TRADING IS SIMPLE ... (TheRumpledOne)

Discussion in 'Forex' started by TheRumpledOne, Jan 2, 2012.

  1.  
    #541     Feb 13, 2021
  2. Choosing a broker indeed become one point of consideration among traders, and there are a thousand brokers in the forex industry, for me the first thing to choose a broker is regulated, although regulated broker not guarantee to remain safe, however, a regulated broker mean company has legality, FXOpen is one my favorite broker because has been trading with them for couple years and still smooth, and their support also always resolved my problem.
     
    #542     Mar 14, 2021
  3. shine

    shine

    Breakouts can also be false, when the price breaks through some level, but then comes back.
     
    #543     Nov 4, 2024
  4. bublu

    bublu

    We need to wait for more than one confirmation to enter trading even if we see any breakout in my opinion.
     
    #544     Nov 6, 2024
    shine likes this.
  5. shine

    shine

    This is True. Any level can be broken both true and false. This is a common state of the market, when they deceive the crowd with a false breakout and then make them suffer losses. To recognize the truth of the breakout, traders are better off using several methods of breakout confirmation, such as volume analysis, using technical indicators, candlestick patterns, analyzing the time of price fixation above the level and other methods.
     
    #545     Nov 28, 2024