1. Trend trading This involves looking for a new high or low that breaks from an old resistance by at least three pips and then opening a trade from there. Trading on trends requires you to learn how to spot (not predict) trends to profit from Forex. 2. Swing trading
1. Support and Resistance This is where you trade based on a breakout from important levels on the chart. You must first determine the support and resistance levels on a higher time frame and then switch to lower time frames. Go short if the price action breaks a support level
1. Exchange v/s OTC The stock markets are traded at a stock exchange. One of the most well known examples can be trading stocks at an exchange such as the New York Stock Exchange (NYSE). Trading at an exchange come with certain benefits. For one, traders and investors get access
The contract for differences (CFD) offers European traders and investors an opportunity to profit from price movement without owning the underlying asset. It’s a relatively simple security calculated by the asset’s movement between trade entry and exit, computing only the price change without consideration of the asset’s underlying value. This is accomplished through a contract between client and
Here is the top 5 Forex company in Malaysia: XM XM Group (XM) is a dealing desk broker which offers floating spreads, three different account types and support for the MT4 and MT5 platforms. XM also offers swap-free Islamic accounts and an unlimited demo account. With tight spreads, fast execution
The market for foreign exchange (Forex) is an active one where many currency pairs are exchanged every day. Notably, EUR/GBP is one of the most common currency pairs.
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