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Market trends


David Meyers

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Market trends are the obvious trends in financial markets that move in a particular direction over time. These patterns are organized as ordinary in the high time frame, primary in the medium time frame, and secondary in the short time frame. Traders strive to use technical analysis to recognize market patterns. Regarding this matter my broker Eurotrader educational course helps me a lot to understand the concept.

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Every trader should follow the trend. Because the maximum trader is trading in favor of the trend. If you trade against the trend, you are more likely to lose. When I was a new trader, I faced losses by trading against the trend. From that loss, I have moved forward with education. If you want to make a consistent profit, you should trade for the trend. It is less likely to be lost.

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The forex market is unpredictable, but the big gains are also between the up and down movements. But it's very important to keep an eye on the trades to know when to make a profit, stop loss, and adjust trading strategy upon market condition. Also, when trading, trader should always set Stop Loss and Take Profit order. It helps trader to manage risk efficiently. Unlike most of broker, TP Global FX always execute my order perfectly.
 

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  • 5 weeks later...
On 11/28/2020 at 6:06 PM, Ross Edwards said:

The forex market is unpredictable, but the big gains are also between the up and down movements. But it's very important to keep an eye on the trades to know when to make a profit, stop loss, and adjust trading strategy upon market condition. Also, when trading, trader should always set Stop Loss and Take Profit order. It helps trader to manage risk efficiently. Unlike most of broker, always execute my order perfectly.
 

The use of SL and TP really must be able to be considered well, this is needed and necessary so that traders can be better and can be more maximal in carrying out trading activities that are in line with expectations while on a real Tickmill account.

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  • 3 months later...
On 12/29/2020 at 9:21 AM, uncle gober said:

The use of SL and TP really must be able to be considered well, this is needed and necessary so that traders can be better and can be more maximal in carrying out trading activities that are in line with expectations while on a real Tickmill account.

If we want to earn income from our trading we will need to use a Trading Plan.

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There are a lot of strategies to make a profit in the forex market. Traders can use one or a combination of these strategies in their trading, depending on their personality. There is no better one strategy than the others. Mastering one or two is enough to become successful. As a scalper, I am trading with Forex4you. They give me the best trading condition for scalping.
 

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On 4/27/2021 at 9:47 AM, uncle gober said:

choosing a broker must be able to pay attention to it well, this is done so that traders can be maximized in getting the security and trading comfort that matches expectations with Tickmill.

We will need to do our trading with the help of a Reliable ECN based Forex Broker like FXOpen 🙂

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