In today’s post, I will show you how to trade one of the most popular forex strategies available right now…
Supply and demand zones.
Centered on trading...
In an era of instant financial news and social media updates, an abundance of information is freely available to us at any given time. All of us rely on information to make sound trading decisions.
Markets never go in a straight line, in either direction. One question then that a trader has to ask is at what level to expect a retracement, aka a pullback. Failing to account for retracement can either result in missing out on profits, by exiting the trade too soon.
Hidden support and resistance is virtually unknown to a majority of traders. Yet this phenomenon is responsible for many of the big trends and corrections that we see play out in markets over the longer time periods.
Dollar cost averaging is most advantageous when prices are volatile, but rising over the long to medium time. DCA investing is suitable for those looking to make gains over that time range.
Most of those who've traded forex, cryptos or other markets for a few months have probably come up with a strategy idea that they think could be ripe for automation.
One of the smartest things you can do in a down cycle is having the ability to switch to an alternative trading strategy. Or even an alternative asset class.
Let's face it. Buy and hold (hodling) is not for everyone. If you want to ratchet up those profits, or even create a bit of income from your crypto assets you need to look for something a bit more dynamic.