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Date: Dec 1, 2022

What can you say about Forex trading?

Date: Dec 1, 2022

Halga wrote:
What can you say about Forex trading?

Hello, a lot of people trade on forex, but not many people like it and not everyone can make good money on it, for example, I tried a lot of ways to make money and crypto derivatives trading is more suitable for me, try it and maybe this type of trading is also suitable for you, only choose a reliable trading platform, for example, pay attention to this review https://tradersunion.com/brokers/crypto/view/huobi_global/huobi-global-vs-bybit/ , good luck!

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iso400 · Member

Successful Forex Trading Steps - Pay Attention to daily pivot points Paying attention to daily pivot points is crucial for day traders but it's equally crucial even if you're more of a position traderor trading swings, or you only trading long-term time frames. Why? Because of the simple reality that thousands of traders keep an eye on pivot levels. The practice of pivot trading can sometimes be like self-fulfilling prophecy. What we mean is that markets often encounter resistance or support, or make market turns, at pivot points simply because traders place trades at those levels since they're confirmed pivot traders. Therefore, often times the most significant moves in trading occur at pivot levels, there is really no rationale for the movement aside from the fact that many traders have placed orders anticipating this kind of move. This isn't to say it's a good idea to use the concept of pivots as be the sole foundation of your trading plan. Instead, what we're saying is that regardless of your personal trading strategy You should be aware of daily pivot points in search of indications of trend continuations, or potential market reversals. Take a look at pivot points and the trading activity that occurs around them as a confirming technological indicator that you could use in conjunction with you decide to employ as your strategy for trading.

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