We have already discussed the common mistakes of Forex traders that lead them to giving up. Today it is time to address the opposite side of the matter. Let’s talk about the qualities that characterize a successful and profitable Forex trader. We will start by reflecting on the stories of the ones, who earned a rightful place in the top Forex traders list and use their experience as a guide towards a fruitful trading journey. Plus, we will go over some of the fundamental qualities that define a successful currency trader as well as the...
Trading divergence is one of the ways to trade on the Forex market. Although this strategy is not often applied, if used correctly it can be very profitable. Divergences are often used as important trading signals. But this does not mean that they will always predict the trend reversal correctly. The divergence of price oscillators has long been recognized by technical traders as a clear indicator of potential price reversals. Clearly visible divergence, especially on long-term charts, can be extremely accurate in many cases.
Doing technical analysis, absolutely any trader is interested to see in advance where the rate of this or that asset will move. After all, in order to trade profitably, it is important to see the divergence of Forex on any timeframe. That is why it is a rather popular type of trading on the Forex market among professional traders. It is regarded as a specialty of professionals, and beginners are not recommended to get involved in this topic. However, we will try to what it is in the most accessible language, understandable even to beginners...
Forex Scalping Strategy Definition Forex Scalping And Strategies Forex Scalping Signals And Indicators The specifics of the Forex market are that small movement of several points in one direction or another are much more frequent than large and tangible price changes. If you trade on such movements, BUY/SELL positions can be opened literally every second and if the circumstances are successful, you can get decent results by the end of the working session. Consequently, scalping is one of the most popular methods of trading in the...
For the positions to bring profit, the trader should understand what exactly moves the price on Forex and how the quotes change. The fundamentals of the market economy, supply, and demand are the driving force, but many other factors influence the currency market as well.
