If you get in the Forex Market afraid to invest and trade your cash, you are going to lose your cash. A Wall Street mogul will tell you point blank that scared cash never makes money, and that’s the outright truth. If you are frightened to take the threat when opportunity presents itself, you’re never going to earn an incentive.
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Do what you can to automate your trades. Foreign exchange trading can become really addicting and dangerous if you are trading with feelings. Setting up automated systems for trades can take the danger of a psychological trade away. If your trading system tells you to take the money and run, then doing this. Follow your systems not your feelings.
Additional resource on support and resistant
- LSS Invest: SDRL – Pivots (support and resistance)
- Trading support and resistance levels with price action – YouTube
- Forex Market Hours and Best Time To Trade
- Barclays and Lloyds Banking Shares: Key Support and Resistance for LLOY + … – The C Suite
- The Traps of Support and Resistance – Global Economic Intersection