- This topic has 3 replies, 4 voices, and was last updated 9 months, 2 weeks ago by
.
-
Posts
-
Elliott wave analysis of EUR/JPY for March 10, 2017
Wave summary:
EUR/JPY continues to higher toward the next upside target seen at 122.90 on the way higher to 124.20 and possibly even closer to 125.53 before wave 3 is complete. Short-term, we will ideally see minor support at 121.89 being able to protect the downside for the continuation higher to 122.90 and above.R3: 122.90
R2: 122.53
R1: 122.25
Pivot: 122.00
S1: 121.89
S2: 121.75
S3: 121.25Trading recommendation: WE are long EUR from 119.86 and will move our stop higher to 121.20. If you are not long EUR yet, then buy near 121.89 and use the same stop.
Broker is an important element in forex market. A trader has to choose a broker to trade in a forex market. Earning profit mostly depends on a broker and its rules and regulations and the features of them. I choose Tpglobalfx as my broker. It gives low spreads starts from 0.01 pips. It gives leverage up to 1:500. It helps me to make difficult decisions trading. I am very pleased with their service and trading system.
In forex market there are so many brokers. Some are good and some are bad. Every traders always try to gain maximum profit from the market. But a major part of this goal depends on the broker. It is very much needed to identify which broker is good and which one is bad. When I was choosing my broker to supervise me in my trading I basically searched that kind of broker which is going to give me highest leverage and which has the lowest spreads and ease to trade. After searching long time, I got Tpglobalfx, which has all these features. Till now I am gladly trading in forex market with the help of them.
Forex is very risky but trading with proper trading knowledge and good risk rewards is less likely to result in losses. Forex possibility market so it is normal to lose here. We have to maintain this loss and move forward with learning from the loss. And you have to follow risk management and money management all the time in trading. I trade in Forex4you brokers. I am fascinated by their service and honesty.
- You must be logged in to reply to this topic.
