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Random article: Fibonacci fan
This instrument is so astonishing that it can be called a road map of price. As the most part of indicators, Fibonacci fan shows key levels, which can perform as support or resistance levels on the basis of Fibonacci prices, in other words, the very point, where price can stop and get possible correction. Like Fibonacci levels, Fibonacci fan allows to define support and resistance levels. More often significant fall-down or growth make the price return to the previous levels. Over the correction, the price meets resistance and support on the levels where Fi fan is located or nearby. In case the price breaks through support level, it moves to the level of resistance.
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Popular 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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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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