Eur/Usd Trading – 3 Tips That Will Make You the

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Guest post from visionsofaffluence.com

Ok, so maybe I exaggerated a bit about you becoming the next George Soros but with these tips you will definitely be able to make a lot of money.

1. Only trade it during the U.S European Overlap.

That’s not to say that you can’t have success trading it at other times but if you want to make the most of your time then you should only trade from 8am – 12pm EST because both of the European and U.S markets are open. Also this is when the vast majority of all forex transactions take place and as a result the  market will be extremely liquid so their will be great opportunity for profit.

2. Keep your stops a little wider than with other pairs.

This is the most active currency pair of them all with more people trading it than any other. Because of this it is prone to erratic moves from time to time which could result in you taking a trade and the market moving against you quickly only to turn around and move back in the opposite direction. Because of this you should give your stops a little more leeway as compared to other pairs. Remember to adjust your risk accordingly.

3. Don’t be greedy.

This is a fast moving pair so you may very well open a trade and find your self in profit quickly only for the market to turn around just as fast and leave you with a loss. Because of this you should lock in profits by closing out half of your position and moving your stop to break even once your position has reached a certain amount of profit. This is what’s known as a free trade and it ensures that no matter what you will profit no matter what happens

If you follow these 3 tips you will become a more efficient trader of the Eur/Usd. This will result in you making more money in less time and isn’t that why we trade in the first place.

If you want to discover what it takes to be able to trade for a living? Then visit visionsofaffluence.com

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About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

3 Comments

  1. Very nice post,I enjoy indeed! At least it so optimistic! Do you want to become new Soros? No problem, follow 3 tips and become him! Before reading the article I supposed EUR/USD trading is more difficult thing. Thanks to author I change my opinion now 🙂

  2. Shekhar Deshpande on

    Thanks for your post . I am from India & recently started trading after my retirement & choose EUR/USD to start with . Your post above gave me more confidence & going to follow above tips . Thanks again !