Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

tmbaru

Technical Analysis As A Forex Trading Strategy

Recommended Posts

In Forex trading, technical analysis is a strategy that is invaluable and together with other techniques, it can give a better prognosis. Technical analysis relies on three key principles which guide its interpretation of the market. The first of those principles states that prices embody all the information present in the market. This means that the prices are a sum total of all the opinion and news available in the market concerning a given currency. The second principle denotes the cyclic nature of prices. In other words history repeats itself and what came to be previously can recur in future. The third principle brings to the fore the fact that prices follow a trend. Technical analysts believe in price predictability and that the market normally follows a given established direction for while before breaking off.

 

Developing an online Forex trading strategy using the technical analysis in order for one to be able to analyze the markets easily and make money out of it with a lot of ease and minimal research has become easier with time. In the current world most processes have gone online and investors have not been left out in coming up with an online trading element. Technical analysis is the use of a number of indicators offered by the Forex market which helps you to analyze the market and be able to determine if there exists any profit making trade and also shows how and when it’s ready for one to place trade in the existing market.

There are many brokers who now incorporate the tools of technical analysis to software that enables Forex trading which help their clients in making informed decisions when they want to trade. Technical analyses have strategies that are used in the Forex market which also has indicators to which are tools used in the scouting of profitable opportunities. Here are some tools which are used in technical analysis, it has trend lines which are either diagonal or horizontal lines, it has also has Fibo Naccie which has retracement and also extension tools. It also has chart patterns and candlesticks, customized indicators and expert advisers are other customized tools it has, and also grid lines where it also has time charts which are determined hourly.

Traders need to have well set strategies that are compatible with trading ways of a Forex trader. Most methods of the analysis are to be well used for long time trade and also for scalping. Most methods also try to show when a market is due for reversal since it has tapped out. Bollnger Band System is a strategy that can be used to note some conditions a market has which can tell a seller to have an order submitted and hence will successfully bring in some cash. Traders can use this strategy and its tools to trade, be able to find a potential trade and have entry points which are right using the trading platform hence it’s like the back bone of Technical Analysis.

A trader can hear of news about a market but should first do an analysis of the market and make sure that the information is right so as to continue trading since some wired news are not true and are they are intended to rob off money from traders. In any efficient market, research shows that past prices should not be used exclusively to predict rates of exchange. When trading one should understand the long and short foreign currency positions which will help the trader get more profits and be successful in the online Forex trading business.

images.JPG.ff5271c2808813fc17fee67a552d57da.JPG

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • $CSCO Cisco Systems stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?CSCOSEPN Septerna stock watch for a bottom breakout, good upside price gap
    • $CSCO Cisco Systems stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?CSCOSEPN Septerna stock watch for a bottom breakout, good upside price gap
    • MNST Monster Beverage stock, top of range breakout above 60.45, from Stocks to Watch at https://stockconsultant.com/?MNST
    • ...hallucinates.... Student: “What if we gave the monkey LSD?” Guru: “The monkey already did LSD”
    • Question: To those that had/have cancer, what were the signs that made you think “something is not right here” to make you go see a doctor? Answer: So, 5/25/2018, I woke up, got ready for work, and as I walked to my car, I started gagging. Like something was stuck in my throat and I needed to clear it. And then it went away.   But 10 minutes after that, I was T-boned at 40mph on the driver side door. But what made me see a doctor was while my muscles felt better and bruises were going away, the gagging still continued, I started having fevers, my neck felt swollen, I was having such a hard time breathing, and I'd have random sharp pains in my chest, but not from where the seat belt saved me.   2 weeks after the accident, I finally see an urgent care doctor, who looks me over, tells me I'm fine, but luckily requests a neck X-ray. And I ask for a chest X-ray, which he rolls his eyes but let me have (most of my pain was in the neck, so I understand).   The very next day, he calls and says “So, that chest X-ray shows there's a 4 inch mass on your heart and lungs, and your lungs have been filling up with fluid, as well as in your pericardial (heart) wall. We need you to come in tomorrow.”   Turns out the big mass, due to the accident, caused my heart and lungs to tear and fill with fluid, the swollen neck and gagging was caused by 2 metastasized tumors, and the fevers and weight loss were symptoms. Stage 4b Hodgkin's Lymphoma.   But thankfully, we went very aggressive with chemo (and had a lot of bad side effects that don't normally happen to patients), and now I'm about 16 months cancer-free. Yay lucky X-rays! Rachel Jurina, Quora Source: https://www.quora.com/To-those-that-had-have-cancer-what-were-the-signs-that-made-you-think-something-is-not-right-here-to-make-you-go-see-a-doctor   Profits from free accurate cryptos signals: https://www.predictmag.com/  
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.