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Random article: Signs of scams brokers
We can identify brokers as scam if they conduct following activities: A frequent cancellation of profit: beware of the brokers which regularly cancel earned profit. Problems with withdrawal: bad Forex brokers can often reject withdrawals requested of clients referring to various excuses. Unresponsive customer support: you can spend hours waiting for reply to a simple question, what will happen if you face the issue with money? Bad reviews about a broker in the web: search reviews about Forex brokers prior to opening an account with them and if you see many poor reviews about a broker then definitely avoid it.
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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