Ganibade
Verified member
Most forex traders prefer technical analysis in their trading. Despite the fact that technical analysis is the preferred analytical method among traders, it is still used in conjunction with fundamental analysis, such as important news, non-farm payroll, unemployment rate, GDP, and so on. Traders typically do not trade two hours before and two hours after major news announcements. After 2 hours, the charts will usually reflect the news release.
Japanese candlesticks are the most popular and widely used charting method in technical analysis. We use a variety of indicators to help us understand what the charts are telling us. We've always heard traders say, "The trend is my friend," before we go there. In addition to understanding the trend.
Two interesting notes on the currency market's Support-Resistant point: when the market breaks out from a resistance point, it becomes the support, and when the market breaks out from a support point, it becomes the resistant.
Then we'll look at Trend Lines. This is most likely a common indicator used in technical analysis; however, it is also underutilized. When the trend line is drawn correctly, a trader can use this indicator to accurately predict market movement. A "channel" is formed when a second line is drawn parallel to the trend line. When the price reaches the bottom of the channel, it is a buy signal; when the price reaches the top, it is a sell signal.
Japanese candlesticks are the most popular and widely used charting method in technical analysis. We use a variety of indicators to help us understand what the charts are telling us. We've always heard traders say, "The trend is my friend," before we go there. In addition to understanding the trend.
Two interesting notes on the currency market's Support-Resistant point: when the market breaks out from a resistance point, it becomes the support, and when the market breaks out from a support point, it becomes the resistant.
Then we'll look at Trend Lines. This is most likely a common indicator used in technical analysis; however, it is also underutilized. When the trend line is drawn correctly, a trader can use this indicator to accurately predict market movement. A "channel" is formed when a second line is drawn parallel to the trend line. When the price reaches the bottom of the channel, it is a buy signal; when the price reaches the top, it is a sell signal.