8/12/ · After the second of the trendline, we need to wait for the correction to the upside. Next, we wait for the price to touch the trendline for the third time. The short position needs to be opened at the closing price of the bearish candlestick formed after the third touch. We place a stop loss above the previous resistance levelEstimated Reading Time: 4 mins 5/18/ · Entering a trade on the third touch of a trendline for confirmation is a good concept to employ. The idea behind this three touch approach is that if Author: Richard Krivo The trendline is always drawn downwards connecting the first two points (1&2). The third point (what I call the 3rd strike) is when price comes back down and touches the trendline that was drawn. This forex trading system is strictly for buying (going long) NOT selling. So when you see the forex Estimated Reading Time: 3 mins
Third Strike Forex Trading Strategy
Hey Trader! After reading or finding out a little about forex, maybe you know how much profit potential in the forex trading market. Hmm … big enough in your mind.
Big enough to fit all your dreams and it feels worth it to be occupied. Well, there is nothing wrong with all that knowledge. So also with your beautiful dreams. Everyone has the right to have a dream to settle down and become financially independent. But it is just a sweet thing in the world of forex. An ideal ending destination. And maybe if asked further whether forex trading it, maybe you will be confused.
Wait … I know you have a lot of questions. All these questions will be answered on this website. To simplify your introduction with forex, I will analogy forex trading with money changer or stock. This is because most know what a money changer or stock trading if you do not know it, go to a money changer and ask the officer there Cool, 3 first touch with forex.
If anyone asks me what is forex trading then the answer can be very varied. But I like this simple definition: forex trading is an investment instrument in the form of foreign exchange trading in pairs. Forex itself has several other names such as Fx, margin trading, or even forex trading. That all more or less refers to forex trading.
Advantages in forex investing forex stands for FOReign Exchange is obtained from the difference 3 first touch with forex the purchase price and the selling price of the currency we are trading. A simple example:. Why, if so forex exactly the same time we 3 first touch with forex money in money changer? Yes it is similar. Hence from the beginning I analogy forex with trade in money changer.
Similar is not the same. So there is a difference. Among the methods of trading are done with the form of margin trading and no physical delivery of goods. Forex trading is traded in currency pairs, commonly called pairs. Oh yes, before I forget, there will be some terms or abbreviations that we will meet in the world of forex.
we should know it, but do not worry, 3 first touch with forex, I have prepared the 3 first touch with forex dictionary in other pages. Among the investment instruments on the stock exchange, forex trading is the largest instrument of capital. Or thousands of times greater than total transactions on the Jakarta Stock Exchange!! With such a capitalization, forex trading is known as the most liquid and largest market in the world. Another plus is forex trading is an active investment instrument 24 hours a day and 5 days a week.
Started from European, American, Asian and Australian markets. So unlike the Jakarta Stock Exchange that can only transact during the day, on forex trading especially on online forex trading we can transact anytime and anywhere. Not all currencies can be traded here. Only a few of the developed countries commonly used are USD US DollarJPY Japanese Yen3 first touch with forex, GBP British PoundEUR EuroCHF Swiss Francand AUD Australian Dollar, 3 first touch with forex.
So if we invest in forex trading market, then we will not find pairs in the form of IDR Indonesian Rupiah with USD. Remember our initial definition, forex trading is trading foreign currency with other foreign currencies. This is one of the differences with money changer in general.
This never happened in forex trading. Traditionally, the traded currency is a fundamentally advanced currency with a large and stable volume of export exports. The next feature in forex trading is that it has never been physically traded. Yup, never. Unlike if you have to go to a money changer and exchange your dollars, then you are required to carry it in your pocket physically.
Well, in forex, buying and selling is not done physically. The only record is transaction evidence and when you make a transaction. Ancient times like a fairy tale would be J all forex transactions are written in the form of a bearing letter. Then after the widespread use of the phone, the transaction proof is reduced to only a short article called quotes.
From this came the term Dealing Quotes DQ. Well, now forex trading is no longer done over the phone. Then all the way transaction and transaction evidence was done online. You just fill in the user id and password provided by the platform provider in this case called brokers or brokers then, click … and all your transaction details appear. This greatly facilitates everyone in forex transactions because then anyone can make transactions and moreover, the transaction is no longer limited by time and place.
Since it is handled by the system and no longer by phone that in fact must be held by a human dealer then the investor can invest forex whenever he wants for 24 hours a day with various conveniences, 3 first touch with forex.
Even I know some housewives who play forex trading through her home. Capitalize the internet on their home computer or laptop, then began their action to analyze the movement of nutrients. Mothers lho … So if you and I who have worked and become office employees do not know forex, shame dong ah same modern mothers, he., 3 first touch with forex. he he. One of the most prominent parts in the world of forex is the trading model that is done with the margin trading system.
This is different from the trading system with the usual spot we do everyday. That is Spot is trading with one exchange system. The more confused?
Back I match foreign exchange trading through money changer with forex trading. Again money changer … Pity it seems like this money changer. Hopefully no one will open a business in the world of money changer. If I can not get my complain. Disparaging people business. Let me give you a simple but real picture, 3 first touch with forex.
I take the example pair pair currency GBPUSD. This means the British Pound currency paired with US Dollar, 3 first touch with forex.
At the time this article was created, the exchange rate of GBPUSD was 1. Usually this currency movement more or less experienced a movement of points per day. Do you know how much profit if you trade with and without margin trading?
The first without using margin trading system 3 first touch with forex Spot trading. Because we know the price will move up, then to gain profit is to do the buying action. Buy cheap and sell expensive. Then the profit is 1. Ehmm … really small? Yes it is small, the currency movement is not 3 first touch with forex large per day. If you want a big profit, not with a capital of only pounds. How about 10, Pounds. Well means that we can get pounds 3 first touch with forex with the same movement as the previous example.
Well, this just feels. Fortunately Pounds Sterling, or if in exchange with the rupiah is about Rp 1. Example of Margin Trading Calculation. Well, margin trading eliminates this problem by using a guarantee model. The same case and indeed the solution is more or less the same. It takes 10, pounds if you want a profit in sufficient quantities. but get there, with margin trading, you do not need to spend 10, pounds to buy 10, pounds. That is, you just simply issue a guarantee only.
How big? That is if you want to buy as much as 10, Pounds, you simply spend Pounds only. Yes at least has been reduced much compared to the original. But still great. And lastly after the demand here and there, 3 first touch with forex, now most of the forex trading companies provide a guarantee that is small enough to be able to take action to buy or sell.
That means if you want to buy as much as 10, pounds, you simply spend as much as Pounds or approximately USD 1. Much cheaper is not it? Profit gained any fixed amount: Pounds or Rp 1.
TOP 3 FOREX TRADING ENTRIES (Simple \u0026 Profitable Patterns)
, time: 21:28Forex Strategy «3 touch» | FOREX Strategies
5/18/ · Entering a trade on the third touch of a trendline for confirmation is a good concept to employ. The idea behind this three touch approach is that if Author: Richard Krivo 8/12/ · After the second of the trendline, we need to wait for the correction to the upside. Next, we wait for the price to touch the trendline for the third time. The short position needs to be opened at the closing price of the bearish candlestick formed after the third touch. We place a stop loss above the previous resistance levelEstimated Reading Time: 4 mins The trendline is always drawn downwards connecting the first two points (1&2). The third point (what I call the 3rd strike) is when price comes back down and touches the trendline that was drawn. This forex trading system is strictly for buying (going long) NOT selling. So when you see the forex Estimated Reading Time: 3 mins
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