Wednesday, July 17
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Tag: Forex trading

How to Trade a Contracting Triangle

How to Trade a Contracting Triangle

Finance
Contracting triangles are a popular pattern among forex traders in the UK. They offer traders an opportunity to make educated guesses about the direction of a trend in the market and to enter or exit positions accordingly. It is crucial for any trader that wishes to use contracting triangles as part of their trading strategy to understand how they can be used effectively. This article will provide an overview of how to trade with contracting triangle patterns in forex trading in the UK. Identify Triangle Patterns The first step in developing a successful trading strategy with contracting triangles is to recognise the patterns when they appear. Contracting triangle patterns consist of three points, or highs and lows. The pattern is formed when two trendlines converge, forming a t...
How To Pick A Forex Trading Platform In 7 Easy Steps

How To Pick A Forex Trading Platform In 7 Easy Steps

Finance
The foreign exchange market is on the rise as many people are interested in the concept of trading currencies and other financial instruments. Some engage in forex to get extra cash to boost their financial capacity, while others are their main source of income.  Whatever reasons you choose to trade the currency market, you should know it's highly competitive and exposes you to risks.  Consequently, you must be equipped with the necessary information before earning. For example, the trading platform you trade with may play a crucial role in your success. Hence, you should pick the best online trading platform available to you.  This article provides easy tips for selecting the best forex trading platform.  7 Easy Steps to Choose the Best Trading Platform ...