When to exit a trade forex
The best time to exit a trade is when the price crosses back down through all 3 EMA’s on the chart. Notice in the above example that the Dark Blue line—the actual price of USD/CHF on the 20th crossed back down all three indicators where I circled exit. If you held this position all week, you could have made a 275 pip profit.
With 1 lot traded on a standard account this would have been approximately $1780.00 in profit. With 2 lots--$3560! A mini account would have profited you $178 and $356 respectively.
If you profited 275 pips with EUR/USD or GBP/USD you would have made approximately $10 per pip, which you would have made $2750 with one lot and $5500 with 2 lots traded. Not bad for one week! More about time to trade forex
Useful Information about forex trading
Useful Information about forex trading with german language
Forex Swing Trading with Elliott Wave
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