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Random article: Successful Forex Trading: Trading Discipline
Many Forex beginners don’t have any idea about what can help them to advance in trading. There are many secrets of successful Forex trading and the trading discipline is the most significant one. If you break the rules of your trading system all the the time, you can’t become a professional trader and achieve a success. Generally we define a discipline like a set of rules and methods of practice. Trading discipline is not an exception. Let's have a closer look at it. Many traders, especially newbies, believe that a commercial trading system is one of successful Forex trading methods, which can bring them a profit.
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Popular article: Fibonacci Forex Channel. Fibonacci in forex
Fibonacci Channel represents a sort of Fibonacci Retracement, but this time all trend lines are drawn diagonally and not horizontally. Drawn channels can serve as supportive or resistance lines. Fibonacci Channel is built with a common method: the line is put through trend's High and Low, this line composes entire width of channel and its value is taken as equal to one. Further, parallel lines are drawn through obtained channels through the levels 23,6%, 38,2%, 50%, 61,8%, 76,4%, 100%, 161,8%, 261,8%, 423,6%. It is assumed that resulting lines can serve as support or resistance lines as well as pivot or correction points of a trend.
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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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