Learn to Trade Forex Online
This Price Action educational video shows Johnathon placing a live engulfing bar trade using only raw price data and support and resistance levels. The second part of the video is a recap of how this trade played out and how profit was taken to best maximise the return whilst keeping the risk to a minimum!
ForexSchoolOnline.com helps individual traders learn how to trade the Forex market
WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.
Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.
We Introduce people to the world of currency trading. and provide educational content to help them learn how to become profitable traders. we're also a community of traders that support each other on our daily trading journey
Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
Hi Johnathan
Great video as always – quick question though: how do you ‘lock in 50% profit’ from a technical perspective on MT4? E.g Are you selling half your position?
Many thanks
W
Hello Warren,
trade management is something we normally don’t go into too much detail outside of the members area, however your questions is a good one and the answer is; basically as you would know MT4 does not allow you to split pending orders once you are in a trade, for example; if you have a trade of $100,000 you are not allowed to set a pending order to take profit on only $50,000, you have to set a pending order to take profit on the whole $100,000 so what you do is before taking the trade is work out your trade and split your trade into positions. That way you can manage it and set different pending orders.
Johnathon
Thanks a bunch Johnathon for this great lesson, I’ve been longing for long to know exactly what are the engulfing bars and how I should trade with them,now I can proudly say I know what an engulfing bar is.
Your welcome George! Let me know if you need anything or if you get any questions!
Johnathon