Learn the strategies you may need for profiting in Forex with 
Today we got a very fast reaction (unexpectedly for myself) on Cable. Let’s review the trade:
- 60m MACD under the water line.
- Triple top in 1m before Franfurt open.
-Clear breakout after touching support and retracement. (Entry, no second chance today). Stop above previous swing high.
- Price goes down very fast, extreme oversold at 1,4800 (Double cero). Approaching 61.8 Fib Ret. 60m. Time to close position. I let a tiny position (1/5) running, just in case the move keeps surfing.
may i know which broker u use to trade? Most brokers are out there to cheat customer’s money. Just wondering what brokers u use to stay safe.
funny, your not consistent in posting your analysis i realise. Today may be a lost but u don’t post losses.
Hi Shaun,
Yesterday we got an amazing move in Cable, just from the very beginning of the European Opening. Unfortunately yesterday I was not in the screen at that moment because of my schedule at FxForaliving but the entry was very clear. I may review the session as educational proposal because it deserves an article.
About the brokers, we can’t recommend brokers on this blog but you can find lots of information at http://www.fxstreet.com/brokers/
hi
thanks very much i got ur reply ,i realy want am enlightment on money management with an account of $300 and and a minium lot size of $1 i.e ,$0.01.and what are the possible techniqs to use ,thanks
Hi cletus,
Trading forex is nice because you can start from a 300$ account. In other financial markets it’s not possible.
Just remember not to overtade and choose the right lot size for not risking more than 1% of your account on every trade.
You’ll see more information about money management techniques in my FxStreet collaboration.