70 Trades India opinions with FOREX trading tips: Beginner traders or those who are still wondering whether they should go on that path often ask themselves if Forex trading is easy or difficult to learn. We will try to answer that question by further explaining several aspects you need to keep in mind before embarking on that financial journey. Keep in mind, though, that Forex is not necessarily a place for everyone. There are several big concepts you need to check out before making the decision whether Forex trading is difficult or easy for you.
Trading practice shows that in any market and assets (currency pairs, stocks, futures) up to 80% of transactions open on the trend end in profit. And for binary options signals with a predetermined expiration time, the presence of an explicit price direction is mandatory. Let’s start by defining what a trend is: Uptrend or «bullish». Each next price maximum (top) and minimum (trough) is higher than the previous one. Downtrend or «bearish». Each next max/min is lower than the previous one. To simplify the analysis, trend lines are plotted on the chart after at least three max/min. Training courses binary options for newbies recommend opening trades only in the direction of the main trend.
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70 Trade is a good company, yes, I had as well as ups and downs in trading, but I would not like to blame anyone for my failures! At least, if to ananyze globally, then the fault of my own is much more than the fault of the broker. Because the whole information I received from the broker as well as analytics was treated by me with great skepticism. But then I changed my attitude in order to earn more and learn more. And you know, I can tell you that my transactions were almost always closed with a plus, and the deposit began to grow steadily upwards. This happens during the last 1.5 – 2 months. Discover a few more details on 70 Trades India review.
There is a lot of information, and professional traders will find it useful to use Heatmap to assess the market situation comprehensively and quickly. Newbies should always remember one of the basic principles of the Dow Theory “history repeats” and first look at the strength of the signal. The stronger the signal the more often it was in top binary options signals and ended in profit. A “weak” signal indicates uncertainty and it is better to skip it or watch additional confirmations from technical indicators.
FOREX is a risky business and you should get informed yourself before starting. Forex trading is a craft and as such it requires mastering. Just like a fisherman can find their way in the sea by reading the stars, you want to learn how to read and understand the market’s mechanisms, the reasons for its transformation, be able to read the signals between the lines and make predictions. Ultimately, your goal as a successful part-time Forex trader is not becoming a millionaire or not missing a single opportunity.