Forex Articles – page 5

While trading on Forex, many traders don’t use take profit, preferring to close orders manually or to wait, while the market closes it by itself with the stop out. However, take profit is quite useful instrument, especially in case trader, due to some reasons, has no ability to control the order during all the time. In this case take profit is very useful.

Fibonacci instruments are very popular among the traders on the currency market. The developments of the famed Italian mathematician are widely used for analysis on the fond and trade markets, as well as on the Forex market. Fibonacci has come to the sequence, in which every next number is the sum of the two previous ones – 2, 3, 5, 8… Noteworthy, in case you divide practically any number from...

Successful trading on the Forex market includes three components. First – a trading strategy that the trader uses, second depends on how he manages his capital and the last part is trader's ability to follow the rules, chosen by him, e.i. discipline. Each trader should use the money management. The trader must be clear about the rules of opening and closing positions for a successful application of the money management methods and...