Another Great Scalping Day!
Today, Chief Trader Armando Martinez takes a trade on the EUR/USD currency pair as it breaks highs for the day. He waits patiently for the price to enter the first Sell-Zone on the FxPM™ Matrix, then takes his entry at the 1.3318 level. Because the price is already establishing a new high, Armando finds it appropriate to set his stop-loss at -7 immediately in the case of a breakout. It doesn’t take long for him to see some pips, and he sets his stop to breakeven to eliminate all risk from this passive position. After a few more minutes in the trade, Armando takes +12 pips of profit! Learn how to consistently profit in the Forex market by identifying precise entries and exits with FXPM™ and Forex Successful Online Training School.
Filed under: Daily Learning Moment
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