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Let’s talk about the theme which seems very simple, this theme is (Generic Cialis) opening and closing positions. You may ask: “Wat is difficult in that?” There is nothing difficult, but beginning traders anyway make mistakes.

You know that traders on the Forex market have a saying — “Trend is your friend”. These are good words, aren’t they? But as it has turned out the as here on the Forex market as anywhere though, everything is relative. For someone trend is really a friend and for someone trend is the worst enemy. Do you understand what I mean? That’s right, this is when a trader opened a position against trend and incurred losses. Why did the trader open a position against trend? Why did the trader incur losses? Everyone has his/her own reasons. Someone has opened on the top of the market, someone’s indicators have given late signals, someone has a “green” trade system and someone trades without a trade system at all. And why do they incur losses? Because they are waiting till the price “changes its mind” and starts moving to the desirable direction. And why don’t they put stop-loss? Someone puts it at a very long distance, someone always moves stop-loss, hoping for the miracle described above, someone just despites stop-loss and never puts it, thinking that stop-loss has been created by cowards. There are many reasons, but the result is only one — losses. But what is the most important — you lose faith in yourself and your abilities.

So, what have you to do? You have to do your best to make trend become your friend. And this is not si difficult. You only need three time intervals. This can be the system of three screens of Alder or a system similar to it. You need to have long-term, medium-term and short-term trend at your eyes.

Long-term trend is the main trend. These are day candles at the trade within a day. This trend is used to determine the direction of the trend. You can use sliding middle to determine the direction. And as a result, you have to open a position only according to the direction of the trend. If there is no such an opportunity at the current moment, then you have to wait. Of course if your trade systems allows you to open positions against trend (on correction), then you can earn money on that too. The difference will be only in the fact that you will have to put small stop-losses and always to be ready for a sharp turn of the trend on smaller time-frames.

All the lines of support and resistance, correction and widening of Phoebonatchi, that you have drawn on a day graphic, are more important comparing with other time-frames.

Medium-term trend — these are hour (four hours) candles.

This graphic shows the movement of the price during a day. It happens that a price has been moving in the same direction for the whole day, and it happens that a price was rising during the first part of a day, and then it was falling sharply. We have to look at this graphic in order to determine when to open a position.

Short-term graphic — 5-15 minutes. On this graphic you will be looking for the most advantageous moment for opening a position. You can determine the ending of the current trend, turn, correction on a short-term graphic. This has to help you to get maximal profit and to avoid large losses.

There are 2 ways you can make money on currency exchange market.

You can learn the basics of Forex market trading with the help of a nice forex book and do the forex trading personally.

Alternatively, you can hire professional traders to manage your account and they will trade for you. Find out more about forex investment.

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