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How to Create a Forex Trading Strategy?

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How to Create a Forex Trading Strategy? The word ‘Strategy’ itself is intimidating to novice traders as there are no foolproof techniques to create a flawless strategy. You might have a tight grip over the concepts of trading, but that doesn’t come in handy when creating a strategy. So, here are the basics to help you create a strategy. Step 1: Identify the trader in you The first factor to consider before developing a trading strategy is the time frame in which you can trade. In Forex trading , you can trade at your convenience, but sticking to a routine will help you make an effective strategy. Day traders are those who can spend most of their time reading charts and numbers. They make over a dozen trades in a day. Swing traders hold on to a stock for a few days, and the time they spend is only to keep themselves up to date. Step 2: Foresee the trend The better you know the trend, the better are your chances of profit. The trend is the way in which the market mov...
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Importance of Understanding Margin and Leverage | Alfa Financials

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Importance of Understanding Margin and Leverage Margin and Leverage are important terms in forex trading . It is highly essential for all investors to understand these concepts thoroughly before setting out to trade in the currency market. By being ill-informed about these terms traders tend to either overtrade or undercapitalize their accounts. Leverage and margin criteria, laws & requisites vary among various brokerages and countries under operation. It is mandatory for investors to check with their respective brokerage firms for the specific rules that are applicable for their trading accounts. What is Leverage? One of the highest advantages of the currency markets is the one offered by trading leverage. Without the use of leverage, it would have been next to impossible for currency traders to accumulate sufficient capital to participate in the market that was earlier the sole prerogative for banks and financial institutions. Leverage is an essential aspect of the f...
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Trade the Bullish and Bearish Rectangles

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