Good short fulfils two criteria: Price meets resistance. Price makes reversal pattern. Based on these criteria, shorting EURGBP is not a good bet. Member section (login required) with further elaboration below.
How to replace your MT4 Expert Advisor with new version easily without redoing everything. Illustrating with The Alien Gift 2.01 (TAG 2.01 trading robot by OnlineForexMaster.com).
Log-in required. WTI is downtrending since the last 2 weeks with clear lower low sequence and almost equidistant retracement. We are looking at a repeat of this price action and critically inspecting H4 chart.
Want to know how to choose the right currency pair to trade? Realise first of all that currency pairs are different so there is no one-size-fits-all strategy. Sort them according to their level of volatility, their trading pattern and their performance then pick one according to your strategy and fits your psychology.
We respond to questions “what kind of educational qualification does an aspiring forex trader need?”, “I am a skilled technician but I did not complete secondary school. Can I trade forex?” in this FAQ.
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