never forget this important forex trading rule

Always wait for the candle to complete its formation befor placing your trade
Here is what i mean ....
Lets imagine we see a break below a channel on the 1-hour chart.

The Time now is 4:30 pm
(Click On Image For Clear Image)

Many traders will get excited and scramble to enter in to a sell order.In their excitement , they forget that the last candle is not completly formed yet.

The Time now is 5:00 pm
(Click On Image For Clear Image)

And here is what happens when the hour is up and the candle is fully formed - prices shot right back up in to the channel again.This is false break.

Rule Of Thumb

Only trade breakouts after a candle closes above a resistance level , or below a support level.
Do not trade on breakout candles before they have completely formed .This is reason why expert forex traders advise new traders never to trade on the initial breakout of a triangle or channel formation.

g bhai apne bohat hi achi informations share ki hian aur new traders ke liye zaroori hai ek wo is mien apne andar patience paida karen aur isko theek se seekhen.

g han apne bohat hia chi information share ki haia ur forex mein trend line aur channels ki boat importance haia ur ap inko use karke achi trading kar sakte hian.

gee bhai ap ne yeh to trading ke important chezein bta de hien boht he ache hein aur trader ko in canlde se apne trading ke trend ko smjhna he aur apne trading mein market ke movment ko es se smjh kr apne trading mein sahih trading krne he