Today Trading Signals
In this forex strategy, we will show you how to profit on major releases, such as monetary policy meetings and nonfarm payrolls. You don’t need to be an expert in fundamentals to understand the strategy, but you should at least learn some basics.
Trading pullbacks could be a profitable strategy, you sell the pullback in a downtrend and you buy it in an uptrend. It looks easy on a screenshot, but defining your entry when you trade live is not always so clear. Make sure to trade not only with the trend but also with the market sentiment.
Many traders search for the most accurate forex strategy or the most profitable strategy. The truth is any strategy could be profitable if a smart trader uses it. You cannot expect to win every trade, but if you are smart, your risk management will keep you booming.
The Elliott Wave theory is one of the most popular subjects in trading and many traders claim that it actually works, so you better pay attention to this lesson. As a forex trader, you obviously want to know when to enter and when to exit the market. Mr. Elliott’s theory might give you some clues.
The flag patterns are continuation patterns, which means the price enters a brief consolidation period before it continues in the trend direction. Traders would expect to recognize bullish flags on up trends and bearish flags on down trends.
Candlestick price action makes use of the hollow (or filled) candlestick pattern and the wicks (or shadows), which determine the open and close and the high and low, respectively. Based on distinct patterns, candlestick price action can help traders to determine what is happening in the forex and crypto markets.
It is not always easy to find a good forex broker because there are so many shady brokers located in offshore countries who work like casinos. They operate unregulated and lure new customers with higher leverage and sign-up bonuses.
Once swimming in the Pacific Ocean with the big sharks, in 2019, the binary brokers are more like marmosets hidden deep into the jungles of Brazil and India. It is still possible to find them and it might be fun to play with them, but it is not allowed.
FX Options is a new trading instrument introduced by IQ Option in late 2018. The company launched the product as an alternative to binary options. Traders can buy Higher and Lower options with expiry times.