Some people while making their first steps in the Forex Market make similar mistakes. One part of them think that Forex Trading is something like casino, others want to earn million dollars in one day or don’t want to learn Forex as much as possible, thinking that they have enough knowledge after reading just one article or book about this financial market. This is the incorrect way to start your Forex market activity. If you wish to become a Best Forex Trader, you should think about some Forex Tips for Beginners written below:...
Should price action for Gold remain inside the 1,277 to 1,281 zone the following trade set-up is recommended: Timeframe: H1 Recommendation: Short Position Entry Level: Short Position @ 1,279 Take Profit Zone: 1,258 – 1,262 Stop Loss Level: 1,286 Should price action for Gold breakdown below 1,277 the following trade set-up is recommended: Timeframe: H1 Recommendation: Short Position Entry Level: Short Position @ Retracements in the trend; sell orders during rallies Take Profit Zone: 1,258...
Should price action for the GBPUSD remain inside the 1.7020 to 1.7060 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position @ 1.7040 Take Profit Zone: 1.6720 – 1.6760 Stop Loss Level: 1.7130 Should price action for the GBPUSD breakdown below 1.7020 the following trade set-up is recommended: Timeframe: H4 Recommendation: Short Position Entry Level: Short Position @ Retracements in the trend; sell orders during rallies Take...
PaxForex closed the third trading week with net profits of 1,345 pips on six closed trades; four were closed for a gross profit of 3,155 pips and two were closed for a loss of 1,810 pips. This has increased our trading profits for June to 1,550 pips and for the second-quarter to 11,000 pips. We had the following five trading recommendations this week: Monday, June 16th – USDCHF June 16th 2014; Closed for a net profit of 45 pips Tuesday, June 17th – EURUSD June 17th 2014; All open positions closed for a net profit of 20...
Should price action for the EURUSD remain inside the 1.3560 to 1.3600 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.3580 Take Profit Zone: 1.3910 – 1.3950 Stop Loss Level: 1.3460 Should price action for the EURUSD breakout above 1.3600 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ Retracements in the trend; buy orders during dips Take Profit Zone...
