July 14 2022
Everyone wants to know how to trade like a bank trader, they make up 5% of the total number of traders and yet they make 90% of the total profits in FX Trading.
In my experience bank traders are not smashing markets about all day like masters of universe. In fact they manage the day to day trades of the banks clients. They take positions for their own account only when conditions are most favourable. They use Support & Resistance.
The most common mistake of retail traders is to look for the big breaks and consequently they buy too close to resistance and sell too close to support. Hoping for big cash out.
Use Support & Resistance correctly and understand the opportunities these chart points give, and you will soon see a positive effect on your trading performance.
Use simple clear easy to understand charts, and low risk strategies to succeed.
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