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Trend lines are straight lines drawn through key lows (in an uptrend) or highs (in a downtrend) on the chart. Trend lines can also serve as support levels in an uptrend and resistance levels in a downtrend. The price can bounce off these lines, creating opportunities to enter a trade on a...

Yes, it is better to learn market analysis yourself and not depend on someone for your earnings, especially when there are many pseudo-gurus on the market who will take money from you, but will not provide you with profit.

First of all, common mistakes are aggressive trading without risk control and a losing trading strategy. It is also important to choose a reliable regulated broker that would provide the best trading conditions, minimal spreads and instant execution so that you do not worry about your...

Startups often face uncertainty and risk of failure, especially in the early stages. Therefore, it is important to diversify your portfolio by investing in several projects, which helps reduce the risks in case of failure of other assets.

Automation allows you to remove the human factor from trading and emotional and unconfirmed decisions. But it is very difficult to create an algorithm that would successfully work in the market in the long term.

There are a lot of free resources for learning trading on the Internet. I started with self-study and communicating with more experienced traders on different forums. My broker's blog also helped me, where there is high-quality information about trading, its methods and approaches, and also a...

Very often, such news creates increased volatility and uncontrolled price movement, where you can both earn and suffer significant losses. Therefore, I prefer to wait until the market calms down and look for entries in a calmer and more understandable market state for me, where stop losses will...

If I had to choose between these two strategies, I prefer using Price Action. It allows me to find fairly accurate entries, unlike indicators, which often lag and repaint.

The growth of the EUR/USD currency pair means that the euro is strengthening against the US dollar. At the same time, this pair is the most common for trading, is the most liquid; with minimal spreads, which minimizes your costs when trading (for example, my broker has a spread of only 0.1-0.2...

I think the main mistake this person made was trading with his last money. This should never be done, forex is a high-risk market and you should only trade with money that you don't mind losing or that won't cause much harm to your budget.

First of all, you need to create your trading plan with clear conditions for trades. Then your actions will be subject to certain rules, will be reasonable and systematic and will exclude impulsive and spontaneous decisions.

Has anyone analyzed the statistics of such an indicator for at least six months? What trading results did you have?

Yes, for a more complete understanding of the market, in addition to technical analysis, you also need to study fundamental analysis, which forms global trends and makes the price move faster at a certain time. Therefore, I always monitor the release of important fundamental news and know when...

I think that first you need to learn how to earn a more conservative percentage of profit on Forex, but more stable, than immediately chasing a large income. After all, it is dreams of big money on Forex that make many beginners take unnecessary risks with insufficient knowledge and lack of...

To overcome emotional trading and improve their effectiveness in the market, traders first need to develop psychological discipline and adhere to a clear trading strategy. It is also important to take regular breaks from trading, as overtrading can lead to emotional overload and frequent...

Also, geopolitical instability, such as military conflicts, crises or mass protests, can greatly affect exchange rates. In such situations, investors often seek safe assets such as gold or the US dollar, which can cause weakening of the currencies of countries in the risk zone.

I developed my strategy on MT4, so I continue to trade on it, its functionality is quite enough for me. But when trading on any trading platform, the quality of execution and the size of spreads depend primarily on the broker. Therefore, I chose a broker with minimal spreads and instant...

I always set stop losses in my trades. Therefore, I always know how much money I can and am ready to lose in each transaction. I also calculate the lot size according to the deposit size and according to the rules of money management, so that possible losses when activating stop losses are small.

Have you enabled the "Allow Autotrading" option in the advisor settings?

When learning technical analysis, I initially found forums helpful, where I could discuss, optimize, and improve different trading strategies and approaches to market analysis with more experienced traders. I also found my current broker's blog very helpful, where he collected materials on...