Tag: #forex

Billner Group Review: 5 Things you must not miss out (billnergroup.com)

Billner Group is a forex brokerage platform with a vision to make every trader profitable. With numerous features like leverage, multiple account types, account manager and many more – the brokerage platform is on the right direction – to make the trading journey simplified. As per Billner Group review, having an account with them ensures that you are in the safest hands. Be it the right account type or an excellent trading interface, the firm stands true to its promise.

 In this article, we will list down the 5-key things which one should look into before finalizing on any brokerage platform.

 5 things to not miss out on – while selecting any brokerage platform

 While selecting any brokerage platform – let us focus on the following key points:

 

a) Focus on the UI – User interface is the key when it comes to selecting a brokerage platform. If the user interface is confusing, you might end up making the wrong trades, Hence, selecting a brokerage platform with a simplified user interface is always the key here.

b) Regulatory compliance: Regulatory compliance is a key component when it comes to selecting a brokerage platform.A brokerage platform that is compliant in terms of the regulatory bodies of the country is always a safe bet.Not only does it reduce any form of risk, but it also ensures that they follow all the standard rules and procedures needed for trader’s security. 

c) Ease of trading across platforms: A brokerage platform that lets you trade across multiple devices should always be given a priority. Since there is a lot of focus on the nomad lifestyle, traders don’t want to trade just from their homes. Instead, a brokerage platform that gives you the freedom to trade from anywhere is truly the number one choice. Billner Group truly understands this demand of the consumer. Thus, they have three different devices that the traders can use to trade in the Forex market.

d) Security of funds: Trading into the forex market would often require a large sum of money. The security of one’s funds should be one of the priorities in your checklist when selecting a brokerage platform. A brokerage platform that understands the importance of funds and keeps it in a segregated manner should be given the number one priority. Billner Group is one such platform – which makes it the number one choice amongst forex traders. 

e) Portfolio diversification: Portfolio diversification is very crucial when it comes to trading in the forex market. One of the key reasons why portfolio diversification is important is it helps in risk management and profit maximization. Billner Group allows traders to invest into 60 plus instruments seamlessly – thus enhancing a better risk management mechanism. 

In conclusion, selecting the right brokerage platform is always the most important and difficult choice to make. We have simplified the task for you by analyzing across multiple brokerage platforms and understanding what are the key factors you must look into. If you’re looking forward to having a forex journey that is filled with success, you should start trading with Billner Group right away! 





GeneralTG.com Review: Open your first Forex brokerage account

Opening an account with the Forex brokerage platform is very crucial. It is the first step that you need to take in order for you to start your journey.Forex brokerage platforms need to ensure that this step is the most easy one. If the traders find it difficult to open an account, then they will not be encouraged to trade further with this brokerage platform. GeneralTG.com is very much aware of this fact and it is the reason why they have made their account opening process very simplified. As per the GeneralTG review, all you need to do is fill in the details, activate your account and submit your documents for you to start with the account. 

In this article, we are going to deep dive into the account opening process with this brokerage platform. Moreover, we will also take a look into the different documents that are required for you to open the account.

Let get started.

Account opening process at GeneralTG

While you’re going forward to open the account with this brokerage platform, the first step is to click on the sign-up option in the top right corner. As you click on the sign up option, you are redirected to a page where you have to enter details of yourself. The details include the complete first name and last name, followed by your e-mail ID and the phone number. The e-mail ID and phone number are very crucial as they are going to be contact details. Make sure that you are entering the right country code and your country as different countries have different trading laws.

Once you have entered all the above details, ensure that you click the checkbox for the age and consent. Moving further, all you have to do is click on the register now button. As you click on the register now button an activation mail will be sent to your registration ID.

The activation mail contains the details like your registration ID and your password. Moreover, it also contains an activation link wherein you have to click in order to activate your Forex brokerage account. As you click on the link, you are redirected to the activation page which confirms your account. 

Congratulations, now your account is open for Forex trading at GeneralTG.

List of documents needed for trading with GeneralTG

Now that your forex brokerage platform is activated the next thing is to get the approval for trading on it. To get the approval for the same, you need to share the list of documents as below:

  1. Personal identification card which is issued by the national government and having a legible photograph.
  2. National and international passport of yourself.
  3. As proof of residency, you have to submit a utility bill with a current address that is 3 months old or the bank statement with your current address.

After you submit the above documents, then you are one step closer to making your first trade with GeneralTG. Make sure that the documents are valid and authentic – which will make your account approval even faster. 






LiteGraphs.com Review: Make your own 5-Step Trading Plan

Developing a winning trade in a brokerage platform is very crucial. A winning trade often requires a lot of planning that goes into it. Experienced traders will find it easy, but the forex market has both beginners and professionals. And every experienced trader was once a beginner. For beginning traders, an account manager often helps in finding out what is the winning trade for you. LiteGraphs has a wonderful collection of experienced account managers who are ready to help you accelerate in your trading journey. LiteGraphs review has been quite positive regarding the guidance provided by the account managers. 

Selecting the right trading plan – can be done by yourself too. If you want to be guided by professionals in making the trading plan with you, LiteGraphs is the perfect brokerage platform for your needs, if you are looking for mentorship as you build your own trading plan. 

Making your own successful trading plan with LiteGraphs

Making your own training plan is everything that you need to do to get started with Forex trading. Here are the top five steps that you should follow in order to make your own successful trading plan:

 

 

  1. Get an understanding of your trading goals: Your trading goals are very important. Not only do they help you to understand how you want to reach your ambition, but it also decides the process of how you’re going to do it. Using the SMART method for goal alignment can be crucial in deciding your goals.
  2. Know your trading style: Your trading style will help you to find out if you’re a long term, short term or medium-term trader. Moreover, if you are having an understanding of how you trade, you can also find out if you’re a bull or a beer in the market. Understanding your trading style would also be aligned with the capital that you have in order to enter the market. 
  3. Find a mentor: Finding a mentor while you are in your trading journey is very crucial. Now, if you’re looking forward to having a mentor, then, LiteGraphs is the perfect place for you. The account manager is always ready to help you out, their mentorship program has been very fruitful as per the review too.
  4. Analyze the market movements carefully: While you’re deciding to create a trading plan, it is very crucial that you analyze the market movements too. Analyzing them does not only mean tracking it, but also to go deeper into what could be the potential reason for a particular price change. Price action Theory becomes very crucial while they are going ahead and deciding your own trading plan.
  5. Know how much you can risk it: Risk tolerance is very crucial when it comes to trading in any market. Understand your risk-taking ability and the capacity to which you can take the hit. A clarity on the same will only make things simpler for you!

Bottom line

The right brokerage platform will help you to be an independent trader. LiteGraphs ensures that the clients are not only capable of trading their best, by putting their best foot forward – but are given the best features for them to make the right trading move. Sign up with them right now to experience the best trading journey. 

EconomyPair.com: Experience the highest leverage in Forex trading

The leverage is very important when it comes to trading in the Forex market. With the help of leverage, large trades can be taken even if the capital invested is less. It is for this reason that every Forex brokerage platform is looking forward to offer excellent leverage options. Yet not many of them are quite flexible when it comes to offering it. EconomyPair.com is revolutionizing the way brokerage platforms offer their leverage. There are multiple leverage options available from which the traders can select their own. As per the EconomyPair review, the clients have praised the brokerage platform’s approach to making trading so simplified. 

In this article will discuss at length about how the leverage is a crucial part in Forex trading. Moreover, we will try to understand the basic features that this brokerage platform provides which make it special. 

Why is leverage so crucial?

When it comes to Forex trading, not everyone who enters the market is cash rich. It takes a lot of investment to make a position in the Forex market. But if you have the art of manipulating leverage, then you can go ahead and make great trades at a lesser amount. This is what exactly pro traders do.

Now, how does leverage work?.

Suppose that you are having a cash of $50 at this point in time. And the trade you’re looking forward to make is worth at least $150. Do you think you’ll be able to take up the trade?

At first instance, your answer would be: No. 

But what if I tell you that you can actually take up the trade with just half of the amount invested? Yes, you heard me right. That is the power of leverage. With just $25 invested, you can take a trade worth $150 seamlessly. Isn’t it really amazing?

Let us look at some more features that make EconomyPair truly worthwhile. 

Why is EconomyPair so awesome?

Here we list down five crucial features that make EconomyPair.com truly indisputable:

  1. Truly diversified leverage options available for every trader. There are different account options that are available for selecting preferred leverage.
  2.  24 hour availability of the customer service team to ensure no complaint is unheard. 
  3. Easy account opening process that makes trading at EconomyPair very exciting
  4. Reliable account managers to help you select the right trade when the market is not on your side. 
  5. Multiple account types to choose from based on the trading goals.

Trading in this platform is really one of the best aspects of Forex market. The technical analysis tool is really very intuitive, which makes trading truly simplified. Going through the market dynamics can be quite challenging, but with the technical analysis tools available, it is truly awe-inspiring. 

Bottom line:

Leverage is a very crucial thing when it comes to trading in the Forex market. Yet with the right brokerage platform, you can always stay a step ahead. EconomyPair gives you the added advantage as a trader, which makes it really the first choice for every trader. Start an all inclusive account with them right away and experience the best in your trading journey. 

What is a forex spread, and how does it operate in the UK?

Forex trading spreads are the difference between the buying price of a currency and its selling price. Forex traders buy currencies when they believe their value will increase and sell them when they believe their value will decrease. Because different factors affect the prices of different currencies at different times, forex traders must constantly monitor global markets to take advantage of this price movement.

Several vital components help determine the pricing for each currency pair traded on the forex market. These include supply and demand, interest rates, inflation expectations, political events, economic growth statistics, financial stability picks/jolts (such as bank failures), central bank interventions such as rate changes or direct market purchases/sales of foreign currency, economic indicators and a variety of other factors.

In the UK, forex traders generally use the services of a commercial bank or an independent trading company to execute their trades. These institutions take on the role of the market maker by purchasing and selling currencies at different times throughout the day to maintain liquidity for investors. In exchange for these services, they typically charge a commission and a small fee based on the spread between buying and selling prices, which is how these institutions make money.

Forex spreads vary greatly depending on which currency pairs are being traded and when those trades are executed. In general, however, you can expect much lower spreads at off-peak hours than during regular business hours or peak market volatility periods such as the New York close. Some traders also elect to use automated trading software that uses complex algorithms to buy and sell currencies at the most advantageous times, further improving their trading results and minimising their exposure to unnecessary risks.

Using forex spreads in the UK

In the UK, forex spreads tend to be higher than elsewhere in Europe or North America, and this is due to several crucial factors, including increased competition among brokers and tighter government regulations on financial markets. Despite these challenges, forex traders can still find opportunities in the market by choosing an effective trading strategy and working with trusted brokers who have established reputations for providing high-quality customer service.

What is technical analysis in forex trading?

One popular approach for minimising risk while maximising returns is known as technical analysis. This type of trading involves studying historical data and market patterns to identify forex trends and predict future movements in the prices of currencies. Technical traders often use complex computer models, but many successful traders rely on more intuitive methods to make their decisions.

How to use positions trading in forex

Another strategy that can effectively reduce risks and make good use of market movements is known as position trading. With this approach, a trader will hold a long or short position on a currency pair for several days or weeks, depending on the market conditions. Position trading requires patience and discipline, but it can effectively minimise losses and let you identify new opportunities in the forex market in the long term.

Are there any risks associated with using forex spreads?

Although forex spreads can offer traders several benefits, some risks are associated with this type of trading. One potential pitfall is the high level of leverage many brokers offer, making it easier to lose more money than you intended, so choosing your broker carefully and managing your risk is essential.

Additionally, sudden shifts in market conditions can cause significant losses if you need to prepare for them. Traders can protect themselves against these types of risks, and it’s essential to do thorough research on the strategies you plan to use and always stay up-to-date on current events that could impact the markets. 

Overall, forex spreads provide an effective way for traders to increase their returns while reducing their exposure to risk, making them an attractive option for those traders who want to get involved in the exciting world of forex trading.

The bottom line

Whether you are just starting with forex trading or are an experienced trader, choosing a trading strategy that fits your goals and abilities is essential. To learn more about forex spreads, technical analysis, and other strategies for successfully navigating the forex market, speak with a knowledgeable broker or visit online forums for traders in your area.

Forex No Deposit Bonus 2022 Explained

Forex no deposit bonuses are rewards given to new customers for creating an account. They are good as they sound, completely free, and don’t require any deposit. On Olymp Trade, this type of offer is quite popular in many countries, including Malaysia, Indonesia, and South Africa, among others.

What is forex no deposit bonus?

Let’s understand no deposit forex bonus in its simplest way. Forex no deposit bonuses are promotional funds credited into your account to allow you to start trading without using your own cash. It provides traders with an exciting opportunity to make profits without any risk. Think of it as a free incentive to help traders familiarize themselves with the forex market.

These offers are usually awarded to new customers upon the creation of an account. They are popular with traders, particularly those who have little cash to trade with forex.

There are plenty of brokers out there who offer forex no deposit bonuses. The first step to claiming these free promotions is registering an account with your favorite forex broker. Then the forex broker will credit your account with the bonus they offer.

The amount offered depends from broker to broker. It can be as little as $5, but you can find other brokers offering up to $100.

A Guide On How To Select The Best Forex No Deposit Bonus

Forex no deposit bonuses are best suitable for a new customer to enjoy live trade without making any deposit. But finding the best forex broker is quite challenging. Thankfully, this no deposit bonus forex review will get you started. But before we jump in, let’s understand how to apply for a no-deposit bonus.

How to claim a no deposit bonus

To claim a no deposit bonus, you need to create an account with a forex broker and then choose the currency that best suits you. Common currencies include USD, EUR, AUD, GBP, and others. However, the size of the bonus you will receive depends on the broker you choose and their current offer.

A no-deposit forex bonus helps you to get started in forex trading. Just don’t make reckless trading decisions because this money was offered to you for free. In fact, a no deposit forex bonus doesn’t come with a catch. There are strict trading requirements traders need to fulfill before withdrawing the accrued profit.

Terms and conditions

Forex no deposit bonuses come with terms and conditions which traders have to meet. They include:

  • The bonus is offered to new customers with real trading accounts
  • The applicant has to verify his/her personal identity
  • The offers are available to customers who have met the promotion eligibility criteria. These include age, country, etc.
  • The size of the bonus varies from one broker to another.

Steps you need to follow to claim a bonus

  • Create an account with the broker
  • Log into the account
  • Upload documents for verification when needed
  • Claim the bonus

What are the benefits of a no-deposit bonus?

Here are some of the benefits a no deposit forex bonus offers:

  • It provides traders with a chance to acquaint themselves with forex trading
  • You can trade with these funds and earn money
  • They offer an exciting chance to test trading approaches
  • They are free funds to trade without having to fork out your own cash

How to find the best no deposit bonus

Below are tips to help you find the best no deposit forex bonus.

Research

Today, nothing ought to be done without research. In fact, you will be amazed at the number of hits you will find if you type “forex no deposit bonus” into your search engine. Read online reviews about the broker you are just about to sign up for.

Ask for recommendations

Finding the best forex broker is quite challenging, especially if you are new to the forex world. For this reason, don’t be afraid to ask for recommendations from other forex traders.

Read terms and conditions properly

Learn the terms and conditions in advance and know whether they are convenient for you or not.

Conclusion

Creating an account with a no deposit bonus helps you begin trading without risking your own money. The above-listed companies can allow you to trade multiple assets, including forex, and stocks, among others. Remember, each broker has specific terms and conditions attached to these trading rewards.

Why do brokers have different types of accounts?

A brokerage account is a gateway to the world of investment. For trading on international markets – buying currency, stocks, bonds and other operations – it is a necessary tool without which it is impossible to conduct transactions. Accounts can be different, and which one is suitable for a particular client depends on the investment objectives. At the same time, a lot of customers want to find out why there are so many types of accounts. In this article, we will have a deeper look at this topic. 

Different Types of Accounts

Before we start to explain why there are different types of Forex trading accounts, first we need to have a look at what accounts are available. There are four main types of accounts. 

Account for Independent Trading

The first one is for independent trading. It is suitable for those who trade in the stock market themselves. As a rule, such accounts have the lowest commission on transactions. And the more funds there are, the lower it is. You can learn how to trade on your own by attending group or individual courses on the stock market.

The same can be said about Forex trading. Accounts for independent trading are somewhat similar to live accounts. The majority of brokers might offer even 5 different types, where conditions could be different. For example, this XM ultra trading account differs from its counterparts, by more appealing conditions, support and trading platforms. The more trading accounts are available – the better for brokers and customers.

Account for Consulting Support

The second type of account is with consulting support. That is, the client uses the advice of a broker, but at the same time performs the operations himself. A personal advisor advises on the entire spectrum of financial assets, monitors news and current investment ideas, monitors portfolio positions, controls risks and gives recommendations on adjusting positions. These invoices have an increased payment due to consulting support. 

Trust Accounts

The third type is trust accounts. They are suitable for investors who do not have free time or desire to work in the stock market, but are willing to entrust their funds to professionals. The commissions for such accounts are comparable to the consulting ones. The difference is that decisions on transactions and all operations on the market on this account are made by the manager. The owner receives reports by e-mail or in his personal account and sees what operations were carried out and what results were obtained. For brokerage accounts of trust management, the broker receives remuneration for success and its size depends on various factors (from 15 to 60% depending on the company). This is the most profitable type of account. On average, the most affordable target is 15-25% per annum, high returns are possible and depend on the client’s willingness to take risks.

Individual Investment Accounts

The fourth type is an individual investment account. This is an interesting product. Within the framework of IIS, all the possibilities of a standard account are available, including independent, consulting and trust management. But the main highlight in tax breaks is that an investor can either exempt profits from income tax, or receive a tax deduction.

Why Do Brokers Offer Different Accounts?

There are a lot of reasons why particular brokers might offer various trading accounts to their customers. Below, we will have a look at the most important ones:

Different Conditions

Imagine, you register on a broker’s website. There are different types of accounts. First of all these accounts have different trading conditions, such as spreads, leverage and minimum deposit. If you are an already established trader, with decent experience, you would choose the one with the best possible conditions. Novice traders would go for something easy.

Training

When we talk about demo accounts, they help traders to train in a virtual environment, where there is no possibility of risking real funds. With that being said, if you do not know what to do, a demo account is a perfect way to understand the basics and improve the whole trading process, as well as test new strategies.

Islamic Account

Islamic account is also a type of account, which is directed specifically towards traders that practice the Islamic faith. According to Sharia laws, there are some restrictions on trading, hence brokers offer swap-free accounts to Muslims. This type of account is widely used by people worldwide, and it is difficult to find a broker, which does not have the following account.

Tips To Identify Forex Broker Scams

Late last year, the FBI made their largest catch yet – 47 illicit Forex operations that had previously caused traders to lose millions of dollars. 

Among those targeted in the FBI’s most recent global sting operation were financial institutions of various kinds as well as private investors. Even when divided 47 ways, “millions of dollars” still seems like a substantial sum. But take into account that the worldwide Forex market transacts $5,1 trillion per day. 

Considering how many transactions are taking place daily, across different international boundaries all over the place, it seems sensible that the seas are full of “a lot of sharks,” as U.S. Attorney General James Comey recently warned reporters. 

You should keep in mind that at any given time, the market might erupt and spew lava all over your cash. You should also be aware that every investment with significant risks also has the potential for huge profits. Also, it should be noted that as the Forex market is the world’s largest financial market, there are many scammers who want to misappropriate investors’ money. In order to prevent those kinds of malpractices while trading Forex investors need to be careful. What, then, are these so-called Forex scams? Because trading in the forex market, also known as the foreign exchange currency marketplace, is such a dangerous and unpredictable venture, it has been dubbed a hoax on occasion. The kindest thing investors can say about Forex is that it resembles gambling more than “real” investment, although even this is harsh. 

 

There are several ways to identify Forex broker scammers, including Forex broker reviews, like XM Forex broker review which allows investors to get more information about the regulations of the brokers and the way the service providers work. In this article, you can get more information about Forex scams and how it works. It’s interesting to know for what reasons are there so many scammers and fraudsters working in the Forex industry? For obvious reasons, such as the great potential for payoff. In other words, why do criminals choose to operate in the frantic, hectic, unpredictable Forex market rather than other, more steady, staid investment and trading venues?

How Do Forex Brokers Scam Investors?

Traditional forex scams and developing scams are the two main types of forex fraud. Data security may serve as a good comparison in this situation. When it came to stealing confidential information, thieves had only one option: break into the building where it was being stored and take the physical copy files!

Data breaches are being reported on a regular basis, and the vast majority of them occurred online. Cybercriminals don’t even have to leave their sofa to steal confidential information that’s half a globe away. Scams that adapt in reaction to new technology or FBI raids are known as evolving scams. For the sake of this article, we’ll examine each form of forex scam one by one.

A list of bogus forex brokers or a list of the worst forex brokers would be fantastic. Scam Forex brokers, on the other hand, change their names, identities, and virtual locations on a regular basis.

Using a stop-loss order, stop hunting is a frequent risk management strategy in the world of investments. An order with a stop-loss condition isn’t limited to foreign exchange trades. It’s fairly frequent across a wide range of investment categories.

The point-spread fraud is a “classic” that may be seen in many other kinds of investment trading, not only forex.

In order to pull off the point-spread scam, brokers adjust the spread between the bid and ask prices using the forex platform. This raises the broker commission and eats away at any gains made by the unwary forex trader. While point-spread forex scams aren’t as common as they previously were, it doesn’t mean they’re gone.

Another traditional Forex scam is the signal-seller scheme, which is practiced not only in the world of forex but also in other industries. According to the scam’s theory, certain people (human or automated) are “Forex experts,” and they are privy to information regarding currency pairings, Forex patterns, and market movements (the “signal”).

A forex broker will only acquire access to churning-type activity if a customer enables the broker to trade on the customer’s behalf (for example, by signing a discretionary agreement). The forex broker may then say they were only doing their job and blame the client’s losses on the usually turbulent currency market.

It’s important to remember that churning is difficult to detect and much more difficult to demonstrate. Nevertheless, if the fraudster is discovered and proved guilty, he or she will be subject to hefty penalties and SEC repercussions. Meanwhile, you’ll have to come up with creative ways to make up for the financial damage caused by churning.

Scammers that prey on the currency market are evolving along with it. FX fraudsters have had plenty of new chances open up with the emergence of online forex brokers, automated digital algorithms, and computer technology. However, you may be shocked to learn that only some of the most recent and sophisticated forex scams make use of sophisticated technology to achieve their objectives.

 

Signs That You Need to Close a Trade

In forex trading, timing matters greatly. As a forex trader, there comes a time when you need to exit the forex trading and pick your profits or close the trade to avoid further losses. When you enter the position too late, you will end up missing the price movements you could use to maximize your profits.

Timing is also essential when you want to exit trading. When you do it early, you will miss out on additional pricing that could maximize your profits, while when you hold too long, the price can reverse, crashing down your earnings. It is crucial to be aware of the time, close the trade when appropriate, and enjoy fattened profits for your capital. Here are some signs you need to close your trade. 

Failed Price Swings

Markets do not trend every time. In most cases, they only do about 15 to 20 percent of their trading time, depending on the commodity. Most are caught in trading ranges most of the time. Having string ranges in both ends helps to consolidate price changes, lower volatility levels, and helps to maximize profit-taking.  All these lead to a healthy trend development. 

A trading range will become top or bottom when it exits a range in the opposite direction in a trading swing.   In most cases, price ranges will give warning signs of a trend range when it breaks down as expected but reverse quickly to its range boundaries. 

These failed breakouts algorithms usually target short-sellers and uptrend investors.   When there is a failed breakdown or breakout stage, it is time to exit a trade, picking your profits or losses, and wait until the price exceeds the low of breakdown or the highs of breakout. You can make a re-entry since the failure is no longer there, and the underlying trend is resuming.  

Have exit indicators

It is crucial to use exit indicators to help you know the right time to exit the trade. Some of these forex trade indicators include: 

  • Stop-Limits: This strategy enables you to prevent losses when the price movement does not go your way. It is also a tool that will protect you from impulse decisions that will cost you your trade.
  • Average True range: These are indicators that will limit or stop some market behaviors. It helps you have stops and limits that will enable you to exit the market without further losing your capital. 
  • Relative strength: This strategy helps determine whether the currencies you have paired have oversold or got overbought in the stock market. It enables you to decide whether to continue or close your trade. 
  • Moving average stop:  This is a simple indicator used by experts and beginners. It helps to indicate a sell situation while recommending whether to stay or close the trade. 
  • Scaling an Exit: This strategy is used with other indicators and signals when a trade has moved into a profit zone, where traders can sell and exit the trade. 

High-Volume Days

 

It is vital to track the average daily volumes in at least 50 to 60 sessions and mark the trading days with three times the average volumes or higher. Higher volumes are good when they occur in the direction of the volume and are bad when they follow the opposite direction.  Such happens when the swings tend to break a notable resistance or support level. You have to check on this and close your trade where possible.

Uptrends in trading sessions will need consistent buying, while the downtrends will require consistent selling pressure. High volumes in opposing directions undermine accumulation-distribution patterns, which signal a profit-taking session in value buying in a downward trend. 

It is also essential to watch the climax days that stop trends if you want to close your trade. These sessions grow at least three to five times the average daily trading volume on wide range price bars, extending to new lows on a downward trend and new highs on an upward trend.

Moving Average Crosses and Trend Changes

A 20-day short term, a 50-day intermediate, and a 200-day long term moving averages will give you an analysis of whether to close your trade or not by looking at these moving average lines. In long positions, a danger arises when the 20-day short-term average descends from the long-term average. In short sales, the danger arises when the short-term average ascends on the long-term average.  

Besides this, price action also affects how and when you can exit your trade.  When the intermediate moving average price changes from higher to the sides in long positions and stays lower on short sales, that will be a red flag. It prompts you to close your trade.  It is not recommended to stick around and wait for long-term averages to change. The market can flatten or remain dead for the longest time, thus limiting your opportunity costs. 

It is not easy to close a trade, especially when you have high expectations over it. However, there comes a time when there is no other option than do the necessary. When you use the above indicators and strategies, you will know the red flags which help you exit the market with profits or fewer losses.