength then you can take a clear decision if you currency is weak or strong, also know that most currencies become stronger in their trading session, so this are factors you have to consider too.
Thanks