Forex trading strategy is reading and understanding the story of price. Thinking of candles as simple patterns is the wrong way to do things. The minimum risk to reward ratio I use is 1:1.5. This is the most simple form of trade entry, but also one of the most effective. An indecision candle indicates only one thing Indecision!
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When you see that specific pattern, you assume that something will happen. Getting in at the forex neural net Right Time In the previous chapter I explained that a reversal comes in three parts. Normally people say that a spinning top means a reversal is imminent, which can be true. The Forex market (and any market for that matter) is in a constant state of struggle between bulls and bears. Learn My Forex Scalping Strategy While the strategy above is an awesome day trading strategy and even a swing trading strategy, for scalping you will need a different approach. The indecision candles need to form on or near to the support and resistance area. Placing support and resistance areas is the most important skill you can master in trading. Good traders dont randomly place entry orders and hope that they get lucky. This happens all the time on every Forex pair and in every financial market for that matter. Regulation concerns Forex brokers looking to work with Bitcoins face a few challenges, most of them are regulatory.
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