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Random article: Forex trading tips
Forex trading will require very significant time and financial expenses. A novice trader should understand that if he does not study certain variations of analyses and strategies, then he will not have to count on a serious profit at all. You can practice on a demo account and get a phenomenal profit there, without using any technical methods of analysis, without having a deep knowledge of the features of the market. But this does not mean that by opening a real account you will get the same results. Success, of course, plays an important role in the work of the trader, but do not forget that the trading process is based on the knowledge that allows you to analyze the situation in the market and make your bids correctly. Accordingly, novice traders will certainly need to learn the tips provided.
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Popular article: Forex Reversal patterns: Head and Shoulders etc.
A number of reversal patterns is indicated in Forex: Head and Shoulders, Double top, Double bottom, Triple top, Triple bottom, Diamond. Head and Shoulders Top – is a classical reversal pattern of technical analysis, which is formed following to a long upward trend. The model is considered to be fair reliable and is often formed. But despite above-mentioned, many beginning traders do not manage to take profit using this graphic pattern. The reason is that positions are opened prior to forming this model. Let's figure out the structure of the figure and its formation on the chart of trading terminal. The model consists from three subsequent price extreme points, the middle one is higher than others (head), and the rest two are below the middle one and are roughly equal (shoulders). All three uphills are supported by the neck line.
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Features of the analysis of Japanese candlesticks
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Forex encyclopedia
Forex encyclopedia “Clever FX” is the unique service created by FreshForex to introduce world of Forex to traders. The main purpose is to share knowledge of experienced traders with novice traders in simple and convenient form. Every trader will be able to learn something new here. If you are a professional trader, we invite you to write an article for “Clever FX” and get reward. Let's write Forex history together!
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