Basic Strategies for Forex

It is recommended for all novice trader in this market begin to learn and understand some basic strategies for Forex.

These basic strategies used pattern recognition especially in graphics and one or two indicators.

Learning to recognize and operate with these strategies will greatly facilitate later transition to more advanced strategies.

We start with the simplest strategies for the novice trader learn to identify input and output signals and recognize where the market may change its trend.

With respect to the stop loss, it is important to place a predetermined amount of pips (either 20/30) or placed slightly above or below the last peak in the price.


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