All posts tagged NZDUSD

Live Forex Trade Room 2015-02-26 +25 Pips From Three More Trades

Categories: Live Forex Trades
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This is a compilation of the the last three trades of Thursday’s the New York the session from the forex trade room. Kash’s trading remained good with the trades netting him +25 pips with and aanother +30 pips being taken on the running positions. Without doubt it is an exhibition of exceptional forex scalping technique using the Tiger Time Lanes forex software.

One of the most important lessons to take away from this session is the simplicity of the technique that Kash uses. He is always in control of each of the forex trades and ensures that his risk is under control. In addition you will notice he guides the room members through each trade explaining exactly why he has taken the trades. Watching seasoned professionals trade is a good way to pick up tips and learn from their experience.

You can find the first three trades of the session using the below links:
Orange To White Trade: Live Forex Trade Room 2015-02-26 EURUSD +9 Pips
Handling Losing Trades: Live Forex Trade Room 2015-02-26 NZDUSD -5 Pips
Under Over Trade: Live Forex Trade Room 2015-02-26 EURUSD +7 Pips

Handling Losing Trades: Live Forex Trade Room 2015-02-26 NZDUSD -5 Pips

Categories: Live Forex Trades
Comments Off on Handling Losing Trades: Live Forex Trade Room 2015-02-26 NZDUSD -5 Pips

Most forex traders will tell you it is not the number of winning trades that dictates your success or failure as a forex trader but in how you handle the losing trades. This particularly important when using scalping strategies as the margin of error is much smaller. No system has 100% winning trades but we pride are selves on the fact that our strategies have between 70 and 90% strike rate. However, one bad loss can undo much of the good work of winning trades. This is the second trade of the session for Kash. He has spotted strong support area on NZDUSD and takes the pair long. In the video you will see how he alters his initial trading plan to reduce risk as the circumstances change limiting his los to just -5 pips. This video is probably more important to watch an all of the winning videosif you are serious about learning to trade Forex.

 
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