Let’s Talk Forex with Alison and Chris
Business:Investing
A breakout occurs when a currency pair's price moves outside a defined support or resistance level with increased volume. It is a popular trading approach used by traders to take a position within a trend's early stages. This strategy is often the starting point for large price moves and increased volatility. In this episode, Alison and Chris discuss how you can identify a breakout, how to confirm that they have occurred, and how to manage your risk.
Link to YouTube short on Trading Breakouts: https://youtube.com/shorts/G46GV4PYn0c?feature=share
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
Execution - Non Dealing Desk Brokers
Execution – Market Makers
Avoiding Beginner Mistakes - Part 2
Avoiding Beginner Mistakes - Part 1
Why are some brokers better than others?
How to tell a scam from a serious Forex broker - Part 2
How to tell a scam from a serious Forex broker – Part 1
Head to head: Exness vs XM
Read the fine print - Non-trading fees
The cost of trading
How to pick your trading platform
How to minimize risk when trading forex
Why should you trade with a regulated broker?
The fundamentals of trading
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