The greater your chance of profiting from it

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But besides being a fairly profitable strategy and fairly easy to implement, it is also difficult to predict. It is also dangerous due to market conditions, changes in constant support and resistance levels, and hundreds of other expected and unexpected factors. It is also possible to fall into the trap of false breakouts, like most beginners: simply the momentum disappears immediately and the price returns to its normal direction.

The number of which exceeds the number of real breakouts in the Forex Phone Number Data market. 10. Retracement Trading Retracement or correction is a term that refers to a temporary change in the price movement before it returns again to its normal direction, and it is the main element in this Forex trading strategy. A retracement differs significantly from a reversal. A reversal, unlike a retracement, expresses the end of the current trend and the beginning of a new trend, and it has a significant impact on the price, unlike a retracement. The distinction between these two is the core of this strategy, as it is what will make you make the appropriate reaction.



And it can be distinguished between them through some forms of technical analysis such as Fibonacci retracements and others. In this strategy, traders carry out some operations in order to make the most of the bounce or reversal, whether by ignoring, quickly exiting, or trading in the opposite direction. Of course, the danger of this type of trading appears in the incorrect description of the market being in a state of rebound for a short period or a reversal that completely changes the price direction. It is very difficult to differentiate between them, especially in the initial stages, so it is not recommended for beginners, but it remains a profitable strategy and worth trying.