The Professional trader uses the channels resistance for selling the pair and buys at the channel support. In the above figure a nice "descending channel" is drawn in the EURJPY pair. Traders wait patiently for the price to reach the channel...
Also, a trading procedure may contain some cash service tenets or rules. A few procedures (e.g. Martingale) can be revolved entirely around position estimating systems. Aside from the passage/leave rules and discretionary cash service rules,...
Read books on psychology: Most of the retail options traders fails to make money because they trade with their emotions in the market. But if you trade the market with your emotions then you will never become successful options trader.
The Professional trader uses the channels resistance for selling the pair and buys at the channel support. In the above figure a nice "descending channel" is drawn in the EURJPY pair. Traders wait patiently for the price to reach the channel...
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