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Trade directions trend by D este
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Trade directions trend |
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Investment,Finance & Investment
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Traders find this way of trading new and easier to learn then trying to figure out if a stocks is going to go up. This wanting to make fast cash is the reason most new traders don't use stop losses which is their first big mistake. Just because you have a losing trade does not mean you are a failure it just means you had a unsuccessful trade. If you use a stop loss then actually it is a successful trade since you have preserved your capital by getting stopped out of the trade. The volume and direction of the trend is much easier to spot in most cases. Learning to read charts is also very important. New traders need to learn their own trading strategies when you trade pairs like in futures and the Forex markets. Fed meetings and many other reports like the employment report can move the markets.You need to understand that if you are a long term trader that these reports will not effect your trades as much as a short term trader.Picking directions of a trade
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