Forex day trading on AUD/USD: Bounce trading strategy [Video] – FXStreet
In todays live forex day trading video we covered AUD/USD day trading opportunity we took today in London trading session. We took this trade together with our forex mentoring students since we liked the price action on AUD/USD. In this forex live trading video you will learn how to trade forex (or futures or stock market) by combining the price action such as forex support and resistance zones, timing, market behaviour and price patterns.
In todays AUD/USD forex trading price action we were looking to sell the australian dollar against the US dollar, once price bounces from major horizontal resistance, and showed bearish momentum. Day trading the forex market takes experiences and it is strategy for advanced forex traders, since you must understand the big market picture and also the lower time frames (day trading) charts such as 5 min charts.
Combining the swing trading strategies and day trading strategies together can help you grow your trading account faster, but it must be done with correct risk management and trading mindset, since forex day trading takes more time and you as a forex trader must make decisions quicker (in relation to swing trading). In todays AUD/USD live trading video you will learn how to trade forex with bounce forex trading strategy.
Scalping Strategy Course (DVD + Online) - $299.00
In the much anticipated Forex Scalping Strategy Course, Vic and Sarid show you short-term focused techniques and strategies to make quicker profits while reducing market exposure.
Forexmentor Coach's Corner First Month (Online) - $149.00
The Coach's Corner offers 2 live sessions per week, an integrated approach to trading, FREE access to the VicTrade video course and Darko's Pattern Trading Video Lessons.