No more losses, {{Name}}!
Today, we're diving into a topic that's like a universal experience for all of us: dealing with losses. 😱 The ups and downs of losses can be a wild ride, but remember, they're simply a natural part of the trading journey.
In this email, we'll unravel a powerful strategy aimed at shielding your trades from unnecessary losses. 🔥
One of the best market strategies is to follow the trend.
In trading, a trend refers to the overall direction in which the price of an asset or a market is moving.
Sometimes, the trend movement may be defined by two parallel lines that serve as upper and lower bounds and are often used as the support and resistance levels.
NZD/USD (M30)
Trading inside the ascending channel is easy. You may add the extra positions following the bullish rebounds. The crucial price direction is ascending, making opening buy positions safe.
Market movements are not always linear and technically correct. It makes the price stop sometimes, failing to reach the defined level. Nevertheless, until it’s inside the channel, you follow the primary trend, there is no need to worry and emotionally close the positions that may bring unnecessary losses. Even if the price decreases or enters the flat range, you have to wait as long as it is inside the channel.  When the price comes to your take profit, usually located near the channel's upper limit, the position will be closed with gain.
Want to know about more strategies that are the best when it comes to protecting yourself from potential losses when trading?
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