04 Jun | No Brainer Trades
Just came across a great FOREX Trading blog and wanted to share.
At No Brainer Trades, Steve runs a very refreshing financial blog that offers straight-to-the-point FOREX Trading advice and posts trade information, not signals, he loathes the word signals. Here’s the blurb of what constitutes a No Brainer Trade:
Based on the premise of areas of heavy bank order flows, or simply stated, large, key areas of support and resistance which are very obvious areas for price reversal or continuation of momentum.
Anyone new to the FOREX trading game can definitely learn a thing or two here. Steve’s methods read like a text for “the right way to trade FOREX”:
- Strict risk management with attention to proper use of leverage and setting fully attainable profit targets
- Avoidance of emotional intervention through the use of proper trade planning
- Stressing deep analysis, taking trades only at very high probability areas
- Avoidance of careless trading techniques and reliance on loosely performing indicators
Anyway, enough of my drivel, head on over and check out No Brainer Trades.