Admin Sun May 09 2021

Fakeout is a term used in technical analysis to refer to a situation in which a trader enters into a position in anticipation of future transaction signal or price movement, but the signal or movement never develops and the asset move in the opposite direction. That's why we always said wait for the confirmation.

In order to conquer the market, a trader should always ready with a plan, without a plan it's not trading, it's gambling and we all know that no one ever made wealth out of gambling, so before entering into any trade always wait for the confirmation.

It takes time to become a good trader but atleast one should learn the basic stuff and know the proper system from the experience persons