If you’re familiar with the concepts of support and resistance,you may have heard of pivot points Pivot points expand on the support and resistance theory,giving traders more important price areas to know about when they trade Most traders think that support and resistance simply represent just one price area each,but pivot points can give traders three support and three resistance levels to work with and this added information can indeed be quite profitable when you know how to apply it properly…[...]
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Even rookie forex traders know about hedging You know,limiting your risk and searching for a breakout move by going long and selling short the same currency pair at the same time This is an especially useful strategy to implement with your forex robot once you’ve gotten comfortable with it and gained the necessary knowledge to fiddle with the settings…[...] Although a forex robot may focus on a single pair,you can probably alter its settings to focus on another pair or group of pairs If after altering your forex robot’s settings away from its pair of choice you notice a sustained losing streak or big drawdowns,switch the settings back or find a new forex robot What Is Better:To Have Options Or Predictability…[...] | ||||||
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