Universal Market Trader Trading Blog

Today we wanted to show you some “active” trading of the forex using the Universal Market Trader.  Instead of focusing on time intervals (for example 5 minute charts) like our last couple of videos, today we’re going to discover “tick charts” – a number of traders are unfamiliar with these but they really provide some excellent trading set-ups.  Tick charts have several advantages over time intervals including they are more responsive to fast moving markets – but also tend to handle slower moving/choppy market conditions better.  We definitely suggest forex traders give them a look especially once you learn about the ideal timeframes to use.

You’ll notice as well from the video how we pick the “best of the best” – our focus is always to take the highest odd set-ups we can – without undue risk.  Our strategy always has our reward greater than the risk.  This is not a strategy where we are going to put on a trade then have a risk of hundreds of pips so we can pick-up 20 pips of profit.  It’s the exact opposite – you will always know that if you’re target happens to be 20 pips – your risk will always be less than that.  Not only is that comforting, it also enables you to use smart risk and money management.  If you take a loss, you take a loss, and you move onto the next trade.  We’re not going to stay with a trade until proven correct – that’s just stubborn trading an ultimately it will lead to a large drawdown and potential wipeout of your account.  We take the exact opposite approach – no one trade is ever make or break for us.

Take a look at the trades on the video – even if you know very little about the strategy rules you can see that it’s not difficult to identify the trades, the targets and the stops.  You just place the trade, and manage it per what you see on the screen.  Check it out here:

GBPUSD Active Forex Day Trading Monday & Tuesday