Forex Trading for Beginners - EURUSD Trading Strategy

Trading for Beginners - EURUSD Trading Strategy

Hey Y'all!

Happy Superbowl Sunday!

I know y'all havge to get to your parties and festivities, so I will keep it short and sweet.

I'm taking a look at EURUSD today. In this video, I complete a multiple timeframe analysis with the Fibonacci retracement and extension tools. I evaluate structure as well to form my bias on this pair.

I think this strategy and approach is simple enough for beginners to follow, understand and implement.

What are your thoughts on EURUSD? How do you think things will play out?

#EURUSDanalysis #EURUSD #tradingforbeginners

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Join me as a I take a look at this forex pair and complete a multiple time frame analysis.

I analyze 28 pairs on a pretty consistent basis and choose the pairs that make the most sense for me and my trading style. I mostly look at price action and market structure.

I cover both major and minor pairs. I rarely cover XAUUSD and XAGUSD.

You will typically see me cover the following:

AUDUSD
EURUSD
GBPUSD
USDCAD
USDCHF
USDJPY
NZDUSD
EURGBP
EURCAD
EURAUD
EURNZD
EURCHF
EURJPY
GBPJPY
AUDJPY
NZDJPY
CADJPY
CHFJPY
GBPCAD
GBPAUD
AUDNZD
AUDCAD
AUDCHF
NZDCHF
CADCHF
NZDCAD

As a technical analysis trader, I focus heavily on the Fibonacci sequence, support and resistance and trendlines to complete my outlook.

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Disclaimer
Legal Notice: The views and opinions expressed on this channel are provided for information purposes only and should not be taken as (a) a solicitation of an offer to buy or sell a currency, (b) an endorsement or recommendation of any particular trading strategy or (c) investment advice.

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

[mariehoskins]

Yes! Our Lions finally have a winning team. Can’t wait to see what they accomplish near year. I’m in Lansing, looking to learn trading. Been getting bits and pieces but taking allot of notes. Thanks for doing these. One day I’m going to matter trading!

[Shoots]

Hi what broker are you currently Using ?

[DwayneMaurice]

You make me want to take this 5ers challenge