| The work with suitable trading strategy can be critical | | | | are, the more reliable your analysis would be. Then the |
| for successful Forex traders. The fundamental and | | | | traders use these levels to make decision on some |
| technical analysis strategies may remove incomes at | | | | currencies. |
| big time scales. The way to the big profits is in the | | | | Another method of trend identification is mean values |
| recognition of big trends at the right time. | | | | analysis and shifting. The mean value shifting can give |
| At the moment the exchange participants have some | | | | you better overview of price changes. When the price |
| analytical instruments which can predict the market | | | | moves over the mean shifted value, it could go to the |
| movement. And it is important for beginners to | | | | next level. |
| understand and use these instruments. You need to | | | | The rules of the Forex trading strategies are the |
| have good knowledge of basic concepts and then you | | | | following: |
| will be able to use strategies. | | | | |
| The trend prices keep moving until it breaks the | | | | 1. Do not risk bigger amounts as you may lose all your |
| resistance level. When currency breaks the resistance | | | | money. every experienced trader warns you never |
| level, the price will be rising for some time. And when | | | | put everything. |
| the currency breaks the support level, the price will be | | | | 2. Do not risk amounts bigger than 2% of your trade |
| decreasing. If you can find it in time, you will be very | | | | account. For example, you have received $300 on |
| lucky person and have big profits. | | | | your account but you need to risk about $15. well, do it, |
| There are internal and external factors that influence | | | | but limit yourself with 2% as your account will grow. |
| on the trend changes. To see that you need to know | | | | 3. Always put stop-losses. But if it is not clear where |
| the main factors and realize that it depends on | | | | to set stop-loss, do not make a deal. |
| technical and general reports. | | | | 4. You should know your exit point before you enter. |
| The most reliable way to define a trend in time is | | | | 5. Train on the virtual account before open the real |
| charts analysis. For determining support and resistance | | | | one. |
| levels, you need to analyze the chart of the prices at | | | | 6. Control your emotions. You can rule the system only |
| different time intervals. The longer chart and intervals | | | | with clear mind. |