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Believe me, success will not come rolling, but for people who never give up, success is definitely ours" Believe me one day, you will be thankful and grateful for starting to know and learn to TRADING 🔥 Let today be tired of learning new knowledge to succeed, let today do two jobs for the sake of the family, let today's fatigue and sacrifice be a witness to our success one day🔥

𝑵𝒂𝒌𝒆𝒅 𝒕𝒓𝒖𝒕𝒉 𝒂𝒃𝒐𝒖𝒕 𝒇𝒐𝒓𝒆𝒙 𝒕𝒓𝒂𝒅𝒊𝒏𝒈 📌The only part they told us about Forex was that we would be our own bosses and make lots of money and be rich. 📌They never told us that we would fail many times before we succeed. They never told us that we would blow our accounts. No one said anything about the sleepless nights trying to figure out a way forward. 📌No one told us about the stress and anxiety. 📌No one told us that we would be jokes to the society especially when we start changing from one strategy to another. 📌No one told us that forex was more of character development and we will have to be more than patient. 📌That we would make so many mistakes end up losing a lot of money. That at some point we would have to risk our lives in order to move forward. We had to figure this out all by ourselves. 📌 some of us after going through so much pain we decided that we were going to succeed or die trying. 📌Some of us we are never giving up on this no matter what. We are now doing it and very aware of the circumstances. It's win or nothing for us and it's too late to go back now.

Don't take losses personally because the market has nothing against you. It doesn’t know who you are, what you do, or why you traded. Instead, it's an opportunity to learn what works and what don't, so you can become a better trader—and that’s how winning is done!

4 Ways To Set Your Take Profit📊 Setting a take profit level is a crucial part of trading strategies, as it helps to lock in profits and manage risk. Here are four common methods to set your take profit: 1. Fixed Ratio Method: - This method involves setting a take profit level based on a predetermined ratio relative to your entry price. For example, if you enter a trade at $100 and set a 2:1 reward-to-risk ratio, and your stop loss is $5 below the entry price, your take profit would be $10 above the entry price at $110. 2. Support and Resistance Levels: - Identify significant support and resistance levels on the chart. Set your take profit just below a resistance level (in a long position) or just above a support level (in a short position). These levels often act as barriers where price action may reverse. 3. Moving Averages: - Use moving averages (e.g., 50-day, 200-day) to set your take profit. For instance, in a long position, you might set your take profit near where the current price is likely to intersect with a longer-term moving average, which often acts as dynamic support or resistance. 4. Technical Indicators: - Utilize technical indicators such as the Relative Strength Index (RSI), Fibonacci retracement levels, or Bollinger Bands. For example, if the RSI indicates overbought conditions, you might set your take profit level accordingly. Similarly, you can use Fibonacci retracement levels to determine potential price targets based on historical price movements. Each of these methods has its own merits and can be combined for a more comprehensive approach. The choice of method depends on your trading style, market conditions, and the specific asset you are trading.

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Types of Forex Charts and How to Read Them Read More 👉🏻 https://www.chweya.com/courses/forex-trading-basics/lesson/types-of-forex-charts-and-how-to-read-them/ Share ✌🏻 t.me/chweya