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The application of Fibonacci number sequence in practice
Look beneath the headlines
The application of Fibonacci number sequence in practice
Every trading terminal has a function of automatic construction of Fibonacci levels. But in the proposed grid there are not all the levels, but only those that most frequently "work". Not necessary to share these levels on important and unimportant – it is very conditional.
Indicator of crisis: how to determine its approach
One of the most popular strategies of many investors - trade during the crisis. When quotes almost at the bottom, the time for a successful purchase. However, there is no guarantee that the market is at the bottom.
What is locking of position: dangers for novice traders
Locking — this is analogous to the hedging transaction but the trade is only opened in the opposite direction on the same instrument with the same broker. Example: the opening of the lot to buy an asset worth $ 10 and similar simultaneously sell the same amount.
How to select currency pair for trading in Forex
First steps in Forex trading start with choosing a reliable broker and trading platform. And when everything is already there, a trading account is open and fulfilled a second question arises: how to choose currency pair?
What is timeframe and how to select it
Best timeframe each defines for himself individually, but you should pay attention to the fact that certain strategies only work on certain time intervals. And how to determine a suitable timeframe, I will discuss below.
CFD - interesting tool for active trading
Contract for difference — is a contract obetween two people, which provides the compensation for the difference in value of the asset at the end of it. Example: two people enter into CFD contract with the underlying asset "the stock" at its current cost of $ 10.
Trading strategy by economic calendar
The economic calendar is another very good tip for the trader about which direction can change the direction of the trend, for example, the currency pair after a news release.
How to trade on vacation
Trade on vacation — it's a constant nervous tension, and tell me you need it? Just forget about the trade and have a good rest.
How to set stop-loss order
Stop loss and take profit orders placed by a trader to automatically close a position. Take profit is set higher than prices (for long positions) the stop loss — below.
Types of orders
Order is one of the first instruments faced by the trader at the beginning of trading. I think everyone has heard about the need to set a stop loss and even understand its value, but not sure what all novice traders aware of such varieties as a trailing stop.