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Random article: Fear of Forex loss
Every trader faces problem to lose their own funds more than once. The fear to suffer losses during trading is a psychological component, which often is malicious towards trader and subjects them to more worries. This exact problem pushes trader to big losses. To avoid such disappointment and attain success on the currency market, first of all you need to learn to treat the situation as it is. Getting rid of the fear, trader gets additional tranquility and in the result a more successful and profitable trading. How to get rid of the fear to lose your capital? The answer to the question is simple. First of all, you need to cut your fear to the minimum. What do you need for that?
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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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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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