About this guide If this is your first time coming across the online Forex market, then you’ve come to. trading. This E-book also offers comprehensive forex trading calculation together with explanations and examples to help begginer traders understand foreign exchange world. By reading and understanding this E-Book, hopefully begginer traders will aware of forex trading risk, and able to avoid potential losses caused by lack of knowlegde.
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I say formations as calling these patterns is a very dangerous way to look at it. So now we know why we set stop losses to ensure we exit a market at the correct point , but what happens when the price goes the way we want it to go?
This might not make sense just yet, do not worry it is only used as an example once you understand the entire course and process, which can be found here for anyone interested. This is when you look for pieces of news that will affect the currency prices.