Another Great Scalping Day!
Today, Chief Trader Armando Martinez reminds traders that it is much more advisable for novice traders to trade one currency, and that as traders gain more experience, they’ll be better suited to trade multiple currency pairs. He then analyzes a position on the GBP/USD currency pair on a Follow the Leader Trade-Setup. He takes an active position, pointing out key areas of resistance on his short position. Once he sees that he has made a bit more than double what he was willing to risk on the trade, he exits the position with +7 PIPS of profit! Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.
Filed under: Daily Learning Moment
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