The art of Forex Trading can be fine-tuned by a clear and concise strategy
Consistency is key
The art of Forex Trading can be fine-tuned by a clear and concise strategy. When it comes to our daily trades, we like to reinforce the following steps:
Step 1 - Always look at the economic drivers (fundamentals) first. What is driving the price up/down/sideways.
Step 2 - Identify the trend.
Step 3 - Identify key levels.
Step 4 - Based on trend and key levels, look at the technical indicators and price action for entry.
Step 5 - Any upcoming news that may cause your trade to go against you.
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