FOREX TRADING 101 - CONT'D

The simple answer to this is you should only trade when have an excellent set up i.e. when the possibility of success rate is more than 90%. In order words take only first class trade opportunities. If the opportunity is not first class, forget it and wait for another opportunity. What do I mean by this? I mean you need to have a clear view of the market. For example look at this chart below GBPUSD 4H. You can the trends, S/R and various channels cleary.

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