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FREE COURSE TRAINING FOR BEGINNERS:
Learn A Proven Forex Technical Analysis Concept...
In forex market, it is important to know, gauge and understand first the value of the current market price of a currency pair in order for us to determine the best possible buying or selling price that can make you a profit.
Basically, understanding how to determine if the exchange rate will go up or go down!
Learning how to read the forex price chart is essential, in this way you'll have a better picture and understanding how to interpret the potential future direction of the price based from a simple graphical representation.
Forex price chart are graphically represented in such a way that we could easily understand and visualize the current market price condition.
While forex trading has a simple buy and sell concept, we will not just randomly enter a buy or sell position. A trader should and must have a proven concept, rules/criteria and process to identify highly profitable trade opportunities that is worth risking.
Learning a proven technical analysis concept is not enough to thrive in this very competitive trading environment. A trader must develop a trading edge that should give him a superior advantage to become consistently profitable. There is what I call the 3 Important Pillars to consider.
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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. MikePerlas.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content on this website is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. MikePerlas.com has taken reasonable measures to ensure the accuracy of the information on the website, however, does not guarantee its accuracy, and will not accept liability for any loss or damage which may arise directly or indirectly from the content or your inability to access the website, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this website.