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Secrets of profitable forex trading 3
Hi I'm tgforex
Here is the 3rd part of our series.
Secret 6 - Use during trading at least two time frames of your currency pair!
Open order better when you get a signal or have found any factor, or (in your forex trading strategies) on at least two time frames!
For example: I like to use while trading in forex candlestick analysis.
Candlestick analysis is one of the main methods for determining the direction of prices, candlestick analysis helps to find the beginning of a new direction prices!
I look at time frame H1 and M5 or M15, if I see a signal on the M5 or M15, that the price trend has started to slow down or flat, and the H1, I saw a signal that the price trend has changed, only if I open an order (there are other factors when I open the warrant), you can use your factors and signals to determine the direction of prices, but the order should be opened only after you've seen at least two signals in two time frames!
I am sure that if you learn to candlestick analysis, you will be surprised how easily and accurately you can determine the direction of the price!
Secret 7 - Automate your forex trading strategy with a forex robot trading
Sooner or later, every successful trader knows that he must trade with automated forex trading strategy, since it is smaller than admit errors due to fatigue, inattention, impulsivity, fear, and so on!
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