This was the pictorial illustration talked about above on when to enter or open a deal with regards to the channel system.
Remember you only open an order or enter the market when price hits the zone plus or minus 5 pips from the line of the channel.
This is a pictorial illustration of when to enter the market/ open a deal with regards to the channels system. Here , you only open an order or enter the market when price hits the zone plus or minus 5 pips from the line of the channel as illustrated on the images above.
Most Traders like myself often exit the market because we ‘think’ we know what is going to happen. You need to understand that you never know for sure what will happen next, you have to trust your trading edge and then let the market play itself out. Forex trading is a game of risk and reward...
There are so many educational forex articles, tutorial videos and so many forex tips available on the internet which you can learn,practice and aster instead of relaying on robots which might mess up your account.
The primary goal of every trader is to be profitable and to limit his/her risk limit per trade. This which isn't easy and simple to be done. One way to limit risk in a trade is to hedge. Lets take a look at what hedge is and how we can hedge in forex
Hedging is simply bringing forth a way to...
You are very welcomed, I recommend you start with a demo ,practice and continue to study till you feel you can move ahead to live trading ..All the best pal :)
This article is dedicated to new traders who are yet to master the act of Forex Trading. We’ll be looking
at how you can use the Channel tools.
The Channels are a common tool in technical analysis which is used to trace when to buy or sell. A
channel is made of Tops (Support) and Bottoms...
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