π° What is Forex?
Forex (Foreign Exchange) is the global market for buying and selling currencies. It's the largest financial market in the world, open 24/5.
π Beginner Strategy: Trend + Candlestick
- Step 1: Use a demo account to practice (MetaTrader 4/5)
- Step 2: Identify the market trend (uptrend or downtrend)
- Step 3: Wait for a candlestick pattern (like Engulfing or Doji)
- Step 4: Confirm with RSI or MACD
- Step 5: Enter trade and set Stop Loss & Take Profit
π―οΈ Top Candlestick Patterns to Use
- Hammer
- Engulfing
- Doji
- Morning Star
- Evening Star
π‘ Tips to Succeed
- Always use a stop loss
- Risk only 1-2% of your balance per trade
- Trade only when there is a clear setup
- Donβt trade news if you're new
- Keep a trading journal
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