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From my point of view, using a non-lagging indicator to measure price trends. Then, once you have identified a trend, begin making counter-trend entries in a grid formation so that you can continuously buy or sell at the best possible price. To exit, you wait for the market to pull back (retrace) and you exit all of the positions with an equity target. I call this entire process of entry detection, and actual entries and exits a tradecycle or trade lifecycle. It is 100% mechanical and should be fully automated so that you can focus on managing risk.
Most indicators do lag, since they average or smooth past historical data. But there is one indicator, the Awesome Price Action Move Indicator, that only measures price trends without any lag.
To help you setup the grid, use a spreadsheet to estimate how wide (range of prices from the initial entry) of a grid you can handle. There are drawdowns to consider , but your risk decreases as you complete more and more tradecycles.
What else can I help you with?
What determines the exchange rates?
Foreign exchange markets
Is there any restriction imposed on foreign exchange markets in Fiji?
Not really...
Which countries participate in the foreign exchange markets?
Nowadays anybody anywhere with money to spare can participate in currency exchange
What has the author Steven W Kohlhagen written?
Steven W. Kohlhagen has written: 'The behavior of foreign exchange markets' -- subject(s): Foreign exchange market
What is extender strategy?
The extender strategy is when a firm expands into foreign markets that are similar to their current market. They use strategies that are currently successful to expand the business.
What has the author Heinz Riehl written?
Heinz Riehl has written: 'Foreign exchange and money markets'
What does the currency trading platform AvaTrader do for its users?
The AvaTrader website is a very helpful platform that allows its registered users to perform trades in foreign exchange rates in foreign exchange markets.
How does online foreign exchange trading work?
Online foreign exchange trading works in a simple fashion. One purchases (or sells) a foreign exchange pair, e.g. EUR/USD via a broker on the exchange. The market that is traded on depends on which markets are open. The biggest exchange in terms of volume is the London market.
What has the author Richard Urwin written?
Richard Urwin has written: 'Efficiency in the forward markets for foreign exchange'
What are roles of financial market in Tanzania?
Financial markets have an important role in Tanzania. The markets have helped with the trade market, foreign exchange, and stock markets. The financial markets also provide people a place to invest.
How is a foreign exchange market different from foreign exchange?
Foriegn Exchange invloves physical transaction of currencies from a dealer or broker. But Foreign Exchange Market involves a virtual transaction with real money. Foreign Exchange market is largest of all the markets and nearly 10 times bigger than NYSE. These simple sentences can't explain the difference. You need to drill more to know what it is.
What are the functions of the world's major foreign exchange markets?
Generally, the functions of the world's major foreign exchange markets are to accommodate and determine an exchange rate, which is determined through the basic principles of supply and demand. An exchange rate is essential for a economy due to the potential of economic growth that resides with exports and imports. International trade, foreign investment, the demand for a country's dollars buy exporting firms in the same country (export services as well) and employment are factors needing an exchange rate which allows the above to positively influence an economy.
