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Want to profitable forex trading strategy and fx trading forex trader with best forex trading plus extraordinary trading results!
Recognizing the trend line and the opposing parallel channel line - channel return line - and understanding the human dynamics that account for its structure, increase the efficiency of profit making by initiating or adding to one's position at trend lines and profit taking at the channel return line.
Want to profitable forex trading strategy and fx trading forex trader with best forex trading plus extraordinary trading results!
Minor trends such as daily trend last a few days or so and are of little significance.
Paper trading is simply using imaginary money with imaginary trades.
The bid is the price other traders or institutions are prepared to buy a security at and the offer is the price other traders and institutions are prepared to sell a security at.
We will be going into this in more detail in future chapters when we cover learning to trade.