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132: Trading Price Action With Support And Resistance - Nick Bencino

132: Trading Price Action With Support And Resistance - Nick Bencino

FromDesire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders


132: Trading Price Action With Support And Resistance - Nick Bencino

FromDesire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders

ratings:
Length:
48 minutes
Released:
Feb 26, 2018
Format:
Podcast episode

Description

Trading Price Action With Support And Resistance – Show Notes In episode 132 of the Desire To Trade Podcast, I interview Nick Bencino, Forex trader & founder of the Forex trading blog Forex4Noobs. We discuss how to trade price action with support and resistance areas as well as a couple of other very applicable topics! The reason why I decided to bring Nick on the show is that he was one of the people who directed me toward price action in the early years of my Forex trading journey. Nick has a very down-to-earth approach and a similar trading style to mine. Most traders can definitely learn something useful from his trading method.  Watch the video interview! Topics Covered In This Episode Why Nick Bencino trades higher timeframes 4:20 How Nick Bencino started to trade at 15 years old 6:02 The process Nick went through to learn about price action 18:18 What Nick Bencino considers as price action 12:45 The timeframes Nick likes to trade 15:30 A controversial opinion on candle close 18:38 Where new traders should start to learn trading price action 20:35 How to deal with subjectivity in placing support and resistance areas 23:40 How often Nick replaces his areas and start fresh 26:25 How Nick validated his trading methodology 28:30 How Nick takes profit on his trades 32:20 The top challenges people have trading price action 33:55 How to decide what pair to trade 36:00 The most important traders must do 39:58 Resources Mentioned Steve Nison's Japanese Candlesticks Charting Technique Nick's new site: Cryptos4Noobs DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Nick Bencino? Forex4Noobs Twitter YouTube What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!
Released:
Feb 26, 2018
Format:
Podcast episode

Titles in the series (100)

My name is Etienne Crete, and I love the idea of trading Forex for a living but I was fed up with the non-applicable tips and sayings that get you nowhere. So I created a place where aspiring Forex traders can learn a solid process that will get them results and won’t let them down. The Desire To Trade Podcast has for goal to help you develop Forex trading skills for more freedom. I interview successful traders from around the world. My focus is on providing you with lessons from my personal trading experience and my conversations as I trade and travel around the globe.