Every trader in the Forex market is always trying to manage the
risk/reward ratio. They are always finding ways to minimize the
risk and increase the profits or rewards.
The pin bar also known as the Pinocchio is very popular among
traders. It is called the Pinocchio because it lies about the
market trend/direction. But just like Pinocchio, its long nose
exposes the lie.
In business, focusing on the fundamentals is the key to success.
The more strongly a business understands and implements
fundamentals, the chances of it succeeding in the long run
increase.
“The trend is your friend” is one
of the most common trading phrases. This simple and widely used
expression depicts the importance of trends in a trading plan.
The most common mistake that people make pertaining to binary
options trading is taking its simplicity for easiness and executing
trades that are no different from gambling
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