Here we have USDJPY trading in a sellers territory. My potential sell trade is @110.198 area. I will gauge buyers momentum and execute trade if need be. My potential TP is @109.745. #SIMPLETRADING #BEYONDFOREX
TRADING TIP
Risk Management- This is topic very important and a lot of new traders skip this area of trading. Having good risk management can really set you apart from being an amateur to professional trader. For example; If you have a $500 trading account. Your max trading lot will be .05. You have a lot of room to be wrong and not blow up your account. You can compound a small account into a reasonable amount so that you can start trading with bigger lots.