Traders who have chased the price as it bounces upward and have often suffered losses because of a sudden reversal would want to keep this strategy in their minds when trading currencies. By employing this simple strategy, they can determine whether the price will continue in the breakout direction or not. This helps them to increase their profits or reduce losses.
Forex trading requires putting together multiple factors to formulate a trading strategy that works for you. There are countless strategies that can be followed, however, understanding and being comfortable with the strategy is essential. Every trader has unique goals and resources, which must be taken into consideration when selecting the suitable strategy.
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When trading forex, you always speculate on whether the price of the base currency will rise or fall against the counter currency. So in AUD/USD if you think AUD will rise against USD, you go long (buy) the currency pair. Alternatively, if you think AUD will fall against USD (or that USD will rise against AUD), you go short (sell) the currency pair.
Hi Rayner reading through, I come to realize without any doubt I am a swing trader, due to my full time a very demanding job which I would like to be knowledgeable and profitable with trading to catch a break. My question here is since I know what kind of trader I am and I like the trend following strategy, how can I create a trading plan that as I follow to the T, will give me an edge as u always say, in the market.
Forex trading requires putting together multiple factors to formulate a trading strategy that works for you. There are countless strategies that can be followed, however, understanding and being comfortable with the strategy is essential. Every trader has unique goals and resources, which must be taken into consideration when selecting the suitable strategy.
This forex trading strategy takes advantage of the momentum of the market that is currently prevalent. Any market sentiment is a sum total of all the traders’ prevalent sentiments. This ultimately results in the forex market moving in a specific direction. Market sentiment is a very important aspect and traders should learn to read or feel the same in order to successfully trade currencies. Sometimes it is easy to understand the sentiment, but some other it may not be very obvious.
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Traders who have chased the price as it bounces upward and have often suffered losses because of a sudden reversal would want to keep this strategy in their minds when trading currencies. By employing this simple strategy, they can determine whether the price will continue in the breakout direction or not. This helps them to increase their profits or reduce losses.
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However, it's important to note that tight reins are needed on the risk management side. These Forex trade strategies rely on support and resistance levels holding. But there is also a risk of large downsides when these levels break down. Constant monitoring of the market is a good idea. The market state that best suits this type of strategy is stable and volatile. This sort of market environment offers healthy price swings that are constrained within a range. It's important to note that the market can switch states.


Traders who have chased the price as it bounces upward and have often suffered losses because of a sudden reversal would want to keep this strategy in their minds when trading currencies. By employing this simple strategy, they can determine whether the price will continue in the breakout direction or not. This helps them to increase their profits or reduce losses.
Like most technical strategies, identifying the trend is step 1. Many scalpers use indicators such as the moving average to verify the trend. Using these key levels of the trend on longer time frames allows the trader to see the bigger picture. These levels will create support and resistance bands. Scalping within this band can then be attempted on smaller time frames using oscillators such as the RSI. Stops are placed a few pips away to avoid large movements against the trade. The MACD indicator is another useful tool that can be exercised by the trader to enter/exit trades.
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For me i see, both trade might sense the same interm of finance because, the long term trade have a great deal of pips in profit as compared to the short term trades, so the one with short term trade will trade more to compesate the profit of the one with long term trade. But sometimes what matters is what you can see on the screen at time t, if it happens the short time has favour so you can take it and if its a long term trade you can also trade. But the major deal is about your time to trade as stated in this article.

Binary option trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade binary options or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.
76% of retail accounts lose money when trading CFDs with this provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The forex trading strategy Carry Trade is different from other forex strategies. While most of the Forex trading strategies follow the concept “buy low/sell high”, Carry Trade relies mainly on the difference in interest rate between the currencies. This means that forex traders can make profit even if the market is stable. When employing this strategy, traders buy a currency with a high differential ratio, meaning the interest rate of the currency they buy will be higher than that of the currency they sell.
I have been totally blown away by all of the information you have been providing us! I have been getting my trading education over the past 11 months and it always seems that people will only give you part of the information and always leave out the most important parts. And I am talking about information that I am paying for! You my friend give us the full meal deal and we are so grateful for that. You Rock!!
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