Crypto Bank FALLING APART! (Bitcoin Fails To Break Resistance)

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To ensure steady profits at Forex a trader is supposed to pinpoint faultless entries and exits. It’s common knowledge, that a trend is the principal and the most compromising relevant area. Hence, trend detection is the trader’s PRIMARY target. If “The Trend Is Your Friend,” entries should be executed trendwise and the profit should be allowed to flow, etc., there emerge questions to touch every live Forex trader: – what are the trend’s criteria (bullish or bearish) – once known, it is a trader’s conventional job to enter trendwise and let the profit flow?

Forex has much in common with “Fuzzy logic” by Lotfi Zadeh and “Fuzzy Thinking” by Bart Kosko. In fact, the new branch of the science of Forex is named “Fuzzy logic”. The latter issues from the titles of the editions mentioned.

Yesterday we looked at 3 trading opportunities. Today, we are going to look at one shaping up in the euro currency, a possible profit opportunity and update the others. Let’s take a look first at the euro.

The given chapter is dedicated to the problem of Moving Averages (MA). It is one of the principal indices at Forex. In their book “Computer analysis of future markets”, Ch. Lebo and D. Douglas state that the greatest sums of real money are earned by making use exactly of the MA index. Even taken together, all other technical indices are less helpful. This is true. However, Ch. Lebo and D. Douglas have not mentioned that 19 of 20 traders do lose their game when they mainly use this index (MA).

Support and Resistance Levels in Forex Market

As far as I’m concerned as a trader at Forex , the problem of finding a proper trend is one of the keystones in understanding of the market. On the surface of it, it is quite simple. One has just to make use of the trend definition as the currency stably-forward movement, then to open a deal concerning the trend and to gain profit. In the trend absence (a flat, lateral movement), one must not take risks and stay outside the market. Otherwise, as it is written in all the manuals of Forex , one should open deals on “sell” at maximums of uptrend and on “buy” at minimums of downtrends. It is so logical and simple, isn’t it?

An individual is interested in knowing the correlation at least between the first (and shortest) trends at the beginning of the trade but not at the end of it. That is, one wants to learn the clear and simple rules, according which it would be possible to regularly open deals quietly and work within the intra-session trend with confidence. In addition, one is interested in understanding of the correlation at least between the intra-session and weekly trends.

Any trader must develop a trading system of his own. I is the principal condition for the regular and stably-profitable work at Forex. Every successful trader whom I know does hold this opinion. That is, such system must clearly and impartially indicate points of the entrance into the market and the exit from it. The lack of a systematic method results in the loss of the trader’s deposit. The work according either to an imperfect trading system or to the traditional one does not save the situation. It can just prolong the distance from opening of the trading account to the inevitable loss and nullifying of this account.

Trading chaos: B. Williams’s contribution and the reasons why millions of traders all over the world lose their deposits when they work according to the techniques of this author.

The book “Trading Chaos” by B. Williams is the classical edition that deals with giving the technical analysis to Forex. It is of a great interest not only to me but also to millions of B. Williams’s admirers all over the world.

Why is trading psychology so important? Trading psychology is so important because day trading can be a very emotional business. The wrong emotional state can make it difficult if not impossible to trade effectively.