Forex Trading Video – Whats New This Week?
So how do you know what the outloook for Forex trading is? Are there any resources which give you an indication on which way the City pros think the market will go?
Well, I found this excellent Forex Trading video by Dailyfx.com (video at the end) featuring thier main technical strategist who gives a very indepth yet brief description on the general concensus on the major currency pairs.
Ofcourse you should do your own research – thats a must with Forex Trading. Its good to get a feel if your a little inexperienced of what the analysts think but you should be analysing your own Forex Trading charts and deciding for yourself. Check the previous levels of support and resistence, your indicator(s), Fibonacci levels, candlestick chart patterns, Moving Averages etc on your Forex Trading charts for the right set up – the one you have practised before!
Plan Your Trade and then Trade Your Plan!
OK so now what? Video below:
You have a plan – now you want to go trade that plan – great! You gotta have confidence in your Forex Trading knowledge and know that you will learn from your mistakes. You are fully in control of your emotions and ready to cut your losses and exit the trade if it goes wrong – no problem. Move on to the next trade…afterall its the cost of doing business and learning how to consistently profit from Forex Trading.
Here’s the video link:
Hope you enjoy the vid.
Happy Trading
Annabel
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