And back to the important step in Forex training you can’t possibly miss - to the terminology. In a previous article, we already got familiar with several terms. So, without further ado, catch the next portion of useful lingo.
Latest Articles
Success on Forex is not determined by the absence of losses. You will inevitably open unsuccessful trades. Your performance will be positive if the total profit exceeds losses. For this, you should correctly calculate the risk-to-reward ratio for each individual transaction.
Today we will talk about price action trading. Did you know this strategy is one of the most popular used in Forex and other financial markets, such as stock market, crypto, and commodities? Moreover, it is obvious even for beginners who just started their trading career. You can meet various trading action patterns, but there's nothing complicated in it, as every indicator is derived from price, so it makes sense to learn this strategy and understand the market. Keep reading if you are interested, as we also cover the main steps for price action trading.
Determining key price levels and putting this information into action is the most important thing in technical analysis. It is crucial to understand how to find key levels in Forex. That's why it's recommended to learn about psychological levels at the beginning of the career.
Popular articles
Stay tuned for the latest FXCL stories
By leaving your address, you agree to receive our e-mails. But you can unsubscribe at any time