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Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.
Our Interactive plot offers you indicators to detect patterns on Japanese Candlesticks (see the list of Candlestick Patterns below). It’s a recommended tool for those traders that use Candlesticks to take trading decisions. This tool is very useful to get an immediate notification being displayed as soon as the pattern occurs. The Japanese candlestick theory establishes a series of patterns which are statistically previous to potential change or interruption of trends, a turning point in a current trend, etc.
Forex is one of those areas that most people feel is complicated. In reality, it's like many other forms of investment, a little knowledge can be dangerous. The good news for people out there looking for forex investing strategies is that there are enough strategies out there to meet any investment goal. You can be a simple long-term investor, or you can sit and watch the market every day looking for profit at every turn. As long as you want to learn forex trading, you can find a method that's right.
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Risk warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. All information provided by Myforexchart is for educational purposes only. Myforexchart does not take any responsibility and/or liability for any financial investing of any sort that was initiated and/or carried out based upon or using information from Myforexchart or and/or its affiliates.
Shortened as “Vol.” in the economic calendar and depicted as yellow/orange/red bars, the volatility is an indicator of the expected impact of a data on currencies. Shall a bar be red and long, market observers expect this data to have great probability to move the Forex market. Shall this bar be yellow and short, the probability is viewed as low. In orange, we’re just in between.
One of the great benefits of our Platinum signals is that you can enter later on a signal/deal (as opposed to VIP signals which when the signal comes out you have to be fast and need to enter into a deal at the moment). This advantage is expressed in the Pending orders we use, where there is considerable time waiting for the price to reach the level of order activation. This way, even later, you can place an order and win over it.
You don't have to follow all our signals by the book. Forex signals are trade ideas, so it's best to consider them as such and whenever possible to increase your profits. Stop loss and take profit levels are given in order to frame the range in which the market is expected to move based on a specific trend. If your trading strategy points to further gains, don’t limit your potential... extend your take profit (TP) target or remove it all together to maximize profits.