There are three main types of Forex charts. In this article, we are going to talk about the way they work, what you should know about charts, and how do they look like. Enjoy!
Line charts have a line drawn between closing prices. They connect each closing price and form a picture of a mountain. They are the … -->
Candlesticks are a great visual help for traders to see the performance of an asset’s price for a particular period. They often form specific pictures that give traders hints about potential price movements and what is the best option to make profits and prevent losses. We are going to talk about the four best candlestick patterns for 2020.
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One of the most basic skills a trader must have is reading free candlestick charts. This is a part of technical analysis that must be learned if you want to trade successfully. If you do not know what is technical analysis, check out our previous article What is technical analysis Forex (Kenneth Park).
But today we shall talk about how … -->
Admiral Markets is the largest holding company that successfully provides brokerage services on the international currency exchange. Clients of the company in more than 40 countries of the world can work in the market of forex and CFDs for energy, precious metals, indices, and stocks (specification of contracts). The history of the brand began in 2001, and for more than … -->
Analyzing the chart of Japanese candlesticks involves searching for certain candles or their combinations (also called: models, candle shapes, or patterns (pronounced with an emphasis on “a”)), which are used to determine market situations and make trading decisions. Candlestick chart analysis is an efficient trading tool.
This type of graphical candlestick analysis has high versatility and good efficiency, including in … -->
Sentiment analysis on Forex can be very much useful for all types of traders in collectively understanding price movement and behavior as well as what others think of it. While analysis that focuses on the fundamental and technical aspects is extremely helpful in its own right, sentiment analysis adds a deeper look into the numbers and allows us to see … -->
Fundamental analysis and technical analysis are two broadly acknowledged methodologies and principles that traders utilize when approaching stock markets. This article aims to elucidate their uses in order for one to grasp underlying ideas and difference between fundamental and technical analysis.
- FUNDAMENTAL ANALYSIS-This analysis is purely essentialist in a way that it aims to curate and analyze stock value
When trading, it is important to devise strategic ways of entering the financial markets to have profitable trades. One of these ways is the approach known as the Fundamental analysis.
Fundamental analysis is the numeric study of the market by taking into account the different economic, political, and social occurrences that will highly likely affect the price of an asset.… -->
The Gartley pattern falls under continuation patterns category and is crucial in verifying whether a price will continue treading its initial trend after the occurrence of retracement. Gartley pattern is efficient to use since it appears frequently in Forex trading charts. More so, its forms dictate whether the incoming trend is bullish or bearish continuation.
GARTLEY PATTERN DEFINITION
Gartley pattern … -->
Technical analysis is an essential strategy in Forex trading to help traders speculate market prices and enter the trade markets at the right time with the right position. But what is more beyond the technicalities of the market figures? Let us have an in-depth take on one of the foundations of forex trading strategies.
Technical analysis is the mathematical approach … -->