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In the Forex trading chart is the core part as most technical analyses follow the chart only so for me I mostly use a day candle at FreshForex broker where I can edit the chart easily and cam also add multiple colors.
As you are a newbie here which is why I'll first recommend you to use a reliable broker and in that case, FreshForex will be s great choice as they are serving for more than 15 years and for now there is no need to use any strategy just try to trade from your own knowledge.
Okay. I'll take a look at the pdf file at night and if looks good then will definitely use on FreshForex broker where previously I have set up many indicators and robots so hope your one will work smoothly.
USD/CAD: On the H4 chart these pairs are going for uptrend only and might go gain more pairs within the next few hours since Euro is dropping continuously so if the trend goes positively then the next resistance will be 1.3060 or 1.3085 level.
USD/JPY: In an hourly chart these pairs gain a few good prices and if we do a concrete search on Fundamental analysis then we will see sharp buy pressure so which is why this pair can touch 106.30 at the end of the day so let's see how the things go.
GBP/USD: Due to excessive dollar negative news GBP gained too much from the last couple of month and now if we take a look at last hour chart then we will see shart downtrend where the price moving at around 1.3440 range where still there is too much buy pressure for this pair.
Eur/Usd: In an hourly chart Euro loses its price where the price moves at around 1950 but if we do a bit of technical analysis then still we will send a strong buy for this pair where the next resistance is 1.2010/10.2025 level.
Yes, I do agree with you that greed and emotion is the more crucial thing for the loss even one more thing is that panic like when the price goes a bit negative trend we feel serious panic. Any way to get rid of this we should use a trustworthy broker as a broker's personal manager can help you...
I mostly use price action analysis on FreshForex broker since previously I used news trading but sometimes it did not work properly so which is why I changed my mind and when I started to use the above strategy then I got really huge profit so till now I'm on this way only.
For earning bitcoin I think trading on any Forex type broker is a very important to place as there we can earn regular basis and if we use a small lot then there is no way to loss of investment money so if you guys want to earn then can check the FreshForex broker as they are serving for more...
When I decide to trade gold on FreshForex broker then I really want to do it manually as gold always moves with only major news so I'm not sure that I'll use your signal or not but yes I'll look into it within a very short time so hopes it will work for me.
Recovering is not so easy here since every time you will be in a loss so how will you recover. I have been trading forex for a couple of months and when I place any position then I see it goes to my against and a few moments later it goes more so at the end of the time I lost all.
I don't think Forex is reliable cause due to high volatile it's very tough to make money and another part is a broker where most of the broker wants to scam from their investors so which is why I cant say Forex is a good place for any beginners and small capital type guys.
Yes. It's right even new traders always open new trade and then close suddenly due to fear even I did this same when I started forex trading but once I call to my FreshForex broker account manager then he suggests me to relax and trade slowly so once I started to follow him then I started to...
I want to add a bit with you that a good broker is also a very important thing to be a successful trader even a broker can reduce losses in a hard stage so traders he who want to start trading then he can use FreshForex broker for a long run as they have 101% usable deposited bonuses and spreads...
From my point of view, we should not trade on this pair as this is the highest volatile pair in Forex market so better is Eur/Chf and Aud/Nzd even don't use Gbp/Jpy as its also crazy pair so in short double check your pair before entering any trade.
In forex trading, there is no miracle strategy to make money as only manual trading that involves fundamental analysis and technical analysis can make you a millionaire but if you follow any software type strategy then definitely it won't work and you will lose all of your deposited money at a time.
Aud/Usd: Due to very fewer corona cases AUD is gained massive price movement from the last couple of month and still it's trying to go more uptrend where just last week it dropped a bit and moving at 0.7158 range so if the price goes downtrend then next support will be 0.7130 level.
GBP/JPY: For the upcoming week GBP might go uptrend mode as the dollar has still in pressure due to coronavirus so if the price continuous then next resistance will be 1.3200 level and if that price touch then 1.3290 will be for sure.
GBP/USD: If we take a look at last week chart then we will see some price correction in last day where it dropped around 150 pips but at the last hour it gained some price where moved to 1.3055 level so for next week it might go 1.3000 level and if that touch then 1.2970 will be next support.