Forex Blog

What features does the ECN account open?1) instantaneous implementation of orders;2) is advantageous in that there are no requotes;3) minimum spreads. When a trader prefers this type of account, then they do not have Limit and Stop levels, that is, there is no limit to the minimum distance between the current price value and pending orders.

The developer of the Range Bar corrected the system of creating candles. If in a classical, traditional model they are created in time (for example, for 5 minutes or the hour: after the price passes a fixed time interval, a new candle is formed), then in the updated solution, the candle is created through a spread of prices.

As for the basic tactics with the use of Renko schedules, in case you intend to use these graphics constantly, experts advise not to select any special schedules or advisers. Use familiar tactics or tools.

Very high utility and a fairly high level of need for trading work have one of the market determinants - the spread indicator. It is he who allows monitoring the important parameter - the value of the brokerage commission (if one considers a particular currency pair) in a stable and constant manner

If you look at and analyze any trading chart, then using the Renko charts you can once again (on the next or the hundredth) confirm that the Pareto rule really works.

Most of the players just do not understand how to use pyramiding better, so it's afraid of it. But we will reveal the secrets and share practical approaches.

The strategy of forecasting the currency market, which is based on price formation and has been successfully used by players for many decades. It has a high level of reliability, as it provides traders with the most accurate entry into the market, understandable levels of loss limitation and profit-fixing zones.

Andrews' pitchfork is used to build the main price channel on the trend market, and also to divide it into two parts. The lines that are created based on pitchforks demonstrate nothing less than support and resistance, showing the degree of probability that the price will depart from the line and go beyond the price corridor.

Do not be naive to believe that the huge amount of money you spend on super courses will turn you into a millionaire trader, a market genius and a professional. Success includes not only the knowledge gained but also their correct application. And this means you can not do without practice. Practical training is above all.

Trade within one day can bring about 10-20% monthly. This option is popular with both beginners and market professionals. This is a good stable profit, while the risks are not too high.