How to Trade EURUSD Forex Pair to Get Huge Profits?
Learn how to trade EURUSD forex currency pair and get huge profits. Trading is very easy as long as you know what you’re doing. Trade EURUSD today the right way with this simple guide. You don’t have to trade many currency pairs to make big profits in forex trading. Are you ready? Let’s get started in this guide.
Forex trading especially focusing only one currency pair will make you become more skillful as a trader. To trade only one pair successfully especially the most popular currency pair like EURUSD, USDJPY, GBPUSD is very simple using simple steps.
Do you want to trade EURUSD forex pair the proper way to get big profits in your trading career? IF so, let’s dive into the guide.
Focus to Trade EURUSD Only
If your interest is on different things or currency pair, you will not get focused. Focus to trade EURUSD only. What I mean focusing to trade EURUSD only is that you will learn how this currency pair move, learn its volume, its volatility, etc.
Trading EURUSD Tips: You can’t focused on one thing if you keep on watching different things. Watch only EURUSD and trade it. That way, you know what works and what didn’t in your when you trade the pair.
Choose the Time Frame to Trade EURUSD
Some professional traders can use any time frame and make profits. Determine you trading style and find out what time frame is the best to trade EURUSD based on your trading style.
You can be a scalper and use M5 and M15, if you want to be a day trader you can use M30 to h4. And if you want to ride the ups and downs of EURUSD, then be a swing trader and use h4, d1, weekly chart and monthly chart.
Trading EURUSD Tips: Our goal is to trade less and make more. Risk less and get huge rewards. That way, swing trading using the h4, d1, weekly and monthly chart is recommended.
Choose when to Trade EURUSD
When to trade EURUSD? It is not the time we are talking about here. You can trade it whether during New York session, London session, etc. But the right and proper way to enter a trade is very crucial.
Trading EURUSD Tips: I enter a trade when I only have free time. I don’t glued my eyes on the chart. By doing so, I only look for the daily chart and when my strategy and criteria meets, then I enter a trade and look at it (whether it win or lose) after a week or two. Yes, I am doing a swing trading in EURUSD forex pair only.
In swing trading you don’t need a lot of indicators in MetaTrader 4. Professional trader trading EURUSD only draw support and resistance and enter a trade based on what they see on the chart.
Image: Trade EURUSD Forex Pair used in article posted in www.InvestmentTotal.comI am using CCI indicator if you asked. CCI stands for commodity channel index. I am looking for candlesticks and the level of CCI 100 and -100. I enter a long trade when the signal line came from lower -100 and touched (crossover) -100 going upward with pin bar or any other reversal candlesticks. And enter a short trade when the signal line came from upper +100 and touched +100 going downward with pin bar or any other reversal candlesticks.
Less Trade, Earn Big (Avoid Overtrade)
If you want total freedom, you should have more time to spend for leisure, relaxation, going anywhere you want. If you overtrade and look always on your chart, you will have less time for yourself because your time spent only reading chart.
In swing trading EURUSD only, you can these benefits;
- You get more freedom with your time
- Less stress and happy and healthy lifestyle
- Less risk, huge rewards
Imagine risking 100 pips and making 500 to 800 pips in swing trading. If you’re patiently wait for several days or week or even a month.
Would you rather want to make 80 pips a day glued your eyes working 8 to 12 hours a day in your chart or work less than 30 minutes per day to find out what’s going on in EURUSD forex pair and make huge profits every month.