In order to trade the markets effectively and profitably, you need an edge. That edge is usually a carefully crafted strategy. A strategy, by definition, should enable you to take advantage of opportunities while avoiding potential threats.
Forex trading is complicated, sure, but like every other great investing market in the world, it could represent huge gains if you do it properly. As the old saying goes, no pain, no glory; knowing how to become a successful Forex trader could be the game changer in your life.
Forex trading is more than a regular business; it is partially an art, partially a science, but never just pure luck. Everyone can make himself a successful Forex trader, especially with wise guidance at the beginning of this long, but rewarding path.
Horizontal and vertical lines are valuable objects in forex. They help traders make sense of market randomness. Horizontal lines show traders important support and resistance levels, whereas vertical lines help traders understand market cycles better. We will try to explain below how to identify where to draw those lines, how to draw them, and how to trade them.