But it is important to note that there isn't 50/50 lose or gain in this simple market option. Medium term traders focus on reliable but infrequent trades to create a profit.
In brief, the only stop loss and take profit levels that the broker will ever see are completely false and way beyond specific ones, which will always be invisible into the broker. Given that they reason to declare stop-loss and take profit levels to the server that is in case of disconnection of the client terminal from internet or the strength supply there will be at least some levels marked using broker to get rid of the return. These are not that far from your current price of course to make sure they may possibly cause a margin call us at.
In part 2 for this article, we'll investigate the logic of Dow Theory and also the three phases of trends in more detail - and realize why it works and why it can also add a new profitable dimension to your currency trading plan.
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Separately from fundamental analysis economic calendar can also be used for predicting the tips of quick price movements. Before making decision whether to open a position or just not a trader may look through Forex economic calendar. It'll help him to find out if some important macroeconomic data is published your past nearest future. If the trader thinks that big celebration may influence the associated with the trading instrument the real key may help the accuracy of his prediction and change his mind about the direction of new position.
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