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Candle strategy is week by week.


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Candle strategy is week by week and can be utilized on different currency pairs. On the off chance that the light was bearish, at that point the position will be long, if bull - short. Make certain to set a stop loss of 100-140 focuses and a take benefit of 50-70 focuses. At the point when the center of the week comes, we close the order in the event that it has not yet shut by benefit or stop. From that point forward, sit tight for the start of the week again and repeat the procedure, for no situation opening the transaction toward the finish of the current week.

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  • 3 years later...

Forex brokers work as an intermediary and some brokers also provide signals to traders so traders can gain some profit. However, finding a reliable broker nowadays is really tough. Eurotrader is a secure broker for large investors and they allow traders with a whopping 111% deposit bonus.

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  • 2 weeks later...

Brokers serve as a bridge that enables traders to engage in forex trading. Therefore, it is crucial to carefully consider when selecting a broker. By choosing the right and suitable broker, traders can ensure a comfortable and secure trading experience. This is also something that I have personally experienced since joining Tickmill as my broker of choice.
 

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Forex trading is not easy or instant. It requires a process and time. Therefore, it is advisable to continue learning and practicing to sharpen your analytical skills so that everything can develop and improve in executing trades, especially with Tickmill as your broker.

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Candlesticks are the real indicators so try to read to the patterns of several candlesticks to predict the price. Broker choosing is a tough step in Forex and if you make a mistake here, you will have to suffer in the very long time. FXOpulence provides a smooth mt5 trading platform free of all technical errors.

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  • 5 months later...

Candlesticks are the real indicators so try to read to the patterns of several candlesticks to predict the price. Broker choosing is a tough step in Forex and if you make a mistake here, you will have to suffer in the very long time. FXOpulence provides a smooth mt5 trading platform free of all technical errors. Their trading instruments like Indices1000, crypto500, USD basket and EURO basket are well-enriched.

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The selection of a broker should be carefully considered, as the broker serves as a bridge for traders to engage in forex trading. That's why I chose to join Tickmill broker, allowing me to trade comfortably and safely here.

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  • 5 months later...

I think candlestick patterns work on more than just weekly charts. Such models also work on smaller timeframes. At the same time, the same size of stop losses is not suitable for different pairs, since the volatility of different currency pairs is also different. Therefore, in some places stop losses will be smaller, and in others they need to be set more if the volatility of such instruments is high.

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