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Five Beginners Lessons in Forex Trading
I’m a day trader. Or rather I aspire to be a day trader. Every day I trade the foreign exchange (forex) market, but, until recently, I haven’t had much success. Then I met some folks on Twitter who made all the difference for me. Support and resistance on a trading chart are not precise numbers, but rather areas. Part of my profitability problem in trading was that I was taking trades based on a bounce from a precise number and placing my stop loss just past this precise number on the chart. Invariably, the market moved just past the precise number, precisely taking out my stop loss and then proceeding to move in ... (full story)