Forex trading strategy is a certain system of rules that must be strictly followed if you want to make money in the Forex market. Actually, the strategy is a trading plan. It allows you to confidently start and close the deals rather than carry out a chaotic activity in the market. The indicator that is called the Psychological Line or PSY in short, is an oscillator that can be implemented on any timeframe and for any financial instrument. Basically, the PSY shows the percentage value of the price bars that close beyond the preceding bar over a certain period of time. Let's see how to apply […] The trading style on IqOption is a reflection of your personality. a number of people seek to action and fast-moving environments, others prefer to carry out in-depth analysis deeply before making a decision, several prefer to read, others are visual. Terms you need to understand when trading cryptocurrencies on IQ Option. Spread : This is simply the difference between the Ask price and Bid price on IQ Option. This is similar to spreads applied to forex. Multiplier: This is leverage applied on a specific cryptocurrency. For example BTCx100 has a leverage of 100 times. Support and resistance levels on IqOption are substantial levels on the asset graph that the price might retrace from. Trading on breakouts and trend reversals is a famous approach of selecting market entries. Resistance and support lines are the most […] ForexMT4Indicators.com are a compilation of forex strategies, systems, mt4 indicators, mt5 indicators, technical analysis and fundamental analysis in forex trading. You can also find systems for scalping such as trends, reversals, price actions. Trading on a lower timeframe like 1 minute to long term trading are also imparted here. IQ Option is an online trading broker, the company offers financial instruments such as forex, options, stocks, commodities, CFDs and cryptocurrencies. The company offers its products to traders from different regions including Latin America, Europe and Asia. They’ve also won several awards and continue to evolve and introduce new features that make trading easy. Psychological levels are market price levels mostly key levels in Forex represented by round numbers, such that these round numbers function regularly as levels of support and or resistance. Traders usually use these numbers as exit, entry, or stop levels, and these stops & limits can change order flow and price movement.
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