Another Great Scalping Day!
Today, Chief Trader Armando Martinez takes a trade on the GBPUSD currency, unknowingly during a news-event where the Swiss National Bank announced that they will be backing their portfolios with more of the British Pound. Armando wisely sets his stop at break-even, and stops out before the price shoots up another thirty points, eventually meeting the day’s high-point. Under normal circumstances, Armando may have taken another entry, and he talks about why it is better to stay out of a market moving so rapidly, taking specific note of price correlation between the GBPUSD and the GBPJPY. 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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