I would like to know a simple hedging strategy for forex.
I’m new to forex, I got a demo account right now, but I’m losing money. What’s a good stategy, and what’s a simple way to know which direction a currency is headed.
I know it’s hard but what are some of the obvious indicators. In stocks when there is some scandal or a defective product it’s guaranteed that the price will go down, is there obvious indicators for forex?
Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, the market is just too random and unless risk is controlled over time your account will slowly get wiped out, regardless how good a “trader” you think you are.
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