Fakeouts in Forex Trading
Jeffrey Cammack May 18, 2018 12:00 AM
A Fakeout is a breakout of an important technical level that fails to continue in the expected direction of the breakout.
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Jeff founded TradeForexSA together with Björn Michels in 2011. He had 15+ years of experience working with online content and helping brands in finance and telco improve performance and profitability online. He was central to establishing our partner portfolio, setting the educational focus of the content published, and the research processes that today are the backbone of our credibility and independence of articles and product reviews.
Jeff battled aggressive neuro-endocrine cancer and passed away in March 2022. We are eternally grateful for his friendship and the positive influence he had on us as colleagues and the company as a whole. He will be forever missed.
Jeffrey Cammack May 18, 2018 12:00 AM
A Fakeout is a breakout of an important technical level that fails to continue in the expected direction of the breakout.
Jeffrey Cammack May 18, 2018 12:00 AM
Used by institutional traders to exploit the predictable behavior of retail traders, offering insights into how stop hunting occurs and providing strategies for traders to potentially profit from these market maneuvers.
Jeffrey Cammack October 20, 2017 12:00 AM
Scalping, a rapid trading strategy, focuses on leveraging minute currency fluctuations. To excel, traders must be adept at monitoring spreads, choosing liquid currency pairs, and strategizing around major session openings. Incorporating tools and partnering with a scalping-friendly broker can further optimize outcomes.
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