market and make informed trading decisions. 5. Technical Analysis: Technical analysis involves studying price charts and using mathematical indicators to predict future price movements. Key technical...
out and maintain a sustainable trading system in the long run. Keeping a trading journal is also an essential risk management strategy for forex traders. A trading journal allows traders to track the...
currencies to fall. 4. Central bank policies: Central banks play a crucial role in determining currency prices through their monetary policy decisions. For example, if a central bank raises interest ...
trading decisions. 4. Start with a demo account: Practice trading with a demo account to get a feel for how margin trading works without risking real money. This will help you gain experience and con...
and resistance levels based on the Fibonacci sequence. Traders use Fibonacci retracement to identify potential reversal points and determine entry and exit levels for trades. It’s important to note...
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