My Forex Trading Style
Wednesday, October 21, 2009
I was waiting for the trade update from Babypips. Trade of the day is my favorite Babypips blog and the track record is clean. Babypips is a cool forex guide for newbie.
Personally, I choose FxOpen broker to trade forex. I prefer to depose fund via Liberty Reserve and make payment through Evogate. This is not the first time I trade forex. The first season is over and I end up blowing my own account.
I trade GBP/USD, USD/JPY, and EUR/USD pair only. I need to focus on these 3 pairs before I trade the other pair. I do the day trading because I work from 9 to 5 daily and don't have the time to do the trading during my working hours.
Usually, I set the take profit target when I make a trade. With moving average indicator alone, using 14 moving average, I make decision (by default 4H time frame). However, I still observe other time frame before I make any trade.
Personally, I choose FxOpen broker to trade forex. I prefer to depose fund via Liberty Reserve and make payment through Evogate. This is not the first time I trade forex. The first season is over and I end up blowing my own account.
I trade GBP/USD, USD/JPY, and EUR/USD pair only. I need to focus on these 3 pairs before I trade the other pair. I do the day trading because I work from 9 to 5 daily and don't have the time to do the trading during my working hours.
Usually, I set the take profit target when I make a trade. With moving average indicator alone, using 14 moving average, I make decision (by default 4H time frame). However, I still observe other time frame before I make any trade.
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