This is an educational video to show forex traders how to use fibonacci extensions as a leading indicator for placing profit targets in their trading plans. Recorded for the dailyfx audience, the FXCM metatrader (MT4) platform was used for the live market examples. Recorded by Wayne mcdonell of FX Bootcamp, LLC (www.fxbootcamp.com)
Fibonacci retracements can help you get into a trend. It may be common sense to “buy low and sell high”, however this video shows you exactly how to do it. Examples include 1 min, 15 min and 4 hour candle charts.
Product DescriptionSelective Forex Trading skillfully outlines author Don Snellgrove’s S90/Crossover: an independently verified technical indicator that has provided traders with the ability to achieve over 100 consecutive Forex trades without a single loss. Whether you’re a seasoned professional or just getting started, this approach—which is based on historical resistance and support points within a trading [...]
Product DescriptionWhether you’re a full-time trader looking to make a living or a part-time trader looking to make some extra money, the foreign exchange (forex) market has what you desire–the potential to make sizeable profits and 24/7 accessibility.
But to make it in today’s forex market, you need more than a firm [...]
Product DescriptionAn effective way to reverse a trade’s fortune
Almost all trading books focus on “winning” trades. But winning trades can be hard to come by, especially when you’re just starting out. Turning Losing FOREX Trades into Winners takes a look at this discipline from a different angle, examining effective methods for [...]