Today we have the most wanted news in the Forex Trading, NFP ( Non Farm Payroll ) which usually come on Friday in first week per month. This kind of news is always been wait by almost forex trader, "Big Boys" and the Beginner too. And I have a little story behind NFP news that released in a couple of hours ago.
Using Stop Loss in anytime we enter the market is one way to manage our risk in trading. While some other traders might consider it as the sissy way, I don’t….. I like to trade using Stop Loss. And it brings me to good results in the end of the day. Keeps me stick with well-controlled trading system.
Money Management is a critical point shows a difference between winners and losers. It was proved that if 100 traders start trading using a system with 60% winning odds, only 5 traders will be in profit at the end of the year.
We have learned about mouteki method to catch the sell signal in the Chapter One . Now we will learn how this method helping us to catch a buy signal. The first things, the opposite method with sell order, to make a buy order we should define two resistance points.