This report was written to illuminate the top misunderstood Forex areas andhelp Forex traders succeed and stay profitable. The information is presented ina readable way for beginners as well as advanced traders that want to tune uptheir trading approach and increase their success rate.
You will learn by stressing the common mistakes and often revealing obvious but underestimated trading techniques.
You will learn by stressing the common mistakes and often revealing obvious but underestimated trading techniques.
Most traders start by asking the correct question: “What's the current markettrend?”, but then most of them fail to determine the trend correctly and almostall traders miss the next important question: “How reliable is the currenttrend?”
If you don't take the trend into account, you will often be tricked into placinglow winning-probability trades. Trend is your friend. By following the trend itcan only be better. But you have to distinguish between thereal trend and verytempting price action that wants to play with your emotions.
You will also understand the basic principles behind chart patterns, how to draw strong trend lines, how to recognize the patterns and how to trade them. Wealways keep trading simple and therefore we focus only on the most reliablechart patterns. With the following knowledge, you will be able to spot thepatterns leading to explosive price movements and then trade profitably with it.
Enjoy!
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