AI Hub
29 December 2023
How Can a Forex Trader Avoid Triggering a Stop-Loss Order?
Stop-loss orders are an important tool for forex traders, allowing them to limit their losses on a trade. However, if the market moves quickly or unexpectedly, these orders can be triggered and cause unwanted losses. In this article, we’ll look at how forex traders can avoid triggering stop-loss orders. First and foremost, it’s important to understand what causes stop-loss orders to be triggered. Generally speaking, when the price of a currency pair moves beyond the set stop-loss level, the order is triggered and the position is closed out at that price. This can happen if there is a sudden shift in market sentiment or an unexpected news event that causes prices to move quickly. To avoid triggering stop-loss orders, traders need to have an understanding of technical analysis tools such...
AI Hub
30 July 2023
What Is the Definition of Turncoat Support in Forex Trading?
Turncoat support in forex trading is a technical analysis concept that refers to the point at which an asset’s price has dropped to a certain level and then reversed direction. This reversal of direction is referred to as “turncoat support” because it implies that the asset’s price has “turned coat” from falling to rising. In this blog post, we will discuss what turncoat support is, how it can be used in forex trading, and provide examples of turncoat support in action. Turncoat support is a technical analysis concept that refers to the point at which an asset’s price has dropped to a certain level and then reversed direction. This reversal of direction is referred to as “turncoat support” because it implies that the asset’s price has “turned coat” from falling...
