You do all the work to find good trading opportunities; intermediate Forex traders may want to think about running their profits. There are many ways to do this however the key is to be consistent. Here are two examples: Using price structure Moving averages Once your trade breaches a key swing level, you can start… Continue reading Run For Profit
Category: 2. Intermediate Trading Tips
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Scale For Risk
Since I am a risk manager first, my objective is to take all the risk out of any trade I am in. Scaling out at an amount equal to the risk is an excellent way to be in a free trade scenario. In the charts we have been covering, let’s walk through how an intermediate… Continue reading Scale For Risk
Dial Down For Triggers
The benefits for this are immense and the biggest for me is giving me a lower risk profile. A lower risk profile, if using a percentage of your account for position sizing, allows for a great size. This chart has price pulling back into a zone that utilizes Fibonacci retracements and symmetry. The upper line… Continue reading Dial Down For Triggers