Forex Trading Tips
20th March 2019Forex trading can be handled easily in a guided way. It is easy to learn and trade when you have some basic knowledge of what it is. By learning, you can become a professional forex trader and earn the markets regularly with profits.
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Realistic Goals of a Trader
01st March 2019Behind every success story lies a lot of determination and hardship, and most important a precise goal that motivates and leads every successful person to strive and achieve his dreams. Saying that it is also important that while setting the goals we should adopt a realistic approach and not just set them too high and then feel demoralized when not able to achieve them. So it would be better if we pursue them in small sections, which means creating stages for reaching the ultimate goal. The smaller division would be easy to achieve rather than aiming for higher goals.
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Follow Golden Rules and Consistently Win Trades
18th February 2019Habits are something that is very difficult to change, so why not cultivate some good habits. For a Trader one such habit should be of winning trades. But certainly to achieve that some techniques or golden rules must be practiced wholeheartedly. Systematic Planning and following that is one of the basic rules a trader must follow. A combination of all such techniques when applied together forms the mantra that leads you to the path of success.
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Pillars of Forex Trading
17th January 2019Forex trading is the act of speculating on the foreign exchange market, with the intention to make more money profitably. Forex trading in otherwise said as FX trading, foreign exchange trading or currency trading. Let’s see the pillars of forex trading here.
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Pennants and Flags
14th December 2018A flag in the shape of a triangle with a tapering tail towards the end is referred to as Pennant. A similar looking pattern is formed immediately after a major movement in the price chart of a financial trading asset in the shape of a triangular flag that can be seen by connecting the trend lines which are converging towards the end of the chart and then follow the same path of the initial trend with an outbreak. Pennants can be classified as Bearish Pennant and Bullish Pennant depending on its trend direction. This is how a Bearish and Bullish Pennant depicted in a Chart.
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How to Get Benefit With Trading Triangles
20th November 2018Triangles are one of the price action concepts of the chart. Triangles can reveal us many things about the market scenario, momentum shifts and the balance between bulls and bears. Triangles are made by uniting two trend lines where one is resistance and another is a bullish or bearish line. Every trend line comprises two or more than two prices thus, upper and lower trend lines necessitate at least two or more points in price.
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Profitable Traders Do Nothing Almost 99 Per Cent of the Time
21st September 2018Patience is the foremost requirement for any novice trader to eventually emerge as a butterfly. When the prices stoop or surge, what strikes is an unquenchable impulse to buy or sell the stock. But the truth is that you will have to be conscious of your actions and importantly, cuff your mind away from rash decisions.
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Trade the Bullish and Bearish Rectangles
04th September 2018Chart patterns have been the closest ally of day traders. You can easily slither out of a bad trading day with chart patterns for their easy-to-the-eye formation and evident profit margin. One such formation is the rectangle chart pattern. Of course, the price action doesn’t give us a perfect rectangle, but it can be predicted with the cues of the chart. Here is how the pattern works.
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Making the Most Out of the Wedge Pattern Formation
16th August 2018Rising and falling wedges are chart pattern formations mostly employed by day traders for their potential in predicting the upcoming price actions. It wouldn’t be precise to group wedges into one category; Wedges can either be reversal or continuation pattern.
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