How to identify trap in forex trading

[Ivo Zetticci]

If the volume is stable even if the asset value changes, it is likely to be a trap. A low volume breakout is also a trap signal. Low trend strength also indicates false breakout. An indicator of momentum oscillators like RSI which measures the strength of the trend is also helpful. My broker Eurotrader also offer me all the necessary indicators and tools for trading.

 

[Mary Frederick]

Scam brokers are the real trap in forex market so be careful about scam brokers. FXOpulence, a technologically-advanced broker, provides traders with more than 400 technical tools for trading. The broker is an FSA-regulated broker allowing traders with high security of funding.