FOREX trade EURNZD 12/8/12

 FOREX trade EURNZD 12/8/12

           Hi, guys, it's me Onesiphoro, In this blog, I will show you how I trade the currency of EURNZD in the FOREX market. The main chart that I usually look into is the weekly chart in order for me to figure out where the market will go or either it was buying or sell position but first we need to know the news first because it can affect the market movement even there was a trend, support, and resistance. 

The picture you see is the live EURNZD 12/18/12 market in philippine time 2:50pm. The Higher time frame will help you determine the whole story of what will happen next in the long run. 

In this picture, you will see that I already put position from stop loss to Take profit. This is actually the strategy of other traders but I decided to analyze and it was right with a possibility of 70 percent and a loss of 30 percent but still, it was worth trying. 

                                                 In this picture, you will see that the strategy is taking effect and it looks great right? With proper Stop Loss and Take the profit you will gain a lot per month in spite of that there was still a loss but still, it was better than investing in a bank which only gives you 1 percent per month. See you on my next blog.