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This concept of buy low sell high, What does it mean?
It means that when the price goes down and reaches the bottom, you should buy. When the price goes up, you sell your position and you make money… easy money bro!!!.”
But how can you know that you are buying at the bottom?
In reality, it’s a lot easier said than done. Are you sure buying low and selling high is the ONLY way to make money and how do you define low and high?
Let’s analyse EURUSD on a 4-hour chart:
Look, this must be the low, buy now that the price is very convenient”.
… things go in a different way. this is your chance to buy even more at a super cheap price! You can’t pass on this opportunity! Buy low!”
… things go in a different way.
“Buy low, sell high” it is a bit like saying “make money”… now HOW???