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Showing posts from May, 2019

TRADING ONE MARKET PATTERN FOR FOREX SUCCESS

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Focusing on a single trading pattern that provides consistent trading gains on 1 or 2 Time Frames is probably one of the best things that you can do to be successful in the Forex Market in the Long-Run. With so many patterns formed in the market everyday across all time frames, it can be quite challenging and stressful to try to trade them all.  If however, you were to only trade Uptrends and Downtrends on the Weekly Chart or Consolidation Patterns on the 4 Hour Chart, you may benefit from a more patient approach where you only trade the pattern that gives you your preferred Risk to Reward combination.  This is also beneficial in terms having some downtime from trading which can be a very stressful activity, especially if you try to trade everyday. If, for example, it takes 2 to 3 days for the market to provide new opportunities based on your preferred pattern, you can take advantage of it by taking a break to do other real world stuff. It would also allow you to remain object