In earlier decades oil exploration companies used to generate a lot of revenue from discovering oil reserves and operating marketing at breakeven.
From the point of view of experts, the two-day moving average is more accurate, but trading on it is associated with several nuances.
The strategy with a rather humorous name "Elephant and Pug" is aimed at those who do not have enough time and opportunity to sit at the computer screen every second and monitor market charts, analyzing them in detail.
To correctly determine the correction in the forex market, you need to know the reasons for its occurrence.
This tactic is based on the psychology of the market - crowd behavior: so if a large exchange giant or crowd pushes the price to a specific level, then many players are connected to such a process, and thus this method does not lose relevance.
Fans of such analysis should pay special attention to the trading tactics called «Traffic Light», which is designed to implement such principles.
Well, traders are divided into two, namely retail traders and institutional traders. The question is what is meant by retail traders and institutional traders and whether the two have significant differences.
Each dealer should know that the genuine pattern may contrast with what he anticipated.
If you are new to trading, make peace with the fact that Forex markets are full of pitfalls
The most effective and acceptable result for the trader is the system provides on the trend currency pairs - AUD / USD, EUR / USD.