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Showing posts with the label Forex

Trade Forex and the Stock Market Profitably Without Indicators

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Most of us are still wondering what the hell we're talking about when we say price of the transaction. This is the way the trade fair and possibly light could activate for some people and will start to really see the price as it really is. I will not enter candlestick patterns as they are covered by many experts in the field. What I will be talking about is the price action and price patterns. It's what you see on the screen when "naked" empty of everything blurred vision. Perhaps, if it continues, it is understandable why price moves towards the way it does. The price is "alive" in a manner of speaking. I treat it like a hunter. Learn their habits, and have habits that are repeated over and over again, makes all the difference between bringing home a trophy, put the meat on your table or go hungry another day. When I look at all trading systems and indicators all over the place and the latest bells and whistles that people use to conduct their operations, I...

Beginner's Guide - Forex Trading

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The forex market is the world's largest international currency trading market operating non-stop during the working week. Most forex trading is done by professionals such as bankers. Generally forex trading is done through a forex broker - but there is nothing to stop anyone trading currencies. Forex currency trading allows buyers and sellers to buy the currency they need for their business and sellers who have earned currency to exchange what they have for a more convenient currency. The world's largest banks dominate forex and according to a survey in The Wall Street Journal Europe, the ten most active traders who are engaged in forex trading account for almost 73% of trading volume. However, a sizeable proportion of the remainder of forex trading is speculative with traders building up an investment which they wish to liquidate at some stage for profit. While a currency may increase or decrease in value relative to a wide range of currencies, all forex trading ...

Forex Education for Beginners practical advice

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This section provides some practical tips and unwritten rules established among players in the market Forex. Do not play against the market Trend is your friend The market always has a certain direction. It is important to understand the "mood" of the market and most of the positions open in the direction of the prevailing trend. Other friends, except for the trend in the market is no more. Buy dips - sell the rallies. Do not catch the peaks - catch strategy The first assertion is rather humorous character axioms. The basic meaning of the market just is to buy low and sell at the top. It is important to determine when to enter the market - where the bottom, where the top. For the beginning trader should try to determine rather than the top or bottom of the current trends, and correctly understand the dominant mood of the market and build their game on this basis. In this sense, the last statement resonates with the previous ones. For successful games on the market must be mor...