Still on forex tips

[amakaokafor]

Things I ask myself before a trade

What's the market structure,range or trend?

Where are the major support and resistance areas?

Can I lean my stops against support and resistance?

Where would opposing pressure come in?

How is price moving ,chop or clean?

Volatility expanding or decreasing?

 

[Kingstone]

These are great points you shared. I can't agree less with you. If you can understand the market structure and where the price is, there will be a little problem knowing when to enter and exit a trade. Support and resistance levels are so much important in trading. I seem not to understand the volatility scale you mentioned. Is that an indicator? Some indicators reveal the volatility of the market as candles or moving averages do not tell them except the market direction.

 

[Asahi]

Majority of traders think Forex is an easy way to get rich but the scenario is little different that you can understand once you appear on the market. Forex market is full of complexity and it’s really hard to understand. With Eurotrader broker, you can both trade for long-term and scalping without facing any difficulty.