False Breakout - How to Avoid and Even Trade It?
Have you ever seen a key resistance level breached and entered a long position right before the market turns the other way and dumps hard?
Have you ever seen a key resistance level breached and entered a long position right before the market turns the other way and dumps hard?
The beautiful thing about trading is that it accommodates different personality types, and as a result, different trading styles have been developed. And position trading is one of the common trading styles in Forex.
Pullbacks occur all the time in Forex. Ultimately, price could be ascending, descending, or moving sideways. But the pullback is always there.
There are many tools and information reports on the internet on which forex traders can make their trades. Some of those tools are useful enough to conveniently include in your trading strategy. One of such tools is the COT report.
The Forex market always moves in patterns. This makes sense when you consider how price has and will only move in one of two directions: up or down.
Forex traders are now asking whether carry trading in 2023 remains a viable trading strategy, or if we should consign it to history.
Are you trying to master the concept of trading supply and demand in Forex?
“What is the best timeframe to trade in Forex?” Isn’t that the question that many traders, especially the novices have asked themselves?
If you’re a Forex news trader, then with no doubt you’ll understand that finding the right NFP trading strategy could well be considered the holy grail.
The majority of Forex traders are you and I; retail traders. We make up over 90% of all traders. The remaining 10% (or less) are smart money traders, such as banks.