are based on the idea that in an uptrend, prices will tend to close near the high of the trading range, while in a downtrend, prices will tend to close near the low of the trading range. There are tw...
Overnight Financing Fees: If you hold a position overnight, you may be charged a financing fee or swap rate. This is the cost of borrowing or lending the currency overnight, and can either be a cost o...
is another crucial aspect of successful forex trading. Traders must set stop-loss orders to limit potential losses and have a clear plan for exiting trades if they are not going as expected. It is als...
patterns, and market trends, traders can make informed decisions on when to buy or sell currency pairs. 4. Fundamental analysis: Monitor economic indicators, news events, and geopolitical development...
time, dedication, and continuous learning. By setting realistic goals and expectations, you can avoid becoming discouraged when facing challenges in the market. Lastly, make sure to regularly review ...
time: 2024-08-24 00:34:15