Understand|Comprehend} the various types of markets in Forex before you begin trading. Acknowledge how these markets act with specific currency pairs. If you are not able to identify trends and growths and other information, you will absolutely put your cash on losing trades. Appropriate market research is a need to in this trading platform.
The US Dollar continues to tread water above familiar support near the 0.89 figure against Swiss Franc . A daily close below 0.8908, the 38.2% Fibonacci retracement, initially opens the door for a descent to the 0.8869-78 area marked by a falling trend line set from November 2013 and the 50% level....USD/CHF Technical Analysis – Looking for Cues Above 0.89
You can constantly attract attention of a trade, you have that individual right. If you are uncertain about your position of a trade, it is most effectively to stay out of it. If you do not have enough information to make an informed decision, it's much better to sit out of the trade than to make risky uninformed decisions.
Check more on Fibonacci Retracement
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