One of the toughest decisions that a trader faces day in and day out, often-times, isn’t how to enter into positions. Through experience and repetition a trader will usually have a good idea of how they want to enter markets or situations in which they want to trade. The toughest decision that most traders face on a continual basis is ‘When should I exit?’
Uptrend: Buy at Support or a Break of Resistance. Downtrend: Sell at a Break of Support or at Resistance.
Compelling Risk, Reward Opportunity on AUD/JPY from Confluent Kumo InflectionTraders across the world were met with strength in risk-on trades today. For newer traders, or those just finding markets days like today can prove conflicting.
Imagine for a moment that you are in a profitable trade as the position continues to accelerate in your direction. Then all of a sudden, something happens. Price starts to move against us. You watch your profits dwindle away with each tick of the market. What do you do?
Many traders wish they could gain a lot of experience in a short amount of time... The following method may help