Goodday everyone and welcome back to another post of Everything Trading.
Today we focus on following the structure.
The price in the market is always trending,either up,down or just consolidating/ranging.Follow the trend.
Inside every trend there are multiple structures that outline.
What you need to focus on is (A)The trend and (B) the structure.
Structures come in many patterns but the key thing to focus on is how the price behaves in every structure.
PRICE BEHAVIOUR
The price often creates 3 touches before moving in it’s initial trade bias.This happens in any structure and happens in most timeframe from smaller to bigger timeframes.
What you need to practice and know by heart is your different patterns in the market and what each and every pattern tell you because the price in the markets tells you a story…either bearish or bullish.
What completes the whole story is the touches the price makes on the same level/point.
What you also need to learn are your terms in the market.With that being said there are many courses with different names so it will depend on which course you learn in terms of knowing it’s terms.
Learn how the price behaves around certain levels and around the structures(patterns) that it creates.
Identify patterns in the market weekly.
My recommendations:
To open a forex brokerage account; I recommend RCG Markets for various trading instruments to choose from: Currency pairs, Shares, Metals, Energy Carriers, Indices.
This broker also has flexible leverage depending on your trading trajectory.
To open an account: https://portal.rcgmarkets.com/register?ibid=852167
Before concluding; I’d like to also tell you some great news. There is a challenge happening at AUDACITY CAPITAL for forex traders worldwide. AUDACITY CAPITAL is funding forex traders who show potential in forex trading through their programme called the Ability Challenge.
Click the link below to register for the challenge and please; do come back and comment in this blog on your experience of the challenge.
https://ability.capital?ref=motlotlgimoerane
You already know what to do; please show me some love. Like and comment in the comment section.
This is from me to you and everyone else
Peace.
EverythingTrading 