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Random article: Greed and how to cope with it
Setting to Forex trading, people face many hindrances preventing them from earning. One of the main hindrances in trading is greed of trader. Even if traders elaborated their own view on market and gained a rather good experience of observation of trading situations, they often do not manage to overcome greed and under such conditions accomplishing stable profitable results is a rather hard goal. Let's consider the situation, when this impediment starts blocking: The most frequent moment is when upon opening position and setting Take Profit, trader sees that price moves well towards it and starts shifting this Take Profit hoping to take more than planned; each moment trader's appetite goes up. In the result, upon reversal of price, he cannot close it cause remembers that a while ago profit was higher and greed starts defeating trader. More often, this trader can close earlier profitable trade by Stop Loss because of hope that price will get back to previous profit point.
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Popular article: Japanese Candlesticks
Trading with financial instruments on the Forex, a trader will always use price charts to analyze and predict movement of prices in the market. The simplest price chart is a line graph. It shows rates by one line. But there are other kinds of graphs that are more informative, for example, a Japanese candlesticks chart. It is not difficult to guess that historically Japanese candlesticks chart appeared in Japan in the XIII century. Candlesticks are used to display price quotations rates, commodity prices, stocks and others. "Japanese candlesticks" type of chart is often called configuration of interval and line graphics, because each element displays a range of changes in price for a certain period of time, for example, minutes, hours, days, weeks. Nowadays, they are one of the most popular methods for representing price movement.
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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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