What is forex?
Forex (also known as FX) is simply shorthand for “foreign exchange”, which is the trading of one currency for another.

A forex trader speculates on the price movements of one currency against another with the aim of making a profit.

The market moves in trends. If you try to find a reversal all the time, you will suffer because the trend movement always tends to continue.
❓ But what if the market on the H4 timeframe is moving lower, but on the M15, it's rising? Then, reversal patterns are just what we look for. We need to find one of them on the M15 chart and join the bigger movement on the H4 chart.
The picture shows the most popular reversal patterns.
Share it with your friends and tell us, do you trade such movements?

The trading world never rests, but traders need their sleep! Which trading style aligns with your sleep habits? Drop your thoughts in the comments below
#traderhumor #swingtrader #daytrader #scalper #longtermtrader

The Top 10 Rules in Forex Trading
1. Never Let a Winner Turn Into a Loser
2. Logic Wins, Impulse Kills
3. Never Risk More Than 2% per Trade
4. Trigger Fundamentally, Enter and Exit Technically
5. Always Pair Strong With Weak
6. Being Right but Being Early Simply Means That You Are Wrong
7. Know the Difference Between Scaling In and Adding to a Loser
8. What is Mathematically Optimal Is Psychologically Impossible
9. Risk Can Be Predetermined, but Reward Is Unpredictable
10. No Excuses, Ever
Trading is an art rather than a science. Therefore, no rule in trading is ever absolute (except the one about always using stops!) Nevertheless, these 10 rules work well across a variety of market environments, and will help to keep you grounded - and out of harm's way.

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