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Forex DeMYSTiFieD: A Self-Teaching Guide by David Borman

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Chapter 8

How to Look for Good Forex Setups

CHAPTER OBJECTIVES

In this chapter, you will learn the following:

• How to read the news for good trades

• How different short-term trends affect trades

• How different long-term trends affect trades

• The importance of using a trading notebook/calendar

• How to make a good trade with bad market news

You will find that currency trading can be profitable for you if spend time looking for good setups. This refers to the times that either the technical indicators, fundamentals, or both of them are saying to enter a trade as an FX pair is ready to move. Finding setups will take time to plot and plan but trading news can quickly happen, and when this does occur, a fast situational analysis can put you ...

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