Exness Trader

How to Open an Exness Account 1. Visit the Exness homepage. 2. Under the New Account tab, select your current country of residence, enter your email address, and set a password...

All charts on trading platforms - desktop and mobile, show the bid prices by default. That being said, you can enable the Ask Line if you prefer to do so. Let us look at how this can be done in a few easy steps.

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The 50-day simple moving average (SMA) is commonly plotted on charts and utilized by traders and market analysts because historical analysis of price movements shows it to be an effective trend indicator. The 50-, 100- and 200-day moving averages are probably among the most commonly found lines drawn on any trader or analyst's charts. All three are considered major, or significant, moving averages and represent levels of support or resistance in a market. So you’re wondering: “Which is the best moving average?” Well, there’s no best moving average out there because it doesn’t exist (as it depends on your objective current market structure). But in a healthy trend, the 50 day moving average is king. And that’s what you’ll discover in today’s post, so read on…

Let me ask you: Do you get stopped out of your trades only to watch the markets reverse back in your direction? Or perhaps you try to ride a trend only to get stopped out on the retracement. And you’re feeling… “Argh, the market is rigged!” Well, that’s because you put your stop loss at the same level as everyone else — and it makes you an easy target for a stop hunt. But don’t worry, all this will change. Because in this post, you’ll learn you’ll learn how to set a proper stop loss so you can reduce risk, maximize profits, and avoid stop hunting.

Trend following trading strategies are often the most successful trading strategies to use. As a beginner, they are the best strategies to follow because they are often easy to implement. By using them you can also learn how the market works and make a profit as well. Many traders, beginners and professionals alike, rely on trends. Some even say that you can make a living off just one pattern, that is if you know how to use it. This doesn’t mean though that trend trading is always easy though. You may have heard the phrase ‘the trend is your friend’. However, there is another phrase which is also true; “The trend is your friend until the end when it bends.” Wise words from professional trader Ed Seykota.

Most traders will probably identify with swing traders or day traders and ideally before you start trading, you should know which of the two camps you belong to. First, we’ll look into the differences between the two and then discuss what factors you need to consider before deciding which one you should be.  

While many strategies are very different, there are some general rules all strategies should at least loosely follow. Before coming up with a trading strategy, you need to have a sense of what you are trying to achieve. If you are not entirely sure what you’re trying to achieve, you cannot appropriately set goals for your strategy. But that’s just the beginning. In reality, there is so much to consider and what actually makes a forex trading strategy profitable is quite debatable. Let’s look at the most important things you need to set up a profitable forex trading strategy.  

Let’s start by making one thing clear: there’s no single trader who has never made a loss throughout their career. Whether it was because of lack of education, technology meltdown, lack of discipline or emotional intelligence, wrong series of decisions or simply bad luck, every trader will eventually experience a loss or even several. It’s undoubtedly an unpleasant experience that will leave any trader shocked and very disappointed, especially if they performed well with a demo account. Many traders even quit the forex market because they lost money. That’s why it’s very important to know how to deal with losing money and bounce back after a big loss. It’s important to talk about this issue because experiencing a big loss can make you question yourself. Questioning yourself, career choices and level of understanding can lead to quitting, skipping trades because of fear of losing or getting into more trades than you should to try and get your money back. Bouncing back after a big loss is not that difficult. There are several steps you can take to make things better for you. Of course, those steps can’t turn back time and give you your money back. However, they can help with repairing the mental damage done, especially to your confidence. Let’s get started on our tips for overcoming the shock after losing money

In forex trading, it is always possible to make mistakes, but some are stupider than others. Of course, plenty of mistakes are unavoidable and even the most experienced traders can make them by accident. By minimising our chances of making mistakes, we can hopefully improve our chances of trading success. In this article, we’ll look at the top five stupid mistakes forex traders make and how you can avoid them.

The 1% risk rule is very easy to follow. For example, if you had only £100 (100%) in your trading account, only ever risk £1 (1%) per trade. It can be used by any forex trader, whatever their experience and trading account size, obviously though 1% is a lot more for some forex traders than others. In this article, we will explain why you should be following the 1% risk rule and explain how some forex traders follow it.

Forex brokers have offered something called a micro account for years. The advantage for the beginning trader is that you can open an account and begin trading with $100 or less. Some brokers even decided that micro wasn’t small enough, so they began offering “nano” accounts. To those with limited funds, the flexible position sizes and small minimum deposits may seem like the ideal solution.