When trading Forex, deciding on the market that suits your trading strategy best is crucial to your long-term success. You should have a good understanding of why prices in your chosen FX pair might fluctuate, the types of events that can drive market movement and how volatile the market is.
Doing background research and analysis will help you to identify key trading opportunities in your chosen market and can help you identify trends and patterns which indicate market sentiment. Read widely on the latest market analysis and news to help ensure you understand market correlations that could weigh on your chosen FX pair.
When you trade Forex with ETX, you’ll be able to use our powerful charting package that puts advanced drawing tools and indicators at your fingertips, helping you make better trading decisions.
Choose from a variety of chart types, indicators and intuitive drawing tools to follow price action in your Forex market and identify the type of opportunities that fit into your trading strategy.
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I cannot call myself a trader fully, but I often watched what my husband was doing. This is quite interesting and I began to study Forex on my own. Tell me, have you tried using the robot trading method? It seems to me that this is most relevant for individuals in Forex as it reduces the likelihood of a wrong transaction.
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