A lion spends most of its day sleeping in the shade. It conserves energy for its next hunt. This way, he can plan his next move before the rest of the herd arrives. You should do the same. However, you need to know when to enter and exit a trade. Fortunately, you can learn to be a successful trader through trading articles. Learn how to trade like a lion.
Like a lion, a forex trader must have a certain mindset to make it big in the market. A lion trader must have strong motivation, family, and security. He must also be patient, have courage, and be committed. A lion trader must know what he can do and have faith in his own abilities. He should take action at the right time and not waste energy on trading strategies that don t work.
The main indicator of the Lion Trader Pro system is the Volty Channel stop. The Volty Channel stop appears both above and below the chart, guiding you to enter and exit trades. This customized version of the MACD is more smooth than typical charts. It is designed to automatically analyze the market without outdated indicators and can identify possible future trends. The software s maximum precision backtests indicate a high payment rate and resistance to unexpected market events. A downside of this product is that it supports only GBPUSD and not other pairs.
The Lion Financial Group offers three types of trading accounts: standard spread, ECN, and STP. Standard spread accounts require a minimum initial deposit of $200 and maximum trading leverage of one:400. ECN accounts require a minimum of $20,000 and can have as much as one:200 leverage. A lion trader must be cautious when choosing the type of account to open. The Lion Financial Group has a dedicated team of experts that will help you navigate the market and make informed decisions.
In a nutshell, Forex Lion Trading Strategy is a trend following strategy that uses six technical indicators. This makes for more efficient trade filters and is highly versatile. It works for day and scalping, and it works on any timeframe chart. It also has a free trial version available so you can try it out before investing your money. Its free trial period is only seven days long! You can also download part one and three of the lion trader forex manual.
Another pending order is the Stop Loss. If the harga does not reach the preset level, the Stop Loss will kill the order. Thus, you will lose all of your investment. The Take Profit is the opposite of Stop Loss. If the harga meets a certain level, the Take Profit is triggered. However, if the stop loss is met, the trade will automatically be closed and no loss will result.
Dirk Dawson breaks down the FX market s technical characteristics and explains its practical aspects. These factors can be beneficial or detrimental to your trading career. For example, you can avoid overshooting, trading data releases, and the twenty-four hour trading day. By understanding these factors, you can maximize your potential to succeed and avoid the common mistakes most beginners make. So, if you want to learn to trade like a pro, Lion Trader Forex is the best way to get started.