دسته: Forex Trading

However, it is not counted as an expense for the business, and thus, it does not show up on the income statement of a business. Drawing accounts represent the money withdrawn by the owner and are treated as an asset to the company. On the other hand, the capital brought in by the owner is…

This causes longer wicks in the price action, creating the potential for misanalysis of certain support levels. It also doesn’t help that our Fibonacci levels are separated by a mere six pips on average, increasing the likelihood of being stopped out. By using Fibonacci tools to set stop loss and take profit levels, traders can create…