FX:GBPAUD   British Pound / Australian Dollar
GBPAUD trade forecast video.

I am all about quality over quantity. Because of this, I spend a lot of time waiting for a trade that will never come or watching an opportunity pass me by. It is a common misconception within the forex industry that a trade should be executed every time you are on the chart, this is not true.

Time should be spent breaking down a pair, looking for direction bias, key levels and market structure, alongside other technical and fundamental analysis . Once this has been done, there is then the task of identifying the optimal location to enter the market to minimise risk and increase the probability of success. As well as trying to be as profitable as possible as that is the goal after all.

I find a trading plan with set rules for an entry is the best way to ensure discipline when trading. This is certainly the key to my success!