Powerful: Forex Trading Strategy To Trade Round Numbers #forex #money #market

Powerful: Forex Trading Strategy To Trade Round Numbers #forex #money #market



Powerful: Forex Trading Strategy To Trade Round Numbers

Powerful: Forex Trading Strategy To Trade Round Numbers



www.desiretotrade.com/group/
Forex Trading Strategies To Trade Round Numbers

Round numbers are powerful, even in Forex trading, because institutions usually place their orders at those levels.

In this video. I provide Forex trading strategies to trade round numbers. I want to ensure you understand the importance of the topic.

Round numbers in Forex are price levels such as 1.10 or 1.12. We allow two digits after the point since numbers are smaller (compared to stocks).

You can trade round numbers on both lower and higher time frames. The key lies in observing the reaction in price action when the price gets to a round number.

Once price hits a round number, it can do two things:
– Reverse
– Continue

However, it is not unlikely that price will consolidate prior to reversing or continuing. As a result, a trader interested in trading round numbers would need to either identify strong reversal price action patterns or a strong breakout.

Like in any trading strategy, the goal will be to implement money management and to be disciplined in executing on what you’ve defined.

If you found this video useful, please give it a like!

If you truly want to succeed in Forex trading, you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you’re good at.

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3 Comments
  • can believe
    Posted at 14:56h, 09 October

    Thank you very much
    It's very good

  • Emmanuel Amartey
    Posted at 14:03h, 09 October

    THE MOST SENSIBLE TRADING STYLE I EVER LEARN….SIMPLE THATS THE ONLY THING I USE TO TRADE 4HRS AND DAILY

  • Etienne Crete - Desire To TRADE
    Posted at 13:42h, 09 October

    Are you guys using round numbers in your trading?

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