Thursday, October 14, 2021

Trading the forex market

 Trading the forex market can be very profitable if you take the time to gain some knowledge on how the currency markets work. The forex markets is a world wide markets that trades the money from different countries. Different currency pairs are traded against each other. You also can have interest rates that are connected to each pair. Hedging a forex trade is one way to use the interest in your favor. The forex market has news releases about every day that can effect how a fx pair is trading. You need to make sure you know what news is to be released on any forex pairs you are trading.


 Successful traders follow rule based strategies to minimize emotions which can ruin a trader's work.  An uptrend is a series of higher lows usually accompanied by higher highs in price. A downtrend, in contrast, is a series of lower highs accompanied by lower lows. As traders, we are taught to trade in the direction of the prevailing trend for our selected trading time frame.  Logic dictates that if that trend ends, it would be wise to exit from your trade before losses grow or profits are given back.

Sunday, August 15, 2021

Trend Timing

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