Forex Trading Basics
It is an open secret in forex trading that around 90% of traders lose their hard earned money again. However, this is not necessarily due to the fact that they cannot trade at all, but in many cases it is simply due to misunderstood risk and money management. There is no shortcut on the hard way to becoming a successful trader. As a beginner, you should not look for any convenient shortcuts, because in principle it is just a waste of time. A basic Forex training with a step-by-step guide or a Forex 1x 1 are the best options for long-term trading success. Those who have completed the training can then identify their weak points and work on them themselves.
Forex Strat Plays
Depending on your preference, you can set the stop loss close to the breakout mark or work with trailing stops so that the trade is automatically closed when the price falls. Once you have identified the trading range, you place a stop buy order above and a stop sell order below. Visit our frinds from fxbonusoffers.com to find more info. As soon as the area is left in one direction, the corresponding order is automatically activated and the breakout is dealt with immediately.