Trend lines in Foreign exchange trading are easy lines indicating price pivot points, or the signs of when the price was resisted or supported. Support and resistance are likewise easy things to find out, though they might seem hard, do your research on these 3 items initially. Learning about and comprehending trend lines will significantly enhance your possibilities on the Foreign exchange market.
Interview with Jay Norris, Director of Trading UniversityDailyForex.com (blog)In my McGraw books, “Mastering the Currency Market” and “Mastering Trade Selection and Management,” I cover how we approach currency markets as trend traders by understanding when markets are in counter-trend mode. To be a trend …Interview with Jay Norris, Director of Trading University – DailyForex.com (blog)
To protect the money you invest in the foreign exchange market you can utilize a margin stop. Instead of tracking some feature of the market, the margin stop is tied to your account. You set a particular portion of your preliminary capital, and if your total investment portfolio loses that portion of its value your margin stop order cuts off all trading. This can protect the core of your investment if your technique turns sour.
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