As soon as you understand what your goals for the forex market are, it is then time to make strategies to act on these goals. You ought to develop a timespan of when you plan to achieve parts of your goals. You ought to likewise plan for any possible failures that may take place when engaging in the marketplace. It never hurts to have a backup plan.
DailyFXEUR/USD Technical Analysis: Aiming Above 1.12 FigureDailyFXThe Euro rose as expected against US Dollar, with prices now poised to make a move above the 1.12 figure. Near-term resistance is at 1.1263, the 38.2% Fibonacci retracement, with a break above that on a daily closing basis exposing the 50% level at ...and more »...EUR/USD Technical Analysis: Aiming Above 1.12 Figure - DailyFX
A good Forex trading tip is to stick to your strategy once you have a plan in place. It's not uncommon to be lured by new and incredible trading techniques. If you were to ignore your strategy and chase after every new approach under the sun, you'll wind up making poor choices.
More to learn on Fibonacci Retracement
No comments:
Post a Comment