Forex trading can be an exciting and potentially lucrative activity, but it is also inherently risky. The foreign exchange market is one of the largest and most liquid financial markets in the world, and prices can fluctuate rapidly in response to news and events. To be
Horizontal Fibonacci retracement lines represent price support and resistance levels. Fibonacci works well in trending markets. When the market is heading up, go long (or purchase) on a Fibonacci retracement. When the market is going DOWN, short (or sell) at a Fibonacci resistance level. Fibonacci retracement
Thing #1: Don’t Daytrade all session long At the time, I thought more hours trading was a good idea. More hours, more opportunities, right? Not quite. It led to a loop of overtrading, exhaustion, and poor trade selection. Instead, I limit my daytrading to two to