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Thread: Technical Analysis

  1. #1
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    Technical Analysis

    No doubt, technical analysis is very important parameter here! But don’t rely on only technical analysis! For being a successful Forex trader you need to work with both kind of market analysis! Yes, technical analysis is important for marking important swing points of market, but news trading knowledge is very important for market flow rate! Pro traders use both even they add psychological analysis on their check list!


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    I agree with you, the technical analysis is important in our operations, as well as knowing how to open account in forex trading, operate in demo account, understand Japanese candles, trading psychology and much more ..


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    Agree, the analysis is an important part of any trading style without analysis no one can say how the market is going to move. Both fundamental and technical analysis are required to work in Forex.


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    Ovviamente il mio broker TradesFX è il miglior broker sul mercato. Il pacchetto di servizi che forniscono al proprio trader è la soluzione definitiva per il forex trading. Il loro servizio clienti è multilingue e 24 ore su 24. Che è molto attivo e trasparente Tutto ciò di cui un trader ha bisogno è nella sua piattaforma di trading, tra cui oltre 2100 strumenti di trading, leverage da 1: 500 spread, spread da 0,9 pips, 100% sovralimentato e bonus di credito 30% bonus di salvataggio ecc. Nella loro piattaforma di trading.


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    You can analyze Forex markets in two ways, either using Technical or Fundamental analytical technique. The basic idea of technical analysis is that you use various indicators to predict the upcoming moves in the price of the currency pair.


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    According to babypips "Technical analysis is the framework in which forex traders study price movement.

    The theory is that a person can look at historical price movements and determine the current trading conditions and potential price movement.

    The main evidence for using technical analysis is that, theoretically, all current market information is reflected in the price.
    If the price reflects all the information that is out there, then price action is all one would really need to make a trade.

    Now, have you ever heard the old adage, “History tends to repeat itself“?

    Well, that’s basically what technical analysis is all about! If a price level held as a key support or resistance in the past, traders will keep an eye out for it and base their trades around that historical price level.

    Technical analysts look for similar patterns that have formed in the past, and will form trade ideas believing that price will act the same way that it did before.

    Technical analysis: Price unable to break support and resistance levels

    In the world of currency trading, when someone says technical analysis, the first thing that comes to mind is a chart.

    Technical analysts use charts because they are the easiest way to visualize historical data!
    You can look at past data to help you spot trends and patterns which could help you find some great trading opportunities.

    What’s more is that with all the traders who rely on technical analysis out there, these price patterns and indicator signals tend to become self-fulfilling.

    As more and more forex traders look for certain price levels and chart patterns, the more likely that these patterns will manifest themselves in the markets.

    You should know though that technical analysis is VERY subjective.

    Just because Ralph and Joseph are looking at the exact same currency chart setup or indicators doesn’t mean that they will come up with the same idea of where price may be headed.
    The important thing is that you understand the concepts under technical analysis so you won’t get nosebleeds whenever somebody starts talking about Fibonacci, Bollinger bands, or pivot points."

    Lily

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