As a Forex trader, you must be willing to learn how to use MetaTrader 4, one of the best trading platforms. This is because Forex trading can be scary if you are not using advanced trading platforms. You might miss important details of the market or the pair you want to trade. This a...
Use this Forex information on DeMark trendlines wisely, with caution, and it can be another useful addition to the Forex day trader'stoolkit! by Michael A. Jones
Fundamental Analysis: Generally used for medium to long-term investment horizons. Tools & Techniques Technical Analysis: Employs charts, trendlines, patterns, technical indicators like moving averages, RSI, MACD, etc. Fundamental Analysis: Utilizes financial ratios (like P/E, P/B), earnings reports...
Figure 2: Trendlines The single, most useful reason for being able to identify a trend is that it helps you decide how you are going to trade—whether long or short. Generally, a downtrend has excellent sell conditions, while uptrends basically provide traders with buying opportunities. ...
So, what type of strategy will you employ to trade trendlines?Related posts: Metatrader 4: What Is It and Why Do Forex Beginners Like It? How to use the MT4 platformAbout Rimantas Petrauskas Rimantas Petrauskas is one of the most well-known programmers among Forex traders. Having more than...
I do as well, I've practiced using it on ademo accountmyself & I would like to to take it to my live account someday soon. #3 FoReX^ExPeRt: I do as well, I've practiced using it on a demo account myself & I would like to to take it to my live account someday soon....
Traders often smooth out support and resistance levels and trendlines to create a single visual line representation called themoving average (MA). The moving average traces the bottom support levels of an upward trend along with the resistance peaks throughout a downward trend. It can provide...
it has been found that a small group of them provide more trade opportunities than most traders will be able to utilize. In this section, 12 patterns are dissected and studied, with the intention to offer you enough insight into a fascinating way to read price action. The following is a ...
Start your trade preparation analysis by placing a single grid across the largest trend on thedaily chart, identifying key turning points. Next, add grids at shorter and shorter time intervals, looking forconvergencebetween key harmonic levels. Similar totrendlinesandmoving averages, the power of th...
Also, using two timeframes or multiple timeframes can help filter out false signals, thereby reducing the risk of entering an unprofitable trade. Moreover there is some flexibility. The multiple timeframe strategy can be adapted to various asset classes and could also ...