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How to execute the perfect buy and sell orders using trend line

The trend line trading is one of the most profitable trading strategies and it is designed to trade in favor of the long term prevailing trend. You will notice certain differences in your charts when the trend line takes place such as the bounce off i.e. that the line obeys the trend and when it breaks the breakout strategy is the ideal strategy. In order to find the trend line, you should be able to draw the lines properly and correctly, if so you can forex trade the market. Also, the trend line breakout can be tricky; you should understand the possible ways to the breakout in the trend line. While trading the financial assets make sure to limit your risk by using protective stop loss. In the Forex market each and every single detail or decision should be made with thorough knowledge. Let us learn more about the trend line strategy.

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Crude slowly settles higher as OPEC initiates settlement

There has been massive in the global market as the price of oil faces an extreme level of selling pressure in the global market due to the increase of recent supply of oil. Most of the leading oil investors were in doubt since the price of oil was going down by breaking many important levels in the market. However, the price of oil found its first strong ground in the market after the OPEC stated their oil cut policy in the global market. Such a drastic action from the OPEC leaders has not yet been seen in the global market since 2008.The oil investors found a strong sign of relief in the global market after they were informed about the production cap in oil to bring stability in the oil price. The price of Brent started a strong bullish rally in the market after hitting the bottom at 26.01 and most of the leading investors made a decent profit in the market. However, the leading oil researchers are now overly cautious about the energy market since there are lots of uncertainty since in order to bring stability in the energy sectors a positive approach from all of the leading oil producing country is strongly required. Decent Jump in crude: In the last Friday the price of crude oil jumped after hitting a minor support level in the market due to the optimistic statement from OPEC leaders. The leading oil investors are now seeing a light of hope in the market…

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How to manage your trade efficient in forex trading

In order to make a decent profit from the forex market, you need to learn how to manage your trade very efficiently. Those who are trading the financial instrument for a long period of time, have learned how to manage their trade under different market conditions and this has allowed them to make a profit in the forex market in the long run. On the contrary, the novice traders always start their trading career without knowing how to trade the market with limited risk expose. They think forex trading as a get rich quick scheme and ultimately incur huge losses in the financial industry. If you truly want to become a professional trader in the financial industry then you need to follow the foot step of the professional trader to make a decent profit in the market. There are a number of different ways of managing your trade in the market. To be precise the technique greatly varies from traders to traders in the forex market. It’s true that at the early part of your trading career you will have a tough time to manage your trade properly. But if you are truly devoted to forex trading then you can easily learn how to manage your trade in the market. In this article, we will discuss some of the tips which will allow us to manage our trade properly.

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How to spot the best price action setup in the forex market

Trading can be an extremely difficult task if you don’t know how to trade the market with a great level of precision. Most of the retail traders in the financial industry fail to make money in online trading since they focus too much on their potential profit. But if you truly want to become a professional trader in the financial industry then you need to make sure that you have a clear understanding of the forex market. All the professional traders trade the market with a strong knowledge of fundamental, technical and sentiment analysis. Though there are many different types of trading strategy in the forex market price action trading strategy is considered to be the most reliable trading strategy to the professional trader. By using this strategy you will never have to worry about the potential false signal in the market as the indicator based traders do. But mastering the art of price action trading strategy requires an extreme level of patience and dedications. As a new trader you will have some hard time in understanding the basics pattern of the price action confirmation signal but if you remain focus over the course of time you will be able to filter the best possible trade in the market. So let’s discuss how we can take find the best possible price action setup in the market. Use the daily chart: All the professional traders use the daily chart and the higher time frame to take their trade in the market.…

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Technical analysis on USDCHF, NZDUSD, and EURJPY. 9th January – 14th January

USDCHF technical analysis: 9th January – 14th January Figure: Technical analysis on the USDCHF pair The US dollar has been rallying higher in the market against the Swiss Franc after the FED hike their interest rate on the basis of 25 points in the global market. On that event, the U.S dollar index secured a record high in the market and tested its 14 years high. The FED have already declared that they are going to hike their interest three times at least three times in the year 2017.If they manage to hike their interest rate at least for two times in the market then the USDCHF pair will be rallied higher in the market. In the last trading week, the broke a critical support level in the market and found some fresh buying pressure in the 1.00884.However, on the last Friday, the dollar gained enough buying pressure in the market and rallied hard to test the critical resistance level at 1.02109.In the nest week, the pair is most likely to test the critical resistance level at 1.02109.If the pair manages to break that critical resistance level then the pair will head towards the next critical resistance level at 1.03357.A clear break of that level will bring strong bullish rally in the USDCHF pair. If the pair manages to break the critical support level at 1.00554 then the pair head towards the next critical support level at 0.99508.From this level the pair most likely to find some decent buying pressure…

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Sharp drop in the price of gold before year ending

There has been a massive confusion into the mind of investors from the very beginning of the year 2016.Most of the retail traders in the financial world were worried about the pending interest rate hike decision by the FED. However, things have settled down to a great extent in the global economy after the U.S presidential election held on 8th November 2016.The green bucks got a major boost during the event of U.S presidential election held on 8th November 2016.After Mr. Trump become the newly elected president of the United States of America he stated that he is going to increase the fiscal spending from the very beginning of the next year. This created an extreme positive consumer sentiment and boosted the dollar in the global market. The price of gold is measured in the dollar so when the U.S dollar index rallies high in the market the price of gold drastically falls. The U.S dollar index is the measure of the over value of the green bucks against the six major currencies in the world. In this year there has been a massive fall in the gold price since the U.S dollar gained significant bullish momentum in the market. However, the price of gold found a decent bullish momentum in the market after hitting the critical support level at 1121.63.This level is going to play an important role in the next movement of the gold price and the professional traders are thinking that the price of gold will be…

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