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Forex Site Posts

How to use the indicators like the professional trader

There are many different ways of trading the financial instrument in the world. Trading strategy and technique will vary from traders to traders. Most of the retail traders trade the financial instrument without having a proper knowledge about the forex market. But in order to trade the financial assets, you need to have a valid trading strategy and clear understanding about the market dynamics. If you look at the professional traders than you will see that all of them are using a valid trading strategy to make consistent profit in trading. However, most of the novice traders use too many indicators in developing their trading strategy. They simply think that by using too many indicators they will be able to make a decent trading strategy in the market and able to execute high-quality trades regardless of the market condition. But in real life trading using too many indicators will decrease your potential profit margin in the forex market. Most of the novice traders often messed up their trading chart while using the indicators and they even trade the market with the indicators signal without knowing how to use them perfectly. In this article, we discuss how to use the indicators like the professional traders.

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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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