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OVERVIEW OF CONVERGENCE AND DIVERGENCE IN FOREXfirst define the terms convergence and divergence. let´s goConvergence in forex describes a condition under which an asset's price and the value of another asset, index or any other related item move in the same direction. For instance, let's assume a situation in which market prices show an uptrend, and so does our technical indicator. In this case, we face continuing momentum, and there is high probability that the trend will persist. So, here, the price and the technical indicator converge (i.e. follow the same direction), and the trader may refrain from sale, as the price is likely to further grow.Divergence in forex, to the contrary, describes a condition under which an asset's price and the value of another asset, index or any other related item move in opposite directions. For instance, if we consider again a situation where market prices grow and the technical indicator's value drops, we will face decreasing momentum, and thus signs of trend reversal. The price and the technical indicator diverge, and therefore the trader may opt for running sale for procuring the highest profit.So, basically, forex divergence trading and conv…
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Sebine avatar
Sebine 22 Feb

Good article!

marcellogyn avatar

thanks Sebine

ForexAlyoum avatar

i like divergence so much , but what is the last indicator ?

marcellogyn avatar

this last image uses a paid indicator .. is not in the session indicators of mt4..

Lovely_bee avatar

good job )

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If you want to be a professional forex trader, you should have known the basic reasons of loss in forex trading. If is very simple to identify for you if you have been trading in the trading market for six or more months. You can find out many causes of getting loss if it is asked to you. However now i am trying to remind as you know.(a) Using high leverage in trading.(b) Lack of knowledge in forex trading market.(c) Lack of Patience during trading hours.(d) Having greed in trading.(e) Lack of proper education relating forex trading market.(f) Lack of analytical abilityAny trader can tell you one by one if you ask him in this way. However there may have many other reasons for getting loss in forex trading market.Although Many traders being informed about these reasons they can not make profit consistently. Obviously there is something more except above. Now i would like to share you something which i have already observed during my trading hours. I think big portion of new traders can not find out the exact reasons that, "Why is he making loss consistently?". Even many advanced traders do not care of the reasons.Now i am trying to disclose three reasons respectively below1). Tryi…
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Delossan avatar
Delossan 10 Apr

(c) Lack of Patience during trading hours and (d) Having greed in trading. Invisible enemies. Good article+

Efegen avatar
Efegen 10 Apr

Yep indeed a lesson i learned sadly+1

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scramble 11 Apr

lack of patience is my worst enemy. not just lack of patience... it's way more complex: waiting an entry which never come, pressure increase, so getting a wrong entry, price reverse, pressure already high keeps increasing, cut the loss, just to see price turning at entry later.

Likerty avatar
Likerty 18 Apr

I agree what you say, but actually I often recover lost money imidiately if after triggered stops markets show taht going in oposite direction - I'm rentering in that new direction too:) For me - stop loss is the price of knowing that you are wrong about one diredction but at the same time it prooves that other direction is right:)

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