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    ​Priceless Methods of Trading!

    Abstract:Keeping learning can make you survive in forex trading because of the ever-changing market.

      Keeping learning can make you survive in forex trading because of the ever-changing market. Based on the trading experience of a virtuoso, methods are summarized as follows for your study and reference.

      Essence of trading

      Overcoming flaws in human characters is the essence of forex trading. As such, you should make efforts to do the following things:

    •   Dont be afraid or overconfident amid transactions.

    •   Cultivate the mindset based on the market, which equips you with the capacity to analyze all information from a market point of view.

    •   Concentrate on existing opportunities instead of blindly predicting.

    •   Keep up with the market. Be patient when outcomes are uncertain and wait for a chance.

      Observe changes in trading volumes and prices

      Technically speaking, prices are reliant on the concentration of counters, capital in the market, and extent of selling pressure. They all see continuous changes that are reflected by the relationship of volumes and prices, which dynamically determines the trend and prices.

      Technical analysis boasts numerous indicators, but underlying them are prices and trading volumes. The latter is the internal impetus of the former.

      Find clues based on trading volumes

      Volumes are indicative of the competitiveness of long positions and short ones. Trading volumes should be prioritized when you watch the trading charts. Please focus on the trading situations of big deals when you make transactions as they imply the price situations of main funds.

      1) It is the moving average (MA) of trading volumes that should be observed, which is the indication of counters being continuously concentrated into the main force.

      2) Regions, where volumes pile up, are crucial for the position building conducted by main players in the market, playing a significant role in determining the cost of opening positions with main funds.

      Download WikiFX to get lessons from experts who have traded forex for over 20 years. (bit.ly/wikifxIN)

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    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
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