HINTS BEFORE YOU ENTER AN ORDER
HINTS BEFORE YOU ENTER AN ORDER
one of the hints towards successful trading in forex is To make sure Adherence To your rules before inserting an order is strictly followed
The following are hints before you put an order
1)Spread- make sure that your take profit has more pips compared toCg To the spread and If Take profit brings less pips Than spread Don't take That trade because No profit will be obtained
2)News- any technical trader who doesn't follow news release can blow his or her account easily because news with high volatility can leads To the distraction of your technical analysis predictions ,news can be read through investing.com,myfxbook etc
3)behavior of Pairs of currencies
This is due To the fact that pairs of the same currency like EURUSD and GBPUSD must have The same signal (buy or sell) and if they are different then Your order is invalid
4)volatility of the market - higher The number of people in the market buying and selling higher the volatility of market and therefore candlesticks move up and down fast allowing earning more pips and therefore more money
5)Market sessions - make sure That pairs you won't To trade at that time are active in their market sessions like LONDON, SYDNEY, TOKYO, NEWYORK FRANKFURT If closed don't trade That pair
one of the hints towards successful trading in forex is To make sure Adherence To your rules before inserting an order is strictly followed
The following are hints before you put an order
1)Spread- make sure that your take profit has more pips compared toCg To the spread and If Take profit brings less pips Than spread Don't take That trade because No profit will be obtained
2)News- any technical trader who doesn't follow news release can blow his or her account easily because news with high volatility can leads To the distraction of your technical analysis predictions ,news can be read through investing.com,myfxbook etc
3)behavior of Pairs of currencies
This is due To the fact that pairs of the same currency like EURUSD and GBPUSD must have The same signal (buy or sell) and if they are different then Your order is invalid
4)volatility of the market - higher The number of people in the market buying and selling higher the volatility of market and therefore candlesticks move up and down fast allowing earning more pips and therefore more money
5)Market sessions - make sure That pairs you won't To trade at that time are active in their market sessions like LONDON, SYDNEY, TOKYO, NEWYORK FRANKFURT If closed don't trade That pair
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