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If you trade the forex markets regularly, chances are that a lot of your trading is of the short-term variety; i. From my experience, there is one major flaw with this type of trading: h igh-speed computers and algorithms will spot these patterns faster than you ever will. When I initially started trading, my strategy was similar to that of many short-term traders. That is, analyze the technicals to decide on a long or short position or even no position in the absence of a clear trendand then wait for the all-important breakout, i. I can't tell you how many times I would open a position after a breakout, only for the price to move back in the opposite direction - with my stop loss closing me out of the trade. More often than not, the traders who make the money are those who are adept at anticipating such a breakout before it happens.

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Forex charts online

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The Only Technical Analysis Video You Will Ever Need... (Full Course: Beginner To Advanced)

Comprehensive and easy-to-use live forex chart that tracks the movements of thousands of currency pairs in the global Forex market. Free trading charts for forex, major commodities and indices. Our charts are fully interactive with a full suite of technical indicators. Real-time Forex charts and quotes on TradingView! Forex trading ideas and a wide range of indicators for technical analysis.