A jack of all traits is a master of none
In order for you to learn how the price of a certain currency pair or any other symbol we have in the market behaves,you need to lock any other pairs out and focus on that specific pair you have chosen.
Once you start to do this,you allow your mind to focus solely on one thing and how it behaves,why it does certain things and what causes those things to happen.
For e.g.I started focusing on the USDCAD currency pair only.As I did this I then started to learn why it’s prices behaves the way it does.I started learning and taking note of the fact that this pair doesn’t provide opportunities everyday…of which we’ll talk about in another topic but the best part about learning one pair’s behaviour is that you get to learn how it affects another pair.
I started figuring out that the USDCAD currency pair has an inverse relationship with the AUDCAD currency pair.This means when the price of USDCAD goes bullish,the price of AUDCAD goes bearish.
Focus on one pair and master it. Always look forward to every trading week.
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 