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A shift in market direction may be signaled by a consuming (engulfing) candle. To initiate a trade, consider using the engulfing candle as a setup and confirming the move with a moving average crossover. A logical stop loss placement is just below the engulfing candle’s low. As the trade progresses, trailing your stop loss beneath each subsequent candle allows you to lock in profits. This strategy helps maximize gains while minimizing potential losses, offering a disciplined approach to trade management.

  What exactly is forex? is forex trading a scam? Foreign exchange is referred to as forex. With trillions of cash transactions per day, the foreign exchange market is the biggest in the world. However, a number of situations, including wars and natural catastrophes, cause the exchange rate to fluctuate significantly. Two currencies and their price fluctuations are part of forex trading. Traders buy and sell linked currency pairs in an effort to turn a profit. Brokers handle all trades, but regrettably, some of them are dishonest and may attempt to defraud you. This article identifies potential scams and explains how to stay away from them Red flags to watch for Because unregulated forex brokers are not subject to financial authorities’ regulation, there is a greater chance of fraud, unfair practices, and a lack of transparency. Although these brokers may present alluring terms, traders run a serious risk of losing their money by dealing with untrustworthy platforms,  how to c...

This is the first attempt at a blog page associated with my website. The blogs posted here are intended for new beginners to forex trading or the novices that are struggling to succeed in their trading endeavors. I will be providing useful tips and insights into the complex world of forex trading. Going forward, I will be posting on a regular basis all I have learned over my past 7 years of forex trading.    I will reply to any questions you may have. Just fill in the comments section below.                     TIP FOR TODAY       Free Forex Trading Competition. Gain experience and win cash now. A Forex trading competition allows you to trade risk-free while giving you the opportunity to win cash or tradeable money. Competing gives you the chance to improve your trading skills without the stress of losing your money. Why should I enter a competition? Competitions can be entered for free: ...