know that the forex market is very dynamic. As I have marked with the blue lines the price even contracted to a daily move of only 20 points! You must remember that short-term trades are very precise. Read thoroughly and make an informed choice. A suitable candle would consist of a Chubby look with an opening and closing prices close to the days high and low as shown in the chart below. Full Article, the Right Strategy in an Irrational Market Forex Trading Strategies.
Right from the amount you invest to the profit you earn depends on this. Conclusion So when you decide on a forex trading strategy, you have to remember some points.
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There are no wild emotional rationalisation, every trade is based on a calculated reason. The long shadow refers to the length of the line from the closing price on a candle to the high or low price of that particular candle. The main strategies are trading the expectation, the knee-jerk reaction and the main event. That way, you can safeguard your trades from very sharp moves. It makes you choose or reject a particular trading concept. #5 The strategy works well on all major US Dollar crosses. The premise is that most times markets can only move to a certain extent. After making a new higher high, the price in uptrend must correct. The harder for price to cross a certain level, the stronger it is and the profitability of our trades will increase. Full Article, trend Trading Forex Trading Strategies, trading along the trend is one of the safest ways to trade and a great forex strategy for maximising profits. In green we can see a correction to the downside, notice the slowing downside momentum?
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