USDCAD FX SIGNALS

I want to share some keywords that traders always use in forex. TRADING KEY WORD (short form):- 1. TP = Take Profit 2. SL = Stop Loss 3. MM = Money management 4. BE = Break even 5. MC = Margin Call (total loss) 6. CL = Cut Loss 7. PO = Pending Order 8. Layer = Re-entry 9. TL = Trendline 10. SnR = Support And Resistance 11. SnD = Supply And Demand 12. SbR = Support become Resistance 13. RbS = Resistance become Support

BREAKEVEN (BE) I'm sure you all will be familiar with this word. Because, it is very important to prevent you from losing during the struggle. This breakeven is when we move the Stop Loss that we have set the Entry time. But this BE needs to be set when Price Running in Profit. How to place BE point :- First, you move the Stop Loss to the 1st Entry. When the price is further away, find a suitable Supply/Resistance Zone and place it at a safe point. So, if there is a Price Reversal, we can save the existing profit.

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