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How to Make a Trend Line Right

The forex traders must have been very friendly with the trend line name or in its trendline cool language, this is the most common form of the base of a technical analysis. Usefulness of this trendline quite a lot, including can give a sign of reversal, retracement or buying and selling. But unfortunately most traders can not take advantage of this trendline well because only think the trendline is just a mere line that is not very useful. But if you can use it correctly including tracing the trend line exactly, then the trend line that a basic technical analysis will be able to provide an accurate signal signal just like any other technical analysis. The traders' biggest mistake in drawing this trend line is that they mostly describe the trend line according to their trading desire instead of depicting the trend line according to actual market conditions. Then how do I create a trend line correctly in accordance with actual market conditions? Check out the following reviews from

What Is Cross Currency Hedging

This time we will learn another form of hedging that is cross hedging. Still have the same meaning as hedging, where there are two opposite open positions aimed at locking down losses. So wherever the price moves, losses are locked in the same nominal. This step is taken when there is a wrong position and a loss, aims to minimize the risk in order not to lose even greater. Actually this hedging step itself is still a debate among traders, there is a better cut loss position in a manly position if wrong position than lock the losses and in the end we play with ourselves. How not, in one situation there are two opposite positions, buy and sell where a trader must open one position and close another position to minimize the risk or even can generate profit. WHAT IS CROSS HEDGING The principle of cross hedging is actually the same as the usual hedging, but the difference is if cross hedging is done in different pairs but still a clump. Suppose buy in pair GBP / USD and sell in pai

How To Use Price Action In Trading

'The trend is your friend'. We've all heard it, and it makes logical sense; But in practice, this advice is very blurry and almost difficult to practice.so it is practically worthless. In this article, we will share a five-step process for traders who want to trade into new or 'fresh' trends using price action. Know your Time Frame New traders often wonder which Time Frame is 'best'? This is very similar to asking 'what temperature is best'. Well, the answer to that question is relative. Some people like the cold, but others like it warmer. But in general most people are in the same comfort range. Chart time frames work like this too. No Time Frame 'best'. Time frames just look different look at the same graphic image; With shorter or tighter time frames that offer a more detailed detailed view of short-term price action. Do not Chase Breakout The period that is often the most dangerous to trade in new movements also happens t

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