technical analysis driving them, is high risk. An ECN account will give you direct access to the forex contracts markets. My trading strategy differs from most courses you will come across as it is based entirely on Price Action. In Australia however, traders can utilise leverage of 1:500. Trading forex in less well regulated nations, such as Nigeria and Pakistan, means leaning towards the more established European or Australian regulated brands. A preceding trend can be formed by as little as one candle. If your broker does not support 6, 8 and 12 hour time frames you need to find a broker who does, or simply use a charting platform separate to your broker. It really has seen it all.
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If you have a strategy that works in low volatility markets, it will fail in high volatility, ranging, or trending market conditions. This is because it will be easier to find trades, and lower spreads, making scalping viable. But, when you attempt it, it fails you! They normally see a list of candle patterns like the one below. BTC/ETH or ETH/LTC etc. If you prefer a lower winning rate but larger gains, then go for position trading. European institutions, banks and account managers will be active and macro-economic data is released. Traders should consider developing trading systems in programs like MetaTrader that make it easy to automate rule-following. Thinking of candles as simple patterns is the wrong way to do things.
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