Category Archive Forex books

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Forex Lost Profit Status

Forex Lost Profit Status

The third reason that traders spend many futile hours on the input signal is the illusion that the perfect entry will provide control and dominance.

Traders often think that the input signal will give them control over the markets and dominate them. This can be likened to preferring to use numerical random numbers in the numerical lot. However, if you also use special numbers or random numbers selected from the digital lottery, you have a chance to win. Almost the same true, moving average does not change or change your odds of success or loss of your trading, just as you can see when using days or days to pick up fibonacci numbers or others. I do not want to create an idea that creating a trading system is meaningless for you, of course, traders need an input signal form. It is also a fact that we need to analyze the trends that occur, what conditions we should expect by entering them. But by focusing on the input signal only, the system’s other complex elements and very important
Money management and trading psychology is the biggest mistake to ignore, ignore and ignore. The two most important elements of being a long and successful trader are now traders. By ignoring these elements, concentrating on the search for ‘Holy Grail’ will surely add you to 80% of the money, which makes you no money.

Enemies of a Technical Analyst are the following.

1) Passion,
2) To see what is present in the graph, not what is in the lower self,
3) Moving Outside the System,
4) To deal with the consequences rather than the consequences,
5) Not to take lessons from mistakes,
6) To forget that the sell signal is at the same time receiving signal,
7) Forgetting that the Al signal is in the hold signal at the same time

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How to earn money with Forex

How to earn money with Forex?

Remember, in order to fully understand trends, you need to be generally educated about currency trading and market routes.
Newcomers should not connect everything to the foreign exchange trading market trend-watches. Once you gain experience, you will begin to follow more and continue to grow with this experience. In addition, be aware that Forex market may be affected by other things. These effects can change the trend people expect. I mean, you have to be mature enough to keep track of trends and figures all by yourself. Train yourself about these terms and know them on the real market. After all, learning and practicing are really different things. When you enter the world of forex trading, you will immediately understand the importance of using technical analysis to understand the moment when you first look at forex charts in order to find trends and benefit from the very beginning to the very end. The foreign exchange market is a very popular market, there may be many increases and decreases in very short time, so technical analysis can be very effective. However, you must always keep an edge of your mind that these signs can only give you a high likelihood of giving the market a boost while you are shopping, but you can not make sure the behavior of foreign exchange prices is absolutely sure. If you want to be a profitable forex trader and want to make the best predictions about trends, you should use as many technical indicators as you can, or create a personalized shopping strategy based on these indicators.

 

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What is Forex Methods

What is Forex Methods

1. How are news and appreciation detected?

The most important factor determining the direction of a parity is the news about the currency concerned and the perceptions of the Market Players about that parity.

The issue is that if the USD raises the interest rate on the EUR / USD parity, the USD-oriented transaction can be opened without any technical analysis required.
News and economic data can be traced from various Forex sites.
In addition to this, Market Players may decide that if a parity is going to go up, the Buy operation can be started regardless of the technique. Perceptions of parities can be controlled with data called Sentiment.

2. HOW SUPPORT AND RESISTANCE IS DETERMINED?

Perhaps the most important technical issue in Forex is the determination of support and resistance points.
Resistance of a previous support when drawing Support-Resistance should not be taken for granted that a previous resistance might support.
After setting the graph to detect DDs, at least 2 points that are paused at the same level are determined and a horizontal line is drawn. The price is more likely to pause and change direction at this level.
Note the support and resistance in the picture. The price is having difficulty passing through that region.

3. HOW TO DRAW THE TREND LINE?

Trend lines also affect parities like the same support resistance. Trend lines generally work with 3’s. This is called the sister technique.
When plotting the trend line, the previous 2 dips or crests are determined. The price is expected to return from these lines.
If the trend line is exceeded, resistance can be turned into support.

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What is Forex about

What is Forex about?

Simple example – what is Forex?

It is easier to talk with examples on different topics.

Think that you live in the US and you will go to Japan tomorrow. Do you want to get a good taste, get a nice Japanese porcelain or some Japanese scarf for your partner, you will also have to pay takside taxi and taxi fare. However, you have only US dollars in your pocket, but of course you are aware that we are using dollars in the Sweeden – Swedish Krona in the US, but there are yen in Japan. So, you have to buy some Japanese yen PAY using your dollars in your pocket. We can also say that you are “exchanging US dollars and Japanese money”. If you make currency between US dollar and Japanese yen, you can know how much I will pay for $ 1 (or say you need to know exchange rate). For example, when you go to Japan, you realize that one dollar can be about 100 yen and you decide to change 1000 $ and you get 1000 x 100 yen. After having a good time in Japan, you go home and you have 1000 yen left in your pocket. Of course you do not need this paralysis anymore, so you decided to trade for the US dollar in the future.

In fact, when you are buying money, you are participating in the forex market.

Forex traders often use the term “buy” and “sell” currency instead of “exchange”. Obviously the purchase of one currency is the sale of another currency, and the sale of a currency. Forex market is possible because exchange rates are not static and change very frequently. I got there and then your friend goes to Japan. However, he thinks that he can get 100 yen per dollar, but the exchange rate has changed and now he can only get 95 for 1 dollar. What a pity!

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How to Start Forex

How to Start Forex

As the financial market with the largest transaction volume of today, forex is housed in every small – large, individual – institutional investor. These investors can perform their transactions under the same conditions as investors all over the world. Thanks to 5/24 transactions carried out over the internet, which market is open in the world, investment is made through that market.

STEP AT FOREX WITHOUT RISK!

Considering the opportunities and benefits offered by the market, the number of those who ask for forex is increasing day by day. At the same time, we are also wondering about the question of how to get into the forex market. If you have $ 100 and the forex market is attracting your interest, you can shorten your membership process, get the necessary free training, and become an investor.

The first step to getting started with Forex is to do some research and get brief information about it. Foreks should learn what is right and interpret the market objectively. There will be many comments on the internet and these comments may contain incorrect or incorrect information. That’s why you should learn from reliable sources. Once you have your mind, you should call yourself an intermediary. This intermediary is the first point that you need to evaluate the legal nature of the institution.

Once you have identified the most appropriate brokerage house, you will need to fill out the relevant forms in order to enter the necessary information. These forms ask you for your name, last name, email and phone number. You need to enter this information completely and accurately. What you need to do to get into Forex is up to this point and the next step is to be knowledgeable and experienced.

 

You need to get more information and experience to get started on the Forex market. If you are looking for how and where to learn Forex, the brokerage house that you are a member of will be extremely helpful in this regard and will give you the most accurate information. This knowledge and experience can be gained by taking advantage of free training opportunities offered by intermediary institutions. You will learn from the A to Z market when you benefit from training sets in the form of Forex books, training videos, online seminars and demo accounts.

 

Do not forget to set yourself a goal and strategy to get started with Forex. Create an investment plan and stick to the plan. Determine from what way you will follow and move in a steady manner.