How to Actually Take a Trade in Forex: Step-by-Step Guide
Learn to Trade in 5 Days How to Actually Take a Trade in Forex: Step-by-Step Guide Executing a Forex trade is more than clicking buy or sell—it’s about precision and discipline. After seven years of trading and millions in profits, I’ve perfected a system to take trades that generate $1,000–$1,500 weekly in the $6.3 trillion Forex market. In this guide, I’ll walk you through how to actually take a trade using Price Action, from measuring pips to setting stop-losses and calculating risk, plus a real trade example to show it in action. Get my 5-Day Trading Mini-Course 1. Understand Pips: The Foundation of Trading A pip (point in percentage) is the smallest unit of price movement in a currency pair, typically the fourth decimal place (e.g., 1.2000 to 1.2001 = 1 pip). How to Measure Pips: Definition: Pips measure price changes, like units or cents. If EUR/USD moves from 1.2000 to 1.2007, that’s 7 pips. Using TradingView: Use the measurement tool (smiley f...