A quiet news session early on… followed by an active US news session. After the Preliminary U of M Consumer Sentiment figure was released, the NZD reversed and an entry short is taken. Price penetrated the Asian session highs, but bounced at the session multi-pivot line. As price indicated there were buyers there, we exit as price climbs to the Asian session high – for a modest gain.
Trading is a very difficult profession to master. Those that master it, have worked very hard to get there!
Please do not be fooled by internet marketers that sell video courses, robots or get rich quick forex trading schemes. You will lose your money! I have numerous students that have spent many thousands of dollars, enormous amounts of time, on so-called highly rated courses that don’t work. I went down a similar path in my first few years of trading. It wasn’t until I was taught by one of the largest traders in the world, that I learned how to focus on what really counts in trading and what to avoid.
Professional and institutional traders know that 90%+ of retail traders will lose their trading accounts in their quest to learn how to trade. If you learn what the big guys focus on, how they trade – the institutional tricks and awarenesses, you will be on your way to successful trading. There are not short cuts, it takes knowledge, lots of practice and a certain type of personality. If you are serious about learning how to trade…please contact me. I will try very hard to make you a profitable trader!
Good luck with your trading!
Enjoy your weekend!
Back Tuesday if we find a trade.