Yes it is.Originally Posted by ;
That's why we traders must decide on the accurate trading platform which is more suitable to the idea of trading which will be utilized.
Yes it is.Originally Posted by ;
That's why we traders must decide on the accurate trading platform which is more suitable to the idea of trading which will be utilized.
I, personally, commerce the favorite trading pairs and also in order to discover superior entrances and exits I utilize candlestick analysis together with Bollinger Bands and trend lines.
I also like to utilize EUR USD but sometimes JPY pairs are rocking, they've so amazing movements over 1 or two hours.
Remember that occasionally those movements are an outcome of news events, therefore it is a good idea to regularly check a forex calendar.Originally Posted by ;
In my trading, I use a fixed list on trading instrument! Additionally, I have chosen this list in my clinic account in line with this clinic record! And, I really don't trade in my live trading on any unidentified trading pair! On the other hand, my egy helps to know, when to exchange!
According to what I found in years of trading, should You trade with trend (buy strong sell stronger or market weak buy weaker) and when with a high leverage,
it is crucial to utilize some oscillator-type indior for entry and exit(unless you can read a lot in shapes and formation of candles).
Good is RSI or MACD (some traders utilize Stochastic as well).
Take them. Do not look on every oscillator -it will make You quite confused.
To enter nicely the long trade the oscillator should be quite reduced (e.g. RSI[20] lt; 30)
To enter nicely the brief trade the oscillator must be quite high (e.g. RSI[20] gt; 70)
Otherwise it might be too late if this will be not extremaly long-lasting move.
Moving average is not the best idea, as often as soon as the price is breaking up the MA it's a half or even more of the transfer currently done.
Better idea would be to use such as lower bollinger band (MA - StdDev) as MA for long positions
or in opposite, utilize increased bollinger ( MA StdDev) as MA for short positions.
Regards!
That is way, I really do technical and fundamental analysis regularly! In addition, once I get appropriate entry point in accore with my trading analysis just then I open my new commerce position, otherwise I wait for the suitable status of the market!
Extended time wasting story ahead. None of these are instructions . In case you've got enough time to spent and some money to loose then okay else not attempt forex..not for everybody.Originally Posted by ;