Another Great Scalping Day!
Today, Chief Trader Armando Martinez plays an entry on two currencies, the USDCHF and the EURUSD. He is unable to find profit on the USDCHF, as he places his stop-loss at -6 pips and stops out on his active position. He does, however, manage to make a profit on the EURUSD currency. Here, he takes a passive entry when the price hits the green in the first buy-zone on the FxPM™ Matrix. After adjusting his stop-loss from -6 to +2, the price comes down from what could’ve been a ten-point gain and stops out. Forex, however, is a game of minimizing losses by being very careful with your stop-losses. Armando proves this in both entries that he takes here. Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM™ and Forex Successful Online Training School.
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Filed under: Daily Learning Moment
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