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    Thread: Definition of Forex common terms

    1. #11
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      additionally to identified the first high or the first low its depend on our own preference and time frame. but if you intraday trader you can use hourly chart. and start to looking for the current lowest or highest point, Its really help to barrier the analysis in searching the most lowest and highest point.
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      Quote Originally Posted by rinjani View Post
      forex trading will provide an opportunity for everyone to be able to get something big ..
      This is a business with huge potential, but this is not an easy business to get profit ..
      yes, you are correct, forex is a business that can give us the profit and loss in large numbers, but not easy to succeed in forex, because we must have a good system and psychology.


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      I think you mean is that the position candlestick buy candles will form the Higher High (HH) Higher Low, when the candle in a position not too high. and Lower Low, candle in the form of short-sell position and Lower High, candle in the shape of a sell position long enough


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      Quote Originally Posted by revo** View Post
      If you have adequate caliber in you and have patience then you can really trade successfully. Don't be greedy, don't be frustrated, always have faith in yourself.
      Moreover, you have to learn time management too. Like if you will trade daily or wait for the right time before any action. Another important thing is experience this is a thing which you cannot have at the beginning, just do as you think and analyse and you will be experienced too.good luck.
      I agree with you how good we are in the analysis as we do the greed in our trade, we will not have a chance to be successful in trading so we have to wait to follow the rules of trade


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      Quote Originally Posted by yoyok View Post
      yes, you are correct, forex is a business that can give us the profit and loss in large numbers, but not easy to succeed in forex, because we must have a good system and psychology.
      yes, forex is the business which is possible to make us got a lot of the profit and a lot of the loss too, to being success here is not easy the survey has said that more of the failed trader than the successful trader


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      Quote Originally Posted by MT5 Fiend View Post


      In the picture

      H = High
      HH = Higher High
      L = Low
      LH = Lower Hoigh
      HL = Higher Low
      LL = Lower Low
      how can we use that in our trading and how that ll is be higher from one lower can some one explain this points please and how can we get benefit from that in trading is it like trend drawing or something like this
      hope is beautiful


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      Quote Originally Posted by ymail View Post
      yes, forex is the business which is possible to make us got a lot of the profit and a lot of the loss too, to being success here is not easy the survey has said that more of the failed trader than the successful trader
      yes, on the forex world that have more of the failed trader than the successful trader there , so we must being too careful here, that is the proof that said the forex is not the easy business , but it was really hard business


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      I'm beginning to understand now, because so far I always understand forex trading is good and right, which if it is to understand it so I could do my trading activity with better


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      These higher highs and lower lows can help a forex currency trader to get to the top in forex. It helps us in knowing the support and resistance levels in forex trading pair that we choose to trade.


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      I know some of use donot know about this term its called legging in . what does it mean . it means entering trades in bits or should i say in small lots . though its time consuming and tiring ( watching charts all the time) it the best way to enter a move you arent sure of


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