Introduction :- In this post we learn about GBPUSD forex pair which give more than 74 pipes in towards profit side if you want to achieve this type of target than ready properly.
So first to first welcome to this article now keep learning and careful learning and enjoy every movement with learning.
How to start forex trading :-
If you want to start forex trading than you must be have an account which is able to trade in forex market like that you can open account in exness.
When you make your account in any broker than you add fund and you can easily start trading but without strategy you can’t trade if you trade without strategy than you be have to book losses.
What is strategy :-
When you start any work and for this work you need a plan and when you make the plan after than you can start your work and in trading this plan known as strategy.
How to make strategy for forex trading :-
There is different ways to make strategy but if you follow my ways than you can make profit from day 1 if you follow my whole rules.
There are following rules which is must be follow if you want to make profit :-
- Rule 1 :- Select only one pair at the time of trading.
- Rule 2 :- I start from trading GSDUSD you can also use this pair.
- Rule 3 :- Focus on pattern don’t try to trade without pattern.
- Rule 4 :- You stop loss is must be 20 to 30 pipes not less than and not grater than this.
- Rule 5 :- Don’t try to buy and sell on the basis of candle size and candle body.
- Rule 6 :- Always believe on support or resistance in forex trading.
- Rule 7 :- Before any trade try to find a false breakout.
- Rule 8 :- Best time for forex trading is 18 : 00 to 23 : 00 I used Delhi GMT you can convert in your own GMT for best accuracy.
- Rule 9 :- When you are taking any trade try to wait for more than 2 to 4 candle for retest.
If you follow our these whole rule than you can easily make money by using of forex trading but you need to follow our whole rules with discipline and patience.
Why we need for two or more than two candle :-
The main cause is false breakout when you are trading in live market that time you feel this word so must be try to wait at least two or more than two candle after breakout or retest.
And must be your stop loss is between 20 to 30 pipes if your stop loss is between this you can you feel safe as well as perfect entry. This is my experience.
What is false breakout in trading :-
In trading the false breakout means is a breakout which form before real breakout and after false breakout market suddenly reverse the oppositive direction.
So your mind set must be always before a real breakout always market give a false breakout so be prepare for this.
Conclusion of this article :- The whole conclusion of this article is always is focus on one pair at the starting time and also focus on chart pattern don’t try to buy and sell on the basis of candle size of big candle body.
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