The Number #1 Trading Style Recommended For Beginners - Forex James
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So what is the style, you may wonder? In my other video (https://youtu.be/S6q1ASwNaS8), I talked about the 4 different types of trades.
Remember to always trade what you see, not what you feel. If you ever get confusing signals, when one timeframe says up and the other says down - Let price dictate what it wants to do.
STOP GUESSING & OVERTHINKING.
Pros of Breakout Style:
Leaves the guesswork - Let price prove itself
Catch the momentum in a short period of time
Give up your R:R for a higher WIN rate
Cons of Breakout Style:
Risk to reward is worse, for example when compared to range trading.
Remeber to aim for consistency first, before you can get the big wins. Taking profits at 1:1 is a good start to achieve that consistency.
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