There are times when taking a break-even on a forex scalping trade, or ANY trade for that matter, is warranted. I’m not talking about micro-managing a trade. I’m talking about reading price action in an objective way, and then deciding if a break-even is prudent. This kind of forex trade management can make a huge difference for anyone, but especially for beginners.
In this video, I’ll show you the support and resistance levels and the forex price action analysis that led up to taking a break-even trade on the GBP/JPY pair in our Forex Scalping trading room. The members were notified that I was taking a break-even trade, in real time, not after the fact. This saved them from taking a full loss.