Dangerous mistakes when placing stop losses
Tips For Traders

Dangerous mistakes when placing stop losses

It is not a secret that it is necessary to place stop losses when you trade. Its worth mentioning that it is one of the main tools of risk management. However, it is also important to understand how to place stop orders correctly. If you dont follow the simple rules of risk management, you will lose money very fast. Lets find out the biggest mistakes you can make while placing stop losses and learn how to avoid them. What? Dont you know about stop loss, this precious guardian angel of every trader? Then you should definitely read our Forex guidebook!
Three ducks trading strategy
Tips For Traders

Three ducks trading strategy

Today we are going to explain a system which requires the usage of a moving average. It is a strategy developed by professional traders. It is called Three ducks. The name may seem strange, but it comes from a quite common phrase get your ducks in a row, which means to be well-prepared for a certain task or to become more efficient. Have you ever seen the family of ducks swimming in the lake? Usually, they tend to swim in a row. This is how this system works. It helps a trader to make a "row" of actions to achieve a better result. As with most of the setups, it is implemented during a trend.
All you should know about retracement
Tips For Traders

All you should know about retracement

This article will introduce one of the most powerful market concepts retracement and show how to operate it at full potential. Retracement is a temporary price movement against the established trend. Why is it so important for a trader? Retracement levels are ideal for defining where to enter the market safely and place a Stop Loss order to minimize possible risks. Seems to be really useful, right? Lets find out together!
What is the Elliott Wave Oscillator? Top Tips for Forecasting with Elliott Waves in Exness
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What is the Elliott Wave Oscillator? Top Tips for Forecasting with Elliott Waves in Exness

Some traders have a much higher success rate than others. The difference is usually down to the amount of research spent following the economic calendar, but another massive factor is the type of analytic tools being used. One golden tool every professional trader swears by is the Elliott wave oscillator. This is perhaps one of the more complicated tools and it is highly recommended that you take a practical approach using your MT4 or MT5 terminal when learning to use it.
Trading strategy ‘HHLL’: just follow price action
Tips For Traders

Trading strategy ‘HHLL’: just follow price action

This article will describe a strategy called HHLL. You might have seen similar strategies with other names as this one is based on classic forex principles. The great part of it is that you dont need to use any indicators. The main point is to follow the price action. However, some indicators still can be helpful for better visualization. Besides, feel free to add anything you want to this strategy, personalize it to your liking! By the end, you can even come up with a new, your own strategy, which suits your trading approach and vision.
How to become a trader?
Tips For Traders

How to become a trader?

Motivation For sure, you have seen movies like Margin Call, The Wolf of Wall Street and many more where market pros go through personal dramas while making millions just by look...

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