Alan Solarsh shares three ways he stays profitable trading Forex: small lot sizes to control risk, dollar cost averaging at key price levels like 3,000 and 3,050, and using a swap-free account to avoid overnight charges.
Three
3,000; 3,050; 3,100
Lot management (using small lots)
Swap-free account
These are the three things that I do to stay profitable in Forex. I'm Alan Solosh, master trader. So the first thing that I do is I use small lots and that's called lot management. And I do that to keep my risk under control. The second thing is I use dollar cost averaging, which is placing trades strategically on the chart at strategic levels like 3,000, 3,050, 3,100. So those are strategic place that I place trades. Those are psychological levels. The third thing that I do is I use a swap free account so that I don't incur overnight charges. And you can't dollar cost average and you can't use the correct lot size with dollar cost averaging if you don't have a swap free account. So follow me for more tips. Cheers.
Double bottom forming - Gold ready for $4000 #trading #technicalanalysis #xauusd
