Forex Demo Accounts

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Good day today, with two nice trades taken in the room, both of which went quite well. More important than the profits is the method of the trade: * How you analyzed the trade * How you entered * Where you exited * How you determined your trading plan All are very important to a [...]

Lets start with one of the trades we were following since yesterday’s recap – the GBP/CHF on 30 min timeframe. The trigger was a Bearish Divergence. Price made higher highs, while stochastics were giving lower highs. We consider this an aggressive “Class A” divergence. The entry for this trade was determined by certain Fibonacci Retracements, [...]

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Out of intraday trade setups today, we traded just one. The Yen pairs were going crazy in the Asian session, and have been dropping like a stone. We managed to catch the GBP/JPY – and did not anticipate such a large move. The Divergence was certainly there – a Bearish Divergence. We entered our Short [...]