What Is A Pip
You may not be involved in Forex trading directly, but the fact remains that you are affected by what occurs in foreign exchange trading every day. A lot of great analysts there can help you in both trading approaches (fundamental and technical)… This is maybe not the website I check every day, but probably we can say I visit this once per week, so go and check it, maybe you’ll find it more helpful.
In the past, only large international financial institutions were allowed to trade currencies, but with the introduction of online forex brokers, i.e. forex trading platforms, individuals are also given an opportunity to invest and increase their capital by trading currencies.
Swing trading is a bit like watching waves on a beach when the tide comes in; You know the tide is going to come in its inevitable but as the waves hit the beach and go backwards and forwards, as the tide comes into the shore, each wave is different in terms of how far it comes in and how far it pulls back.
I earn online, invest with an online forex broker and so does it go on. I have lost a lot this way, coz it`s very addictive… But, i don` t think it`s illegal to invest your online money in trading, coz you are not touching the indian economy by any means.
One option is to run the position until the EMAs cross back in the other direction, ie when the trend runs to its conclusion, which can sometimes yield huge returns, but another option is to look to make a certain number of pips per trade, and move your stop loss to break-even as soon as it is in profit, which is another good strategy.
The system was created from a need not only to trade profitably but also to give the traders a more clear picture of what they are doing and why they are doing it. Many commercial or public system just consist out of indicators without giving a clear understanding of price movement and inform the trader with signals without him knowing why he got the signal and why he should enter the trade.
If I trade on a 15-minute chart I may only get a couple trades in each day, and I need to spend most of my day watching to make 4% maximum (if I win two trades with a 2:1 reward:risk ratio ). Now 4% is a great daily return, but that is the best case scenario (because you are risking 1% of your account per trade, if you make 2:1 on those trades, you are up 2% on each x 2 trades).
It’s really very similar in trading; the more you study higher time frame charts like the 4 hour and daily, the better ‘feel’ you develop for the market because you are getting to know more about it and you can see the bigger picture” a lot easier than you can on smaller time frames.