��Trend Trading Strategy ��
The market isnt always the same. In order to choose the best trading strategy, start your technical analysis with identifying the markets condition. There are two types of market conditions: trend and range.
During the rising/falling trend its recommend to open positions in direction of the trend. As traders often say, the trend is your friend. In other words, if the pair reaches support line during an uptrend, the odds are that it will recoil upwards and will run towards resistance. Buying in uptrend and selling in a downtrend is called trend trading.
�� The goal is to enter the trend at an early stage in order to get the maximum profit from trading the trend. And to do so, F.B.S suggest you:
�� Determine the trend with the help of price action and technical indicators.
�� Plan the entry buying on the recoil from support is less risky than buying on the break of resistance.
�� Limit losses for example, put the stop below the previous higher low.
�� Determine the target Take Profit should exceed Stop Loss.
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Registration of a client in your Partner group can be processed in one of the following ways:
☑ Automatically, when a client follows your referral link and then opens an account at F.B.S.
☑ At registration, when a client enters your Partner ID in the registration form in order to be added to your Partner group.
☑ Upon a client's personal request to F.B.S Support Team.
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�� Great opportunity on Oil - avail of it with F.B.S right NOW! ��
Oil prices fell further below $50 a barrel Today on concerns that a diplomatic rift between Qatar and several Arab states including Saudi Arabia could undermine efforts by OPEC to tighten the market.
Much volatility is expected within near future!
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---------- Post added 06-07-2017 at 11:01 AM ---------- Previous post was 06-06-2017 at 09:31 PM ----------
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---------- Post added at 08:48 PM ---------- Previous post was at 11:01 AM ----------
���� Trending Forex Events ����
The United Kingdom snap general election will take place on June 8th, 3 years before the officially planned date. Calling for an early general election, UK Prime Minister Theresa May sought a stronger mandate as she negotiates Britains exit from the EU. Opinion polls show that Mays Conservative Party has a good lead over the rival Labour Party.
��If there are no surprises and the Prime Minister strengthens her position, the sterling will gain. At the same time, events like this are always associated with uncertainty.
��If May gets less support than expected, the pound will get down.
The actual outcome will be announced on June 9th. We expect to see strong moves in the pairs containing GBP ahead of the election and afterward.
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