Giving yourself a chance for a good reward to risk profit is incredibly important. Why? Because forex trading losses happen, and by keeping losses small compared to our forex trading profits, we come out ahead.
In this video, you’ll see a 400 pip profit, all set up by price reacting from a key level of price support, confirmed by price action. However without proper trade management, and allowing the trade to run, you could have ended up with a very poor Reward to Risk. Bottom line is: use prudent trade management and give yourself a chance...you just never know.
Take a look:
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We’ve just added a new video to the library, and will continue to do so in the future with any videos we feel will add more value . Check it out right here:
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COMMENTS FROM OUR MEMBERS
“That makes total sense, thanks alot!...and thanks Darko for another excellent PMA - what a great way to figure out which neckline is the best one to use when you have more than 1 to choose from - I have often felt a bit uncertain about which one to give more credence to - I will use this technique from now on - also used it to do some chart gym time!
“My trailed SL was hit for EURNZD...5.5:1 RR” (this is the trade referenced in this video)
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All the best,
Vic Noble
Darko Ali
info@forexmentor.com
Forexmentor.com
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The Coach’s Corner Basic Service is now in its 15th year, hosted by Vic Noble and Darko Ali. This is the most valuable and affordable coaching you’ll find on the internet! All trades called IN ADVANCE...NOT after the fact!
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“Developing a Community of Empowered Currency Traders”
The products and services referenced on this site are analytical tools only, and are not intended to replace individual research or licensed investment advice. Unique experiences and past performances do not guarantee future results. Trading currencies involves substantial risk, and there is always the potential for loss. You trading results may vary. No representation is being made that these products and any associated advice or training, will guarantee profits, or not result in losses from trading. NEVER use anything other than risk capital for trading.
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