5 Tips for Successful Forex Trading from Rayner Teo
The many forex trading tips that have been delivered at various seminars make beginner traders have little trouble following which trading lessons are the best. Plus, the various types of indicators make traders confused which one to use, starting from RSI, Fibonacci, MACD, and many more. They then wonder which of the many tips that have proven successful to be applied in starting trading. This then made Rayner Teo, a successful trader and founder of Singapore-based TradingwithRayner, share tips on forex trading that have been proven to be "effective" to implement. Consider the following tips: 1. The longer the range of the market, the harder the price to break. When markets are ranging, note that the longer Support and Resistance that fortifies price movements, the more valid these limits are. From this, you can be more sure to make the Resistance Support as an open position reference, or determine the Stop Loss and Take Profit targets. 2. Sideways conditions can be traded i