Forex Trading Course Best Forex Position Trading Strategy, Before trading in Forex, you must choose which kind of trader you are before entering in the market you should make strategies you should make your trading style then you can become a professional trader
Forex Trading Course Best Forex Position Trading Strategy
Position trading in easy words when you hold your trade for weeks and sometimes for months to gain your profits
The traders use technical analysis and mark the chart according, their strategies; they use higher time frames as Daily and Weekly.
They place their order and leave the trade to reach its target, sometimes the price reaches its target less than in a week may be in few days but sometimes it takes a week to reach its target and sometimes more than a week sometimes more than 2 or 3 weeks and sometimes a month.
For that, we need a strong analysis to trade position trading, high-risk management, the proper take profit and stop losses.
Let’s see some examples and see more explanation about position trading.
In the picture, you can see a pair currency EUR/USD. It is an uptrend and we entered the trade in May with full preparation, strong analysis, and good risk management to buy the EUR/USD.
We entered where the price break the support it was a pretty nice place to enter
Our entry price was 1.09000 and we left the trade as it is from May to September
After 4 months when we checked the trade it has touched our take profit level which was 1.21000 If we calculate our profit it will be 1200 pips which is a good earning.
Like that Forex Trading Course, Best Forex Position Trading Strategy has many good sights
- You don’t need to check your trade time and again
- While on busy days you don’t need to spend much time on computer or phone Etc.
- And you don’t need to enter and exit after every 30 or 45 mints.
It was the detail of position trading strategy hope you have understood very well.
Forex Trading Course Best Forex Position Trading Strategy is almost used or trade by the professional if you have a good analysis, you know good risk management you can be a good position trader for more information about Forex visit our website Techzeer.