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Forex
Forex trading method explained
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[QUOTE="allison001, post: 298175, member: 40034"] There are several methods used in forex trading, including: Technical Analysis: This method uses charts and technical indicators to identify trends and make trading decisions. Fundamental Analysis: This method looks at economic, financial, and political factors to forecast currency price movements. Scalping: This method involves making many trades in a short time frame, usually a few seconds to a few minutes, to profit from small price movements. Swing Trading: This method involves holding positions for a few days to a few weeks to profit from medium-term price movements. Position Trading: This method involves holding positions for a longer period, usually several weeks to several months, to profit from long-term price movements. Algorithmic Trading: This method uses computer programs to automate the trading process based on a set of rules and parameters. Trend Following: This method involves identifying the overall direction of the market and making trades in the same direction. Counter-Trend Trading: This method involves making trades in the opposite direction of the current market trend. News-Based Trading: This method involves making trades based on economic or political news events that are expected to impact the markets. Mean Reversion: This method involves making trades based on the idea that prices will tend to move back towards their average over time. [/QUOTE]
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