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Today, Chief Trader Armando Martinez explains a GBPUSD currency pair which had positioned itself to an attractive trade, however after a quick entry 5 minute PMD’s moved against his position, this quick recognition of a negative signal allowed Armando to exit this Forex trade at break even before the market moved against him. Mastering these signals allow an experienced trader to get out of trades before they become negative.

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FxST Scalpers Daily Recap:

Highlights of the Top 2 Learning Moments

  • Learning Moment # 1: Armando Martinez explains a GBPUSD which had positioned itself to an attractive trade, however after a quick entry 5 minute PMD’s moved against his position, this quick recognition of a negative signal allowed Armando to exit this trade at break even before the market moved against him. Mastering these signals allow an experienced trader to get out of trades before they become negative. This skill set is imperative to master if you are going to limit losing trades. Time line (0:00 – 3:23)
  • Learning Moment # 2: Certified Trader Matt Miller calls a USDCHF trade late in the session and is able to make a quick 7 points on one trade before getting stopped out on his second position. Learn how to recognize these techniques in our Forex Online Training Room. Video Time line (3:26 – 4:24)

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