There are 3 foundational elements to successful forex trading: mentality, knowledge, and experience.
Technical Knowledge – The first to the puzzle is developing a solid understanding of how the forex market operates. Really take the time to study the different currencies, how they trade, and what consistent themes create market volatility. The foundation of your trading strategy will be rooted in support and resistance levels. This much boils down to understanding when to enter the market (low prices, with high intrinsic value) and when to exit the market (high prices, no more upside potential).
External Resources:
Forex Trading Elements
Forex Trading Education
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The foundation of your trading strategy will be rooted in support and resistance levels. forex affiliate
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