There are traders who boast trading the only one pair - implying, they know it perfectly.
Just in case, I showed just two options on a weekly timeframe, and two options for a bullish scenario.
Are you sure you know how to trade it? Who knows the future trajectory for sure? No-one. But it is not necessary.
This post is for my subscribers who have joined the community recently. For those, who are just following - and - I hope - try to understand the fundamental rules of trading.
1. There are many guys on TV who are posting absolute nonsense. More pictures, arrows, lines - that's the edge, aha. What is bad - they do not really care about the fact that their post are misleading, not mentioning a simple thing - they are attracting newcomers and unsuccessful traders to pay them for the signals and !!! manage their accounts :)
2. Keep in mind - trading is the most competitive business in the world. You are trading against professionals, that's the one thing. The key thing - you are trading against yourself, your emotions.
3. You can not predict 100% the market. But you can turn probabilities in your favor - price patterns tend to repeat themselves, as markets are moved by physiology of the crowd. People tend to do the same mistakes over and over. If your are diligent, ambitious, HARDWORKING - trading may be the occupation that will drive you the whole life. If not - remember - your enemy is yourself. No one will give you the silver bullet to fight the market. Market - is you.
Good luck! And remember - you have to be a complete idiot to blow off your account, if you stick to rigid money management rules.
Just in case, I showed just two options on a weekly timeframe, and two options for a bullish scenario.
Are you sure you know how to trade it? Who knows the future trajectory for sure? No-one. But it is not necessary.
This post is for my subscribers who have joined the community recently. For those, who are just following - and - I hope - try to understand the fundamental rules of trading.
1. There are many guys on TV who are posting absolute nonsense. More pictures, arrows, lines - that's the edge, aha. What is bad - they do not really care about the fact that their post are misleading, not mentioning a simple thing - they are attracting newcomers and unsuccessful traders to pay them for the signals and !!! manage their accounts :)
2. Keep in mind - trading is the most competitive business in the world. You are trading against professionals, that's the one thing. The key thing - you are trading against yourself, your emotions.
3. You can not predict 100% the market. But you can turn probabilities in your favor - price patterns tend to repeat themselves, as markets are moved by physiology of the crowd. People tend to do the same mistakes over and over. If your are diligent, ambitious, HARDWORKING - trading may be the occupation that will drive you the whole life. If not - remember - your enemy is yourself. No one will give you the silver bullet to fight the market. Market - is you.
Good luck! And remember - you have to be a complete idiot to blow off your account, if you stick to rigid money management rules.