Single Candlestick Patterns
let's move on to individual candlestick patterns. If these candles are displayed on the chart, they may indicate a potential market reversal. The four basic single Japanese candlestick patterns are:
Elementary School
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Japanese Candlestick Anatomy
Like humans, candlesticks have different body sizes. And when it comes to forex trading, there's nothing worse than looking at the candlestick itself!
Elementary School
What is the meaning of a Japanese candlestick?
While we discussed Japanese candlestick charting analysis briefly in the previous forex class, we'll now go over it in greater depth.
Elementary School
Summary: Trading Support and Resistance
The peak reached before the price falls back is now resistance when it moves up and then retracts. As the price climbs back up, the lowest position hit before the climb is now considered support.
Elementary School
How to Trade Support and Resistance
As the name implies, one approach for trading support and resistance levels is soon after the rebound. Many Forex retail traders make the mistake of placing an order at a bullish level and then sitting down and waiting for the transaction to be executed.
Elementary School
Channels of Representation
We may establish a "channel" by extending the trend line hypothesis and drawing a parallel line at the same angle as the uptrend or downturn.
Elementary School
Trend Lines
In forex trading, trend lines are the most often used type of technical analysis. They're also one of the most obscure. They can be as exact as any other approach if drawn correctly. Most forex traders, unfortunately, draw them improperly or try to make the line represent the market instead of the other way around.
Elementary School
What is the difference between support and resistance?
One of the most often used trading ideas is "support and resistance." Surprisingly, everyone appears to have their own opinion on how support and resistance should be measured.
Elementary School
3 Different Types of Forex Charts and How to Interpret Them
A chart, or more precisely a price chart, is the first tool that any trader who uses technical analysis should master. A chart is basically a visual depiction of the price of a currency pair over a certain time period.
Kindergarten
Which Type of Analysis for Forex Trading is Best?
Fundamental Analysis (FA) includes poring over financial information reports and news headlines, whereas Technical Analysis (TA) includes poring over charts to identify patterns or trends.
Kindergarten
What is Sentiment Analysis?
Sentiment analysis is used to evaluate the sentiment of other traders, whether in the general currency market or in a specific currency pair.
Kindergarten
What is Fundamental Analysis?
While technical analysis involves studying the charts to identify patterns or trends, examining economic data reports and news headlines is what Traders do for Fundamental Analysis. (And also irregularly and occasionally a random tweet from a specific world pioneer before he was restricted.)
Kindergarten
What is Technical Analysis?
Technical Analysis is a strategy traders use in order to study price movement. A person that uses technical analysis is known as technical analyst. Traders that uses technical analysis are called technical traders.
Kindergarten
3 Types of Forex Market Analysis
Suit up and say goodbye to your friends because at this moment, is where your journey as a Forex Trader begins.
Kindergarten
What is the Order Execution Quality of the Forex Broker?
However, having fair and accurate pricing on your trading platform is useless if your trades rarely execute at the price displayed.
Kindergarten
What Determines the Price of a Forex Broker?
When you trade forex, you're betting on the future direction of currencies, taking a long ("buy") or short ("sell") position based on your speculation of rising or falling of a currency pair. You try to profit from exchange rate fluctuations of currency by betting on whether the value of one currency, example the Japanese yen, will rise or fall in respect to another, example the Australian dollar.
Kindergarten
The Hedging Policy of Your Forex Broker is Something You Should Be Aware Of
The method by which a forex broker decreases market risk exposure by entering into a parallel transaction with another business (a "liquidity provider") is referred to as "hedging."
Kindergarten
How Forex Brokers Manage Their Risk (C-Book)
You may come across the word "C-Book" in addition to forex brokers who "A-Book" or "B-Book." The term "C-Book" is used to represent "risk management procedures" used by forex brokers and CFD providers that are allegedly different from A-Book and B-Book.
Kindergarten
Forex Brokers' Use of the "Hybrid Model"
We discussed why forex brokers prefer B-Book execution over A-Book execution in the last lesson, despite the fact that it is riskier because the broker can go bankrupt if risk management is bad.
Kindergarten
Why B-Book Forex Broker?
When you open a trade with the B-Book forex broker, that broker executes the other side of your trade and does not hedge. The broker keeps the trade "in-house".
Kindergarten