Tips for beginner traders

First advice to people, trying to take their first steps in Forex - start simple. Then, gradually understanding the intricacies of a new type of activity for you, you can experiment with more complex things. Everything, even large companies, such as MTS, started their journey small. Remember this. To start, select one market and study its work over the past ten years. Highlight the support and resistance levels for this period. note, how the prices of interest behaved when approaching these levels directly. In this way, you will immediately see trends on the price chart. Indicator predictive functions, such as psychological, trend and signal will allow you to analyze the situation in more detail, market condition. In order to predict the market will be referred to as "bearish" or "bullish", you need to pay close attention to the psychological indicator. It characterizes the general mood in the market.. Volume indicators will help you make a decision, associated with the moment of opening a position. An increase in volume means that participants are interested in price dynamics …

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