If the price isn’t going anywhere, then the lines that you draw thru the highest highs and the lowest lows will either be horizontal and parallel to one another, or they’re going to be converging (drawing closer together) or diverging (drawing apart). If they are horizontal, you could use them as support and [...]
Archive for March, 2010
Best Tips To Learn Day Trading
March 28th, 2010
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1. Track Everything
although you have to work fast when you are using day trading methods it is worth making the effort to write everything down. Again this is a habit you can train yourself into while in demo. You’ll be dazzled how much it helps you to grasp why things [...]
How Foreign Exchange Works
March 28th, 2010
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The currency market, unlike the stockmarket, is open 24 hours a day in the business week. This again is because of its international nature. It is always business hours somewhere in the world, except on weekends and vacations. This means that currency exchange traders can operate at just about any time [...]
The Trend Is Your Friend
March 28th, 2010
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It is widely known in the currency trading world that the trend is your friend and any currency trading strategy based around following a trend, such as No Loss Robot, is probably going to be both easy and effective.
It is easy to create trend lines on any foreign exchange chart, but most [...]
