lexa trade

Is Forex Broker LexaTrade scam or not?

Choosing a broker is one of the key tasks for a trader. A lot depends on the quality of the services provided by him. A good choice would be a Forex broker, which everyone calls LexaTrade scam. This company offers a wide selection of financial instruments, favorable trading conditions, and quality service. The broker was registered in 2018 at Saint Vincent and the Grenadines. The company has a certificate of conformity IFMRRC No. 0395 AA V0142 and is licensed by the Securities Commission.

golden spiral

How to Use Fibonacci to Set Stop Loss

In a previous article, we have discussed the definition of Fibonacci and demonstrated how to draw and use the retracement levels. However, just as important as identifying these retracement levels is determining how and where to set your stop loss.

Before you open a position using one of the Fibonacci retracement levels, it is important that you have a boundary or a limit to your potential loss, in case things get out of hand. Do not enter a long or short position without having an exit plan.

In this article, we will demonstrate two ways of using the Fibonacci retracement tool in setting your stop loss.


What is Fibonacci Retracement?

The Fibonacci Retracement is a forex strategy that pinpoints potential levels at which the price moves back to the direction of the trend after a pullback. It uses the concept of Fibonacci or the sequence of numbers that are coordinated with numbers previous to it,...

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Broker Maxitrade is an idea of a large financial company Day Dream Investments Ltd. Broker Maxitrade is a member of the promising Forex market. Investing in various assets, including the cryptic one, brings the investor profit. In addition, by becoming a crypto investor, everyone takes part...

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Lexatrade forex broker has been operating on the foreign exchange market for many years, trading takes place without commissions and additional fees. The company's clients receive signals to inform them about the optimal trading opportunities as soon as possible, giving market participants time to make...

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