Forex Trading | GBP/USD & NZD/USD – Meticulous Shorting Near the Top
Weekly AMA on Instagram - Ask me anything about trading & investing, stock picks, market analysis, etc!
Wow, another exciting day of shorting and raking in profits. As I explained to some new traders today, there are 2 kinds of positions – the intraday trades and the overnight positions. Both require a different mentality and strategy to trade.
Most people get confused by trying to both at the same time, often with dismal results.
Most people who started off trading stocks (many of our students also trade SGX stocks, and so do I) initially tried to use traditional methods like indicators, which you might get away with for long-term stock trades, but for intraday trading, speed and precision is more refined.
After using such precise techniques, you will find the timing of your stock trades dramatically enhanced as well.
As you can see from the charts below, these timely shorts can easily be spotted on blank charts, and executed quickly without the confusion of numerous conflicting indicators and signals.
New to Trading? Make your first live trade today in this workshop! Meet Spencer live for 3 hours of hands-on training! No prior experience required! Learn all the basics of trading, and step-by-step guidance to make your first trade!
If you're looking for the best trading opportunities every day across various markets, and don't want to spend hours doing the research yourself, check out our private Telegram channel!
Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.
Leave a Reply
Want to join the discussion?Feel free to contribute!