In the red example, swapping within the box does not change the content of that box. The below chart represents our entry, exit, and risk management in this pair. If you compare the stop-loss with take-profit, it clearly shows that we have opted for a smaller stop-loss, it was because the upper line of Rectangle acts as a primary resistance line. If the price action breaks the resistance line, the pattern by default gets invalid, and there is no need to hold our position. Around our take profit […]

In addition to choosing how to trade forex, you can pick a different market for each currency pair. Most new traders will pick one or two major pairs to focus on, often starting out with euro-dollar (EUR/USD). This is the world’s most traded currency pair, and typically has the tightest spreads. All major currency pairs have very liquid markets that trade 24 hours a day, every business day.
Nevertheless, they are generally indicative of what you can expect. The exchange rate for this pair […]

A persuasive attempt may also induce consistency concerns (Petty et al., 2004), i.e., a fear that changing a behavior or opinion will lead to inconsistencies with prior beliefs or behaviors. People are unwilling toward the possibility that persuasive information may challenge an important belief. Reasons that may make people reluctant toward change include the desire to not lose something of value, believing that the proposed change does not make sense, perceiving greater risks than benefits, a […]