Although traders should have a little more, 25% of discipline is important in everybody’s life. Every trader loses discipline at some point in the time in life as it is highly challenging to remain in discipline when trading. It is the emotions and state of
Trading with stop loss is the most important part to minimise losses. Those who ignore the importance of stop loss are on a tough road in the forex market. But to become successful in this field without losing much money, you should know the way
Generally, Traders consider the technical as well as fundamental analysis to determine the entry and exit points of a currency pair. However, this is not the same with price action as in this case trading is done only by analyzing the movement of the price
Price action is a highly complex term for the beginners as usually they are taught that it is the change of the price of a currency pair in a particular period. The definition leaves them baffled as if the price action is just a change
Swings are a great way to identify the correct stop loss and target points. If you can identify a swing, you can easily make out the high probability target areas by drawing the Fibonacci extension.
The general rule that the traders follow is to buy and
The highs and lows of a swing are an excellent help when it comes to the success in the forex market. A trader should keep this in mind – It is impossible to put a stop loss and target price correctly without identifying the swings.
You will be surprised to know the answer which is – we don’t know – as Fibonacci numbers work on almost everything from DNA to the universe. It works on everything that you see in this world and so is in our forex world. Nobody