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How to enter the forex market on the right trend

Sharefounders broker, reviews from traders proves that the main thing is to exclude false breakdowns - the sudden price jumps along the trend line, which does not signalize about the reversal.


Sharefounders broker, reviews from traders proves that the main thing is to exclude false breakdowns - the sudden price jumps along the trend line, which does not signalize about the reversal.

Today we are not discussing the first steps of the new trader in the forex. Sharefounders prepared this article for traders, who have already mastered the basics of trading on the currency market. There traders are ready to develop their trading strategy. This article is helpful for those who have already got a basic knowledge of the terms and laws of the currency market. To use the article, you should understand the concepts of upward and downward trends, trend reversal, support, and resistance levels, as well as the volatility of the currency market.

So, as an experienced trader, you should know that “to enter the market” means “to open a trading position”, or a trade deal. The entry point, or the timeliness of a position, affects the profitability of the transaction. Of course, it is not the sole factor that influences profitability. An exit point, or time of closing a position, as well as tracking, is also essential for profitability. If you enter the market correctly, you have a higher chance of closing a position with a profit, without claiming Sharefounders scam. By the way, the principles of entering the market are approximately the same for the forex market and stock market and commodity exchange.

Let’s consider several ways to enter the market: trading in a trend, against the trend, trading on a flat trend, and trading on breakouts. Each type of entry has its advantages, but it is also worth remembering about the pitfalls. If you ignore them, there is a considerable chance of losing your money, which will lead you to the erroneous conclusion that Sharefounders scammers. Therefore, at any market entry, we recommend setting the order limits that close the position when the price reaches a certain level.

 

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Does Trend Trading Work ?

This question arises a lot among Sharefounders forex clients.

Don’t you doubt it, trend trading works for sure, several richest people of the globe has become that reach with it.

If you want an example, a well known in UK guy named John W Henry made enormous amounts of money from trend trading like a common Share founders forex trader.

You might have heard his name before, if you love soccer; he’s actually the owner of Liverpool footbal club, which he brought for £300 million from previous owners. Most of that money was from his successful deals at his trend trading company.

At the peak of its activity, his trading firm (akin to Share founders broker) gathered £ 2.6 billion for his client partners worldwide. Do you even need more evidences regarding the question “does trend trading work”? Just think about it, someone had the possibility to buy and entire football club from his trend trading profits, working with someone like Sharefounders broker. Scam? I guess that fact kinda hints you in correct direction.

But what Is The Trend ?

To put it plain and simple, like in Sharefounders broker reviews a trend is a market movement in certain direction extended for prolonged period of time.

It’s existence is dependant upon psychological biases that people tend to have, and the first one is called Herding.

Imagine a situation when a Sharefounders forex market was going down for some time. In this occasion traders will expect it to continue falling for some time, and on that assumption they will begin selling in expectation of lower prices. This will cause the price to go even lower, and more Share founders forex traders will begin selling their assets.

Second one is called Confirmation Bias

 

People always try to rationalize and assume why the market is going the way its going instead of consulting with Share founders broker and only then search for applicable evidences available in the market to determine its next step.

What’s important is that these people will pay much more attention to any information proving their theory right and much less to any evidences that might prove it wrong for not consulting the Sharefounders broker. Scam accusations might even arise. It happens because people hate to prove themselves wrong, and this task always falls upon some outside force, which has to demonstrate to people that their theory is incorrect. In trading this “force from the ouside” usually comes in the form of the market doing exactly the opposite to what you thought it might do, just check Sharefounder broker reviews. And it usually results in you losing your money.

Any trader working in any financial market like the Sharefounders forex around the globe should try to incorporate the basics of trend trading into their business method. It’s a neccessity, because without trend there will be no possibility to earn money.

If the Share founders forex market has no waves, there is no reason to buy for anybody. Some kind of downwards or upwards movement has to exist so that people think that there is an opportunity for money making.

This is exactly why the trend is important for the Share founders broker. Without it, there would be no possibility to make money whatsoever. The only way for a person to make profit from any financial market, is to either buy with expectations of the market going up, or to sell thinking it will go down. Or they can do nothing and just scream “Sharefounders broker scam”. This way the trend will always represent an opening and opportunity for a person to make profit, regardless of their trading time frame and strategy.

Which trend should I Trade ?

Another common question asked by lots of people, who do not read Sharefounders broker reviews.

But it is simple, really - you should take a lookat your charts to see there can be two trends in Sharefounders forex taking place simultaneously. You may also see, for example, that the market is in a hard downtrend, however if you switch to the 5 minute chart you would see the Share founders forex market in an upward trend.

How is this possible, and which one should you choose for trading?

Many times in trading literature and online website’s you’ll hear people say to trade in the direction of the trend on the daily chart, this seems like good advice, I mean most of the banks and other financial institutions like the Share founders broker use the daily time frame to determine the direction of the trend so you should too.

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Trading along with the trend: synchronize with the market

The best time to open a position along a trend is the beginning of a steady trend that continues for a specific time without significant peaks. For a beginner, the positions along the trend are the most preferred type of entry into the market. The main problem is to determine whether this is a strong trend. The experts at Sharefounders broker are aware of the problem that most traders face. They face a psychological barrier - to enter or not to enter, it is time to open a position, or they must wait. Therefore, most traders open positions very close to a trend turn, which is quite risky. An inexperienced trader may have not enough time to close the position with a profit, which will lead to the erroneous impression about Sharefounders broker scam.

Imagine that you enter the market after a period of strong volatility - for example, after the release of important economic indices or the publication of a large corporation annual report. After a period of instability, the price of the main currency pairs should level out and move in one direction for some time, which can be verified by reading the Sharefounders broker reviews. But there is a risk that the price movement interrupts without becoming a trend. The main fear of the trader is to miss the fall into resonance with the forex. Sharefounders offers a way to increase the chance of getting into the rhythm with the market.

To prevent a too late trend in the market, you need to use tools for the market analysis, build charts, and find the support or resistance levels and use them as a starting point in which you plan to open a position. For more precise settings, you need to use the so-called touchpoints. It is easy to display a trend line on the chart in a trading terminal. When the price of a pair touches this line for the third time, this is the best time to enter, according to experts of broker Sharefounders.

To secure your deal, you need to determine price levels in advance. According to the experience of Sharefounders broker, reviews from traders proves that the main thing is to exclude false breakdowns - the sudden price jumps along the trend line, which does not signalize about the reversal. It is best to wait for the completion of the candle - a sharp jump in the price - if the breakdown is false, it will happen pretty quickly.

Trade against the trend: support equals resistance

Trading against the trend is more complicated than trading along with the trend, which is known to experts of the Share founders broker. You can open a position against the trend if you are confident that the trend reverses very soon. Let us suppose the price of a selected currency pair goes up. Suddenly, the trend reverses in a downtrend. But you do not notice the visible reasons for such reversal. In this case, you can risk opening a position up. Ideally, the price of the pair will fluctuate for a while, and then move up again. In this case, often, the support level coincides with the resistance level, at which the trend reversed.

One of the signals showing that you can enter the market against the trend is the so-called “triple touch”, when the price approaches the resistance level three times without breaking it. But if you focus on this signal, with the third touch, you need to act immediately. The trend can reverse very quickly, leading to a loss of deposit and the sad conclusion that Sharefounders scammers. Therefore, trading against the trend is not recommended for new traders.

Breakout Trading: Tailing Luck

Breakout trading is the riskiest, but the profit is the highest. A significant role in breakout trading is to set the stop loss - pre-set orders that close when a price clears the set level says the broker Sharefounders. Reviews show that the best way is to open a deal when a trend enters the correction phase after a previous break.

For better analysis, you can use Fibonacci numbers. This is especially useful when the trend movement takes on a zigzag pattern. Fibonacci levels allow you to determine the depth of trend correction. It is best to enter the market when a correction is in the interval between 23 to 38%. But such type of strategy is well suited for short and medium-term trading on the forex. Sharefounders recommends not to steak to the breakout trading as the main strategy. Besides, we do not recommend opening a position on the entire size of the deposit.



Comments ()

  1. Gloria S. 13.01.2020
    Well, I’m not expecting billions from Sharefounders (not with my initial investment anyway :))), but they seem quite proficient
    1. Jacob D. 21.01.2020
      Was a bit disappointed when it turned out that Sharefounders only uses Metatrader but other than that I really love my experience with them
      1. Clarkson W. 23.01.2020
        Sharefounders is AWESOME, I’ve just made 3000 out of 500 invested! Not sure how this magic of theirs is working, but you go guys! You need more positive broker reviews for sure
        1. Rhys Peappy 26.01.2020
          Come on, guys, we all know that ShareFounders are the best. You just cannot match how awesome their workflow is.
          1. JamesK1 31.01.2020
            Sharefounders are interesting, but I’m still concerned about all the negative fuss around forex. Maybe they are a nice way to check for myself.
            1. Damian L. 03.02.2020
              I’ve read some negative reviews here about ShareFounders and, to be honest, they don’t look all that menacing, just some minor stuff.
              1. Jake U. 10.02.2020
                Got some experience with ShareFounders, mostly pleased but there are some issues I’d like them to address in the nearest future. Yeah, customer service, I’m looking at you.
                1. Liam T. 15.02.2020
                  Ok, here’s something about ShareFounders – just don’t expect too much from them. They are just a forex broker, not some money wizard. You can work with them profitably, to me that’s more than enough.
                  1. Robert A. 23.02.2020
                    ShareFounders might not be the top broker out there, but they are certainly in, like, top-10 or smth. I personally really liked working with them.
                    1. Jacob M. 29.02.2020
                      Don’t have much experience with trading overall, but from theoretical point of view ShareFounders looks decent, terms and all. I’d try them.
                      1. Otis R. 21.03.2020
                        Gotta respect a brave broker like Sharefounders when you see them trying to make it in those markets with earthquake every day
                        1. Barrington A. 08.04.2020
                          Don’t have a lot to say on them but here’s everyday average trading platform for beginners, broker reviews say it all.
                          1. Campbell M. 08.04.2020
                            Still haven't made up my mind about these Sharefounders guys. Seems legit overall but I am kinda scared of getting myself into another broker. Somebody pls share more information.
                            1. Murphy M. 29.03.2020
                              Look folks I get that all that trading is on fire now and hype is real, but it’s just not my cup of tea and I would recommend anyone invest in safe assets like gold and not to anything that is trending now
                              1. Quincy D. 02.04.2020
                                Tried Sharefounders last week — well, their terms don't give me any reason to be too excited about but at least they are fair enough. Not sure if I will use them in the future, we’ll see if they can keep it at a good level.
                                1. Sterling Smart 11.04.2020
                                  Let me break it down: broker trading is nothing like magic or rocket science, anyone with sufficient level of education and understanding can do it, the problem is most modern people don't have the time to get this education. that is why we need brokers at all, not only Sharefounders.
                                  1. Magnus Kain 15.04.2020
                                    Obviously, every person's situation is unique, but there are some universal guidelines you should follow when you want to begin trading with a broker, Sharefounders or not. If you don't want to spend too much time on information hunting, stick to some beginner-friendly option.
                                    1. Gilberto Orihuela 21.04.2020
                                      The term «broker» becomes a little unclear right now, when every freshman coming into trading considers himself a broker. No, guys, broker is a stable and upright company with experience and trust of their clients, like Sharefounders.
                                      1. Todd Jenkins 25.04.2020
                                        Competitive environment of the broker world along with the corporate structure principles that begin to contaminate all life facets are beginning to annoy me a bit. That's why I really do appreciate Sharefounders's customer support service, they are talking to you like, well, normal people.
                                        1. Byatt 06.05.2020
                                          The stock market is like casino. 99% of people will overall lose when gambling but few make a living out of it. Because everything’s a casino when you’re gambler that’s my opinion for what it’s worth.
                                          1. William 11.05.2020
                                            What’s the best way to learn what I need to learn? I don’t wanna use google and end up on someones “How to invest and get rich quick” scam. Some others advised to work with broker consultants but I’m just not sure how to evaluate the info. PM me please
                                            1. Luqman Lin 28.05.2020
                                              I made a loooong pause in my trading career recently and was thinking about returning back into business. Can anyone update me on the brokers, what's going on in that department? I'm mostly interested in those Sharefounders guys, did anyone work with them?
                                              1. Freja Landry 28.05.2020
                                                I can only describe my experience with Sharefounders as… nothing, I guess. My output was a little bit of profit and the feeling that my financial situation remained pretty much the same. Didn't lose any money too though. Just that.
                                                1. Stephen Chavez 28.05.2020
                                                  The instances of brokers proven fraudsters are so common right now that I want to be extremely careful while choosing my own. Please, share some info on best options for beginners, I've heard a lot about them but lack any concrete data.
                                                  1. Zi Frye 28.05.2020
                                                    I asked my friend about how do you enter the trading market right now and he told me that it is literally impossible. I'm still in doubts though, what about working with a decent broker? Been thinking about giving Sharefounders a try but need more information.
                                                    1. Archie Daniel 28.05.2020
                                                      Worked for a while with Sharefounders. Can not say I'm very impressed. See for yourself.