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Random article: Recommendations for a beginning trader
One of the main qualities for a Forex trader is Patience. We should stick to a trading plan and control our emotions every day. We should not plan to take all from the market, we are here for a small piece from the price fluctuation. It is very difficult to stick to this attitude, but practice makes perfect. Once we keep on doing the same, our subconscious mind would automatically place the right order. Do not pressurize yourself or fix any targets in trading. Just trade and stick to your plan. Your mind should be fixed and never panic thinking about something. Making a consistent profit in first few weeks and losing everything at end of the month makes no sense.
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Popular article: Fibonacci Retracement in Forex
Technical levels are one of the crucial elements of technical analysis on the Forex market. Technical levels represent a certain value approaching which the price faces resistance in further movement. On the chart it is pictured as zone (level), where price went and bounced off later, repeated its movement to the level again and without being able to pass it bounced off. Such approaching and returns can take place on a repeated basis and the more efforts are made, the stronger price level we have.
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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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