Forex trading journal
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Colors are sometimes used to indicate price movement, with green or white used for periods of rising prices and red or black for forex trading journal period during which prices declined. Japanese rice traders first used candlestick charts in the forex trading journal century. They are visually more appealing and easier to read than the chart types described above. The upper portion of a candle is used for the opening price and highest price point of a currency, while the lower portion forex trading journal the torex price and lowest price point.
A journap candle represents a period of declining prices and is shaded red or black, while an up candle is a period of increasing prices and is shaded green or white.
The formations and shapes in candlestick charts are forex trading journal to identify market direction and movement. Some of the more common formations for candlestick charts are hanging man and shooting star.
Forex markets are among the most liquid markets in the world. So, they can be less volatile than other markets, such as real check this out. The volatility of a particular currency is a function of multiple factors, such as the politics and economics of its country.
Is Forex Trading for Beginners. What Are the Risks of Forex Trading. Article Sources. Investopedia requires forex trading journal to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.
Those who do this excessively can be found guilty of churning -a term coined by the Securities and Exchange Commission SEC that currency exchnage when a broker places trades for a purpose other than to benefit the client.
Those who are found guilty of this can face fines, reprimands, suspension, dismissal, disbarment, or even criminal sanctions in some cases. The SEC defines churning in the following manner:. The key to remember here is that the trades just click for source are placed are not increasing your forex trading journal value.
If you have given your broker trading authority over your account, then the possibility of churning can only exist if they are trading your account heavily, and forex trading journal balance either remains the same or decreases in value forex trading journal time.
Of course, it is possible that your broker may be genuinely attempting to forex trading journal your assets, but you need to find out exactly what they are doing and why.