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This strategy would be useful only in the instance of a long term trend ... however, on a 15M or 1H timeframe I am very much doubtful about the usefulness... -
Entry is not that a difficult point to decipher but exit is different. Mostly exit is where the nearest support or resistance is ... however, there are...Leave a comment:
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That is because mostly money management plan is absent or the traders are not following it strictly. Forex is played more like a gambling hand rather...Leave a comment:
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I think greed can be an emotion but it is the most important ingredient of a trader. If there was no greed no trader would get out of a trade if it was...Leave a comment:
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Forex is something different, I would not rank it as other online earning opportunities because it can also be dealt with offline. But as far as it is...Leave a comment:
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Despite the fact that scalping makes you greedy and jumpy, it almost finishes your sense of big picture of the market. In a layman's terms, it might have...Leave a comment:
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It is all one and the same thing, either you keep on moving your profit target and following the market with a trailing stop loss manually or you can...Leave a comment:
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On a side note, a trader keeps on learning anyway all his life. But learning to trade forex is a special time when you are in training mode, less subservient...Leave a comment:
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Rather generous use of the word 'random' ... LOL! Well, however, I think this is a topic that can be talked and rehearsed about though. By random trading...Leave a comment:
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For newbies who have just begun their demo trading session or have switched to real accounts recently, it is not a matter of how much profits they can...Leave a comment:
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A known pattern it is ... the only difference is people know it as a 'W' and you are pronouncing it an 'M'. You are missing, however, the direction or...Leave a comment:
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I think the most active reason of killing a trader's patience in this field is the forward calculation. When one delves into calculating what his profit...Leave a comment:
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A subject that can easily be compared with rocket science must not be taken lightly. Very experienced traders tend to their charts with such an utmost...Leave a comment:
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