Learn Forex Currency charts
Forex charts are easy to interpret, especially for someone that has invested in or day traded stocks before. Charts, as mentioned earlier, are the building blocks of technical analysis which is now probably the most popular and successful ways of scrutinizing the forex market. Technical analysis concentrates on the price action of the market and applies a number of ‘pure’ factors to predict market direction. more..
Analysis of Forex Market
Analyzing the market is what FOREX traders often have to do.Like all investments,FOREX includes some calculated risk.To calculate these risks there are 2 ways, though Technical Analysis and Fundamental Analysis. more..
Chart analysis and Trendline analysis
Do you think is there any difference between chart analysis and trend line analysis? From my point of view, there is. I am feeling curious that lot of traders mix up trend lines together with charting and people call it Technical Analysis. I am trading as a technical analyst, as I do not like fundamental analysis. Last time, I still remember the pain that I never absorb things into brain. more..
To Pivot or not to Pivot
Pivot points are intended to provide you with some sense of where price is likely to go next based on its past history. They consist of a series of formulae that work off the closing numbers from the day before, or other periods of time. more..
Pivot the Forex
The Pivot techniques work well in markets with a wide daily trading range, such as the Forex. Pivot lines steers traders away from “no man’s land” and identifies “high activity” areas in which the equity has a high probability of reversal. These areas are important trading zone watched daily by floor traders and computer trading systems. more..
Pivot to map the time frame
A use of map is that you can see how the market goes relative to the earlier market movements. We can see the responses from traders and investors at anytime and get a general idea of where the market is heading to. It helps you to trade wisely.. more..
Calculation of Pivot Point
There are many ways to calculate pivot point. The most accurate way that found is calculated by taking the average of the high, low and close of a previous period.. more..
S1, S2, R1 and R2
As already stated, the pivot point zone is a familiar technique as it works simply because of the use and trust from many traders and investors. But what about the other support and resistance zones (S1, S2, R1 and R2)? To predict something likely to happen for the support or resistance level with some mathematical formula in some way is quite subjective. We can not rely on that formula.. more..
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