What is a range? Generally a range is a type of price action bounded on the top by a resistance level and on the bottom by a support level. Ranges are periods when the markets move up and down without any clear directional trend. Some would characterize the price action during a range as [...]
The other great aspect of cutting part of your position is that you instantly take some of the stress away. One of the most stressful aspects of trading is the psychological impact a running loss may have on your trading. Faced with a big loss, most traders are keen to take a needless hit and [...]
One of the most important lessons any forex trader needs to learn is how to get out of a losing position. There may come a point in your trading career when you find yourself in a trade that is deep underwater. If you continue with the trade, you may get your account wiped out. First [...]
