In the Forex market there are two types of orders that traders employ, in relation to taking a position in the market, Passive and Aggressive.
Passive
These are orders that are placed in the market using a buy/sell limit. Basically a trader will identify a trade according to ones strategy and place an order. If the price reaches the level, your order will be filled.
Aggressive
Aggressive
Pay attention to the first part of the Profitable Passive Forex Trading Setup part 1,to discover what techniques I used to execute my trading plan. The trade was on the EUR/USD 30 minute timeframe. You will acquire a better understanding regarding the thought process behind why I enter trades and the risk management involved.
Entering the trade is only the first hurdle in the direction of striving for trading success. Keep your eye out for part 2 of this live trade, to see whether the trade accomplished and achieved my profit target and most importantly, how I managed the risk element of the position.
Entering the trade is only the first hurdle in the direction of striving for trading success. Keep your eye out for part 2 of this live trade, to see whether the trade completed and reached my profit target and most importantly, how I managed the risk element of the position.
To your success.
To find out more and watch the informative video, please go Profitable Passive Forex Setup