most of the people, trading is very subjective. If you search for a quick and easy way to make money consistently in Forex, I will be the first to tell you that you wont find IT! Breakouts When a breakout occurs and it is confirmed by a candle closing reasonably beyond a level this serves as a signal that the market has the momentum to move further in the direction of a breakout.
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As a side note, whether you want freedom in interpretation of charts, or you prefer algorithmic type trading that leaves no room for self debate, this is something you will have to find out for yourself as a trader. Supply avis forex millionaire and Demand Trading is the most Profitable Forex Strategy as long as you are able to understand Price Action. They will then continuously mould the strategy as they progress, perhaps adding new tricks or getting rid of what is considered to be obsolete. But this is nothing, indeed there is much more. In order to be successful, every trader must take the time to try out different trading strategies and trading systems to see which one works for them. But he must understand that it requires dedication and hard work. Unfortunately, most forex traders dont draw them correctly or try to make the line fit the market instead of the other way around. Retracement traders use Elliott wave theory as a basis that suggests the market moves in waves. For example, both recognise the concept of the trend, and the importance of the key levels, albeit for different reasons.