kanka
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| | How to Trade Bear Flag Pattern (4th Jan 22 at 10:53am UTC) | | How to Trade Bear Flag Pattern
Every beginner who comes to the Forex currency market already knows that the basic rule of trading is to buy cheaper and sell more expensive. But it is difficult to immediately determine how high the sale price should be and what the purchase price is low enough. Perhaps this is a rhetorical question. It has no clear answer and worries absolutely all traders.
A novice trader mostly does not ask this question and, having dealt with the charts a little, having studied a few simple strategies, plunges headlong into trading. In pursuit of a fabulous amount, randomly opening and closing transactions, loses the first deposit in a couple of weeks.
There are many indicators to help derive the price target when trading the bearish flag pattern.
After a while, a month or two, he returns to recoup. Now his first goal is to recapture losses faster. Opening a new deposit, he tries himself as a scalper, opens deals by intuition and merges the deposit again. And he returns again — but with the money borrowed.
This vicious circle can be avoided, you just need to follow simple rules and devote more time to your level of knowledge. A novice trader should first of all be concerned about how to survive in the first month on the market, and not fabulous wealth. Getting acquainted with the Forex market, you need to pay attention to saving your deposit, and not to increase it.
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