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LAST ONE FOR THE WEEK!We've had a massive week on the markets and have walked away with a big profit. This EUR/USD pair will be my last trade entered before the market close here in the UK for 10pm. I normally don't tend to trade this late in the evening as i don't like leaving trades run throughout the night let alone a few hours before the markets close. But we saw this setup and could not resist to try and sneak a few more pips overall for the week. So EUR/USD has currently been in a downtrend for the last week or so and has had a spike up to our resistance level. Wed like to think this pair will have enough bearish momentum to start falling into a nice profit for us before the markets close. We entered this trade at 1.20367 and have nit yet set a TP. Were going to watch it closely and pull profits when were happy to do so. We will keep all clients up to date with all progress made. If i don't post anymore before next week, have a well need rest and we'll be back on the charts Monday.
by Forexinsightsuk
2
GO LONG!we have entered a Long position on AUD/JPY. we currently entered this trade at 80.34. This trade is still inactive therefore you can still enter from 80.312 or under. if price pushes past our entry zone then unfortunately you've missed the trade. we are hoping to see some bullish momentum here on this pair which may not happen until later today (Uk Time currently 09:15). Please watch over this as we will be updating you throughout the day and with any bearish momentum we will advise whether to hold or close positions. Lets hope we see a winning trade to end a BIG week of profits!
Long
by Forexinsightsuk
2
LETS TRY AGAIN!So a very similar trade to our last one which was posted earlier which we cut our losses from: (What goes up must come down) So what we can see here, the British pound has spiked throughout all currency pairs today which is the 04/02/21. The main cause to this i believe is 'BOE Rapid U.K Rebound Following Johnson's vaccine push' headline news. But as we can see here the price hasn't yet pushed up as far as our resistance zone. Now if price carries on to be bullish and continues to push upwards with momentum and break through our resistance zone then we will more than likely hit Stop loss. (Worse case scenario) But from analysing the chart i believe that we could potentially see bearish momentum and see price drop as far as 1.85000. im entering this trade now at the following: ENTRY 1.90317 SL: 1.90700 TP: 1.85000
Short
by Forexinsightsuk
1
Signals, Copy Trade or Managed Forex?So I've been getting some questions from my followers about when would I recommend either of the 3 over the other? Here I'll explain. == TELEGRAM SIGNALS == So this option is great for learning or micro managing small accounts. Ideal option for hobbyist, students, or part-time traders. == COPY TRADING == This option is great for small accounts as well since many copy trading programs offer a flat fee monthly subscription fee. But you're account shouldn't be so small that it doesn't make sense for the program. For example, if you start with 1000 and the returns are 10% monthly but you have to pay a $50 monthly subscription fee, well you'll only profit $50 after expenses for that program. == MANAGED FOREX ACCOUNTS == This option is best for serious sophisticated investors that understand the potential in Forex trading, as well understand the risks associated with it, and want to reduce risk by allocating small portions to various well designed and proven trading systems or strategies. Now of course you can easily purchase some off-the-shelf EAs but the issue with that is you don't fully understand the strategy or the risks with retail EAs. It's much better to find an expert trader that builds his own EAs and knows how to make adjustments the script throughout the various life-cycles of the market. With most Managed Forex Account programs, the trader's charge a performance fee rather than a flat monthly subscription fee. This means the trader that sells copy trading gets paid regardless if the subscribers make money or not, whereas traders offering MFAs only get paid when investors generate ROI.
by Michael_Harding
1