This is the kind of ‘tunnel vision’ a lot of faster paced, lower time frame traders suffer from.
It is possible to master and follow the strategy correctly for as long as you like, trading virtual millions in cold blood with high volatility.
Real GDP – This is essentially the standard, nominal GDP, but adjusted for price changes (meaning inflation or deflation).
In finance, an SAR exchange rate is the Saudi Arabian Riyal rate at which Saudi Arabian Riyal will be exchanged for another.
Draw trendlines on past price data and you’ll notice many times, price will hit a trendline and not move past it much more than at least 5-30 pips before obeying the trendline.
The top forex robots suggest solutions for traders to identify profitable trades even in unstable markets, even when the actual trading direction is unclear.
Let’s face it, in a world of instant gratification, it’s very difficult for a trader to look at the higher time frame for setup.
And regardless of the time frame that you use to practice, when you have the necessary experience, you can use the lower time frames to make potential fast profits.
I dont use the news or calculated levels, they tend to let you make assumptions about what the market will do as against watching what it is doing.
Creating a trading plan or multiple plans for various assets and scenarios will determine the outcome of your Forex trading approach.