Introduction to Technical Analysis Forex Traders Dear friends, the Forex market is the investment - for surfing the difference from the volatility of the price, the most important factor to make a profit on Forex is a standard forecast trends, always remember "maxim" trend is your friend, as a friend of Trader trend, not against the mainstream in the market, the only way to survive and be profitable for surfing capital trends. how to identify trends !? This is the age-old question that the Newbie Trader want to know today and the theme will guide the technical analysis to find trends effectively, which may decide to purchase reasonable. What is Technical Analysis? About basically there are two schools of market analysis gold trading - forex are: fundamental analysis and technical analysis, in fact, should not only adopt a single, for example, one way of technical analysis should remain to the news, economic indicators to identify when the market moves sharply, while the Trader uses bulletins news to trade still need to master the skills to find the block and exit points on command more standardized, more knowing that is on the rise, but due to the high point in order to lower profits or profits are too high, price marking and reverse resistance. Each sect has its own advantages and disadvantages, so it needs to know marries to have an overall view in the short term and could enter the market properly. Advantages 1. TECHNICAL ANALYSIS (Technical Analysis view: Method brings consistency, which points to / exit standard. Overall it easier to learn technical analysis PTCB, a new Trader can just 2 weeks are self learned the basic concepts and manually install the support tools Indicator on MT4 trading software 2. BASIC aNALYSIS (Fundamental Analytic): Understanding the specific terms of macroeconomic, usually middle past trend analysis data the economy and economic policies of major countries. Cons 1. TECHNICAL aNALYSIS: not know the time of potentially fluctuating, for example: with hinhg Elliot wave pattern, an analysis of price charts Trader will find the wavelength 1-2 -3 and step 4 will not know how to move or when wave 5 ended, so most of the tactical use of technology are only predictions and trends trading opportunities in the short term (Surfing) 2. BASIC aNALYSIS: do not explain why prices react sharply at some certain level of resistance. You should follow the method? As discussed above, individual should not apply just to read some news ptkt or financial - economic in newspapers that network can participate in the market, according to the author's experience, it KIHN first you should collect the information, newsletters most detailed analysis of all reports, the narrative of the leaders to capture trends and the factors that put pressure on the currency, then use trading strategies, technical analysis Art to find the resistance (support - resistance), the level of sentiment or reverse signs through price action pricing model. Note directly on the price chart (chart) transaction opportunities or the pricing model is nearing completion to know when the opportunity arose, with no preparation at all sure that you do not understand the chart readable, really, it's not 100% of the price move in one pattern but on longer term trading methods effective naked, with odds: lost (win: Loss ratio) positive, statistically, the odds to more than 70%, provided always adhere to the guidelines, only transactions when the signal from the trading system and most importantly always know when to stop orders, take profits or cut losses. To train and combines two techniques and platforms that you take the time to communicate trade on demo account Demo, See tutorial demo account open Demo here.
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