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How to trade daily forex charts
all its variables. Understanding the overall daily time frame bias of the market is very important for trading the daily charts and the 4hr or 1hr charts too. This means you will trade less on the daily chart, but the trades you do take will naturally be higher-probability. Well, Ill bet if you go look at your trading account history right now you might just find the answer yourself. Just follow the trading instructions listed below. Now, lets get back to my main point that trading lower time frames is decreasing your chances of winning and destroying your trading account.
Look at this chart below of the daily spot Gold market. Professional traders view the market as an arena to spot high-probability setups, setups that virtually jump off the chart at them; they then trade these setups and risk only an amount of money that they are 100 comfortable with losing. An uptrend will eventually turn into a downtrend and the opposite is also true. Yet, even though you know its keeping you from achieving success in the markets, you cannot break your addiction to trading lower time frame charts and over-analyzing the markets. If you think that trading the daily chart fits your lifestyle better than intra-day trading, take this trading strategy for a spin. About Nial Fuller Nial Fuller is a Professional Trader Author who is considered The Authority on Price Action Trading.
Daily Chart Forex Trading, strategy is a very simple, forex trading strategy that beginner. Forex traders will find easy to use. If you think that trading the daily chart fits your lifestyle better than intra-day trading, take this trading strategy for a spin.