You must have heard one of the more common forex trading tips that says “Never buck a trend”. In essence, what this means is to trade in the direction where the market is headed, and never against it. However, this advice is easier said than done, especially so since different traders using the same set […]
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High probability trading strategies using multiple time frames greatly increase the chances of the forex trader being able to identify price trends that may signal entry or exit points for successful trades. By looking at multiple time frames, traders can identify trends, determine support and resistance levels and find entry points as well as stop
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Choosing Forex software is not as easy as it looks. With so many programs available in the market today, it would take traders some time to find a model that actually works for them. That being said, following are some factors you might want to watch out for when it comes to getting a
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Just like anywhere else, unexpected things happen even in the foreign exchange trading market. For example, forex slippage occurs in between the following periods: the time when you ordered to sell or buy a particular currency and the time when the completion of the transaction has been reached. However, most of the time, slippage is
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Regardless of how simple or complex your forex trading plan is you will always go back to the basics when it comes to determining how and when to execute the same. This article will discuss these basic considerations. The goal of the article is simple, provide a solid foundation for basic trading in order to
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Simply put, a stochastic indicator a.k.a. stochastic oscillator refers to and reads the momentum of assets that may refer to an upward or downward movement. And then, use this data in order to determine the point at which the momentum shifts because the price can go no higher or no lower. A common misconception about
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MetaTrader was developed by Metaquotes Software Corporation and this can run under the Windows Operating System. This software is classified under technical analysis software and trading platform. Its license is given under the name Metaquotes Software Corporation. This electronic trading platform is used by many traders in online foreign exchange market trading. MetaTrader was released
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Candlestick forex charts have quickly become the most popular type of chart used by currency traders because of the range of information it provides. A candlestick chart is essentially a bar chart, except with ‘wicks’ on either end that shows the highest and lowest prices, allowing a trader to see this information quickly. The candle
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In any trade, having the right tools is necessary for optimum profitability. An online currency converter is one such tool for forex traders who are serious about making money in the foreign exchange market. This tool might sound to be simple but the time and effort it saves the forex trader is significant enough
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There is much hype that surrounds online forex trading. No doubt, it is one of the simplest trading mechanism that is easiest to learn, but it is also considered to be the most difficult to make money from. Many people gets lured into trading foreign currencies online by the promise of huge profit potential and
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