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  1. #1
    shanewrights is offline Banned
    Join Date
    Jul 2016
    Location
    Florida
    Posts
    9

    Default How to trade the tops and bottoms of the financial instrument

    The forex market is always trending and giving golden opportunities to the traders. Those who really know how to trade the market are making money and the novice traders are losing. Most of the professional traders in the financial industry are making money since they know the prcised method to trade the live assets in the market. If you are relatively new in forex trading then you should not trade the live assets with your real money rather you should go for the demo trading account. There is a strong tendency among the novice traders in the financial market that they often tend to trade the tops and bottoms of the currency pairs. But as a trader, you should know that trading the tops and bottoms of the currency pair is one of the hardest things in the forex market. However, in this article, we will give you clear insight for trading the tops and bottoms of the market.

    Do the fundamental analysis: Trading the tops and bottoms of the currency pair or financial asset means that you are trading against the long-term prevailing trend in the market. If you are relatively new in forex trading then you should not be trading the tops and bottoms of the currency pairs since many novice traders have wiped their entries commodities trading account by trading the tops and bottoms. The first thing that you should that you should is the fundamental analysis in order to trade the tops and bottoms of the financial instrument. In the eyes of trained professional fundamental analysis is often considered to be the most powerful price driving catalyst in the forex market. So if you know how to interpret the major news release in the market then it will be easy for you to identify the trend reversal in the market.

    Learn the price action trading strategy: The best way to trade the tops and bottoms of the currency pair is by using the price action confirmation signals in the market. When you log into your commodities trading account then search for potential trend reversal signal in your trading chart. Most of the novice traders look at the smaller time frame and thus execute poor trades in the market. But always remember that when you try to trade the reversal in the market you should focus on the higher time frame only. And price action confirmation signal is not enough to trade the tops and bottoms of the currency pair since it also requires the fundamental analysis result. So make sure to combine these both in order to trade the reversal in the market.

    Use chart pattern: Those who are trading the financial instrument for a long period of time knows very precisely that chart pattern trading is one of the best methods to identify the reversal in the market. As a full-time trader, you should learn the basic chart pattern in the market. It’s true that it will be a little bit difficult for you learn the chart pattern but if you strong patience and devotion then within a few months you will master the art of chart pattern in the market. But don’t trade the chart pattern in the market unless the breakout occurs. There are many traders in the forex market who lost huge amount of money since they execute a premature trade in the market. And always make sure to look for the chart pattern in the higher time frame since it will greatly improve your trading performance in the market. If you want to see a decent growth in your commodities trading account then be sure to use this method if you truly want to trade the reversal in the market.

  2. #2
    sophi is offline Junior Member
    Join Date
    Jul 2017
    Location
    New york, USA
    Posts
    10

    Default

    Well described, but all the technical things you shared is very professional, It will take one year to completely understand the happenings in forex industry. That’s why I preferred forex signal service so I can trade in meantime while I am learning. Just wait for the entry point given by the signal provider and go for it then wait for the exit point and you are done with a nominal profit, but i think its good slow and steady wins the race. Forex trading is all about control and patience my uncle advised me when I was entering in the market and I have also observed it while trading.

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