Trade of the Day: May 16th, 2012
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Happy Trading,
-The FxST Team
Today, Chief Trader Armando Martinez talks about EUR/USD and explains a possible trade where he sees strong support with that currency pair. Armando passes on the trade and explains why, but cautions traders that do choose to take the trade to use a very tight stop since the price action was very slow coming down to the support level. In the live training room a few traders did take +20 PIPS from the suggested area using very tight stops that Chief Trader Armando encouraged traders to use. Learn how to generate consistent profits and emotion-free trading in the Forex market long-term with the FXST Trading System.
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Happy Trading,
-The FxST Team