But, I don’t think so! Clearly, it’s a bullish trend! In addition, right now I’m waiting for breaking this support level, if market breaks this level then I will be pen my sell position with the next support level target.
1st of all, I wanna thank you for your contribution! You have shared here basic of Forex trading! It’s a knowledge based profession! So, traders need to invest their real money after completing their educational process! Without trading knowledge no one can make money here.
Yes, in my trading I also try to trade according to the market trend! Sometimes I can identify the direction of market so easily and sometimes not! But till now I am conscious about the reversal market, because they are unstable.
I don’t think small trading capital is a big problem here! If a trader has enough trading knowledge, then he can use maximum opportunities of the market! Problem is, a number of retail traders are trying here without enough knowledge.
Good analysis! Although, the last trend was bearish but the overall trend is uptrend! If the market breaks 76 level, then I will be more interested to sell than buying! Now I am trying to open a buy trade in the intraday market!
No doubt, sideway market is very difficult to trade in, because there is no specific direction of the market! Frankly, I always enjoy trendy moves of the financial market because according to my trading plan, I only follow the market trend!
Agree with your opinion, easy accessibility of the internet is one of the main reasons for Forex popularity! In addition, I also use the mobile trading facility when I need! I must say, Forex trading business is the most modern way of money making! In addition, I am enjoying my trading life.
1st of all, usually I don’t take scalping trading opportunity on Silver! Because, this trading metal is too much volatile; this is why I do mainly swing trading on Gold and silver with a wide SL position! I think, here 16.05 is a good level of buy trade!
Thanks for your analysis! You are doing this analysis based on H4 time frame, but according to the daily trading chart, now I am waiting to sell this trading pair! According to my analysis, 88.75 is a good level for the sellers!
I appreciate your last line, really trading knowledge is the key point here! By the way, a good trading capital is important, but knowledge is more important! Such as, there have so many successful Forex traders who started here with an ordinary trading capital but now they are the successful...
I agree with your opinion! Professional Forex traders follow their trading plan so sincerely, I think maybe they have multiple trading plans thus they can make money in all critical situations of the market! Whatever, I am working hard to be a professional Forex trader!
According to my analysis, 76.09 was a great chance for the buyers, I also opened a buy trade here with the target of 150 pips and my SL is 45 pips here! Although, it’s a counter trend trade but I am confident about this trade!
For me, professional Forex traders mean who can make money here regularly for a long time! Yes, sometimes they lose few trades but they can comeback very strongly because they have enough idea about their trading job!
I have enough doubt about their quality! Because, I believe small trading capital is not such a big problem for the quality full Forex traders! Trading is a knowledge-based profession, means knowledgeable traders can use market opportunities regularly, no skill is the key point here!
Forex is totally impossible for the traders who rely on their luck and trading capital! But, knowledgeable Forex traders can enjoy this money making opportunity so smartly! They can recover their losses according to their keen knowledge on the technical and fundamental market!
Even, it’s not easy for the long experienced Forex trader! Forex trading is always challenging and it would be! In addition, there is nothing like shortcut way of trading! It always takes such a long time, I have more than 5 years trading experience but till now I’m learning and civilizing myself.
I idea about commission trading, I am trading the trading spread! Yes, I prefer to use fixed trading spreads service, but this service helps me a lot to calculate my trading targets! As a scalper, I am very much sincere about narrowest trading spreads service!
Same here! I also prefer Forex trading business, because there is no need huge investment or like any additional instrument for trading! But, it’s a skilled based profession, so my advice is new traders should ensure their trading skill first before the live investment!