Forex trading quiz
to being contacted by phone or email with regards to gkfx services and for marketing purposes. What you are going to do is for the next several minutes (as much as you need) look at the chart below and tell me what patterns you see in the market. C The difference between the stop loss and the profit target. If it happens twice its a pattern. Question 4 When is the forex market open? What would you do? Forex is short for foreign exchange, but the actual market we are referring to is currencies. In an article I will write on this Thursday, I will discuss some key things you can do to improve your learning process, so you can enhance your pattern recognition skills, along with tailoring your educational process to help accelerate your learning curve to trade. A bullish trader is one who expects prices to rise and who may be holding long positions.
What I am going to do is share with you my strategy, what patterns I isolated to come up with it, and how it played out. Some of us are closer to Sherlock Holmes, and others are closer to Inspector Clouseau. Important selected daily and weekly market news will now be sent to your inbox (but we will never spam your inbox and share your details with third-party companies). B Man up, open six new trades and give them more room to breathe than the last six trades (put your stop loss further away).
Another is going back and looking at historical price action, and in I thought this would be a good exercise for you to work on a particular chart I am writing about in my book. B Use stop losses that are too tight. The whole point of this forex pattern recognition quiz is to be an exercise whereby you; a) test your pattern recognition skills b) see how quickly you can come up with the patterns c) see how quickly you can formulate a strategy (or strategies) based. C Call it quits for today. You can access the world's largest financial market, the Foreign Exchange, by opening a demo account at gkfx and test our platform risk-free* with up to 100,000 virtual money.
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