NZD/JPY analysis

[Juan Jaramillo]

In the NZDJPY chart there is an opportunity to the sellers because here we are looking that RSI is at the touching point of 70.0 which is fully in favor of sellers. Besides 80.22 is a strong resistant point. To the sellers the entry point is at 79.78 and the target point is at 78.70.

 

[Willem Hesselink]

90% of traders lose 90% of their bankroll in less than 90 days. - High level. Most traders are impacted by the emotion factor, once your strategy is established, stick to it, avoid multiple trades, especially correlating ones. The most common error is not having a risk management system. If you do not have one, then you are gambling. If you do not learn from your mistakes, you will repeat them, if so then you are part of the 90%. You have to study hard, track and learn all aspects of the market, control your money and analyse all your trades.
Do not trade just to trade, enter a trade when all your rules or requirements are confirmed. If you think about the quantity of people trading and that lose money, you should ask yourself, what does it take to be a successful trader? If you do not know the answer, I highly recommend you trade Forex4you Demo account until you do.

[Resolve]

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[Resolve]

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[Resolve]

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