MY TRADES FOR THE WEEK AND PROBABLY YEAR DECISION ZONE/AREA is the support or resistance zone that need to be broken (that is price must close below it from the said timeframe ) and then we hit our target
Veofunds posted: MY TRADES FOR THE WEEK AND PROBABLY YEAR DECISION ZONE/AREA is the support or resistance zone that need to be broken (that is price must close below it from the said timeframe ) and then we hit our target
Thank you very much for your charts! But, it would be better if you added more words on the reason behind it!
A recommendation Read several books and study a lot, because a trader is trained in knowledge in 4 to 5 years. The first readings I recommend are 'Technical analysis of the futures market' by John Murphy, 'The future games: Who win, who loses, why?' By Teweles and Jones and 'Trade Stocks & Commodities with COT '(The COT is a detailed report of the open positions of commercial producers and financial institutions) by Larry Williams.
Yes it is an art because to be a successful trader one must have a plan with 3 variables, if the market rises, falls or is in range and for 3 I must have the entry positions defined, so I calculate my profit margins and loss, since in the market everything is probabilities and you must identify them to see which ones are more convenient.
The advantage of having to research only a set of currencies makes currency trading easier for most investors. Although this comparison may take a lot of work, there are a large number of tools and programs that help you discover profit opportunities in this market. Some investors will do this research themselves and others will use a brokerage service to guide them to make the right investments.
Well I am a trader. In recent years if my operation is based on more than 80% in the intraday, but I have made fabulous trades in all temporary spaces. We can not deny that the medium and long term trends are bigger but with the leverage of Forex, derivatives can multiply the intraday and get in a minimum time the same or more benefits. Our most important asset and never forget it is time. Now and more than ever we live every day to the fullest, tomorrow we will see.
You have every reason to consider yourself an ART. It has an analogical and economic beauty that could never be replaced, for investors taking into account their own merits and polishing them to become experts in trading is the greatest goal.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.