Open trading account 
Breakouts from Consolidation are the most common of setups that are traded in the Currency Market. These have been more dominant in recent years because of the extraordinary Monetary Policy stances of Central Banks as well as other factors that have led to low levels of liquidity. Breakouts can be fast and sharp, leading to trade targets being hit within minutes or a few days. However, as tempting as these are, there are many traps that have often caught traders with our pants down and left us w…
Community Blog
TYPES OF TRADES - 2
Dear friends ,
Yesterday we saw about the 4 types of entry points .
1. Breakout/Breakdown.
2. Retracement / Pullback .
3. Reversals / Counter trend.
4. Rangebound fades.
We will discuss them in detail one by one .
1.BREAK OUT ( OR BREAK DOWN ) :
This entry point is the most preferred by TREND FOLLOWERS ( AND TO SOME EXTENT YOU CAN SAY - PROFESSIONAL TRADERS ALSO ).
The entry is very easy - breakout of a strong support or resistance .
When experiencing extended range consolidation, it is best t…
Yesterday we saw about the 4 types of entry points .
1. Breakout/Breakdown.
2. Retracement / Pullback .
3. Reversals / Counter trend.
4. Rangebound fades.
We will discuss them in detail one by one .
1.BREAK OUT ( OR BREAK DOWN ) :
This entry point is the most preferred by TREND FOLLOWERS ( AND TO SOME EXTENT YOU CAN SAY - PROFESSIONAL TRADERS ALSO ).
The entry is very easy - breakout of a strong support or resistance .
When experiencing extended range consolidation, it is best t…