Traders Choice FX Metatrader Broker
Metatrader Forex Broker

Contact Us | Why TCFX | FAQs | Funding | Account Forms

Call Us: 781-342-0335

Demo Account

Trade Forex Successfully with
Support and Resistance Strategies


Improve Your Forex Success with Valuable Techniques.

Trade Forex Successfully with Support and Resistance Strategies

- About the Course
  Developer

- A message from TCFX

Forex Basics

Support and Resistance Theory

- The Pizza Incident

- Support and Resistance
  - Video

- The Depth of Support and
  Resistance

- Nothing is Guaranteed in
  the Forex Market

- What is the Point Then?

- Applying Support and
  Resistance

- Applying the Rules:
  Rules 1-3

- Applying the Rules:
  Rules 4-6

Forex Basics

Head & Shoulders Trade

- Head & Shoulders Trade
  [Continued]

- Entering the Head &
  Shoulders Trade

- Exiting the Head &
  Shoulders Trade

- Example of the Head &
  Shoulders Trade

- Head & Shoulders Trade
  - Video

Forex Basics

The Firsty Trade

- Firsty Trade - Video

- The Setup

- Wait for it...

- The Entry Point

- Recap of the Firsty Trade

- Recap of the Firsty Trade
  [Continued]

- Exiting the Firsty Trade

Forex Basics

Conclusion

Exiting the Head & Shoulders Trade

Exiting the Head and Shoulders trade is fairly straight forward. For this forex trade you’ll want to first find the difference in pips from the neckline to the top of the head.  Then, take that number and set it as your profit target.  See the forex chart below for a perfect example of this:

Disclaimer: Past performance is not indicative of future results

For this course please keep in mind the following rule of thumb: Never risk more than 5% of your account on any single trade. For example if you have a $10,000 account the most you can risk is $500. Therefore if your stop loss is 100 pips the biggest your trade size can possibly be according to this rule is 5 mini lots or $50,000. This is calculated by dividing your max dollar loss by the number of pips you can lose if your stop loss gets hit. It is typically much better to risk even less, more along the lines of 2-3% of your account on each trade.

Support & Resistance Education   Support & Resistance Education
Forex trading involves significant risk of loss and is not suitable for all investors. While you can earn a cash bonus,
you can also lose money due to the inherent risk of trading. Read full disclosure.

The information contained in Facebook link: https://www.facebook.com/pages/Traders-Choice-FX/20302051398 is no longer current and should be disregarded.