In today's webinar Loz reminded us of some of the important basics. How Support and Resistance levels are very important. This is the 2nd step to consider before placing a trade. The first step is to check out http://www.forexfactory.com for the latest news.
Loz went over the importance of where to put your "Take Profit" levels. He also covered where to put your "Buy/Sell-Stops" as well as your Stop-Loss for different types of trades.
We also welcomed a new member and Loz assured that he was up to speed before we continued. L:oz ended the webinar with his usual Q&A, so students could get some one on one.
Agreed, very good content as usual. I made a bad trade earlier in the week causing a 50 pip SL to be hit but during this webinar Loz mentioned something that made me realise that I was too hasty getting into that trade so I now have another filter for this type of noise. Thanks mate
Loz Great content as usual. I like the analysis of previous trade setups as well as the ones you opened live. The one thing that you cleared up was how to trade the news on corelated pairs.
It definately added a layer of understanding lacking in my prior trades.
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