Profit By Taking Advantage of Small Corrections When Running Prices

The price of a product is always moving, especially if the trading volume of the product is high. Forex, as a financial product with the highest trading volume in the world, has very volatile price movements. This high volatility can be a challenge for novice traders.

Often traders analyze if the price will experience a correction but what happens a few minutes later is not a correction but a rally. This is sometimes stressful and raises doubts whether this is a correction or not, for fear of being trapped again.

Corrections that occur do not always occur suddenly. Sometimes this relates to different times it can happen in a trading day, week or month even in a quarter. By paying attention and knowing the times when this correction occurs, it can help traders a lot in trading.

The characteristics of a correction will occur, which is usually preceded by a strong movement or rally or sharp price movement. This sharp movement usually occurs at the beginning of the opening of the European/London session. Sharp movements also usually occur at the close of the European session, and this is when the reversal occurs.

This is because usually several large speculators will close their positions at these times and take profit (taking profit). The same behavior usually occurs at the end of the new york session, although in a not-so-large number.

This is because usually several large speculators will close their positions at these times and take profit (the term is profit taking). Others close their losing positions. The same behavior usually occurs at the end of the New York session, although in a not-so-large number.

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