At the beginning of each week, I release video analysis showing all the possible trades based on my trading method for the upcoming week. I trade only GBP/JPY and average about 100 pips per week. I take trades based on support and resistance lines, candle patterns, and price action.
My method is very simple but before you trade it you should download my free PDF manual. It is important that you understand how I trade instead of just jumping in blindly when a trade is triggered. The goal is for you to become a consistently profitable trader, so start reading and learning.
Nick Bencino is a professional Forex trader with 5 years experience.
He is also founder of Forex4noobs.com from which he teaches new traders how to trade the Forex market.
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What a great week we had last week. We had three trades and all three were winners making a total of about 150 pips. This week is looking great too. We have four scalp line trades and a possible S+R line trade.… More…
Imagine a small losing streak of just 5 trades risking 3% on each; it would cost you a massive 13% of your account. Think about that for a second, 13% of your account wiped out by just a handful of bad trades...... if you're a trader the very thought of that should send shivers down your spine.… More…
Meet Jack: Jack is a professional trader. He makes all his money trading the Forex market. He has been trading for five years. He is patient, disciplined and, in his trading, he is fearless. Meet Tom: Tom is a newbie. He barely manages to break-even with his trading. He has been trading for six months. Tom takes unnecessary risks as he is undisciplined, and he panics when he takes a trade.… More…
Looks like the market calmed down a little last week so here is the weekly analysis again. Keep in mind that Japan wants the JPY to devalue as a high Yen is bad for exports. Last week we saw some Japanese central bank intervention and I wouldn't be surprised to see the same this week. So we could be seeing some more bullish moves on G/Y in the coming days.… More…
