Monthly Archives: February 2021

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13 02, 2021

Japanese Candlestick Basics.Learn the secret of Japanese candles

2021-02-13T17:30:44+00:00

Here we will not only answer the question of whether Japanese candles work and what they mean, but we will give you real-time examples. History and essence of Japanese candlesticks Japanese candles have been used in commercial practice for more than 100 years. This chart was the first, then the bar chart and the line chart were added, but we'll talk about them in another article. The most important thing to remember is that Japanese candlesticks are one of the most powerful weapons in forex trading. If we learn the basic formations from Japanese candles, we will add a significant arsenal to our trading strategy. Forex traders use the chart of Japanese candlesticks to be able to forecast the market both long-term and short-term. Elements of Japanese candlesticks Both bars and Japanese candles show the opening and closing prices, the [...]

Japanese Candlestick Basics.Learn the secret of Japanese candles2021-02-13T17:30:44+00:00
13 02, 2021

How to trade support and resistance. 2 real time signals

2021-02-13T06:50:21+00:00

How to properly trade bounce off support and resistance? When it is a good time to open a position when not. After we got acquainted in detail what support and resistance are - we looked at a few examples of where and how they are formed - why they are so important. - how we can determine our take profit when using it. - where and how resistance becomes support and vice versa. - how to combine them with trend lines. - where support and resistance has been broken, and how to take advantage of this price break - how the support and resistance help us determine the trend. It's time to look at bounce from a key area (resistance and support). We call it a zone because the support and resistance are always different from the previous one. But [...]

How to trade support and resistance. 2 real time signals2021-02-13T06:50:21+00:00
7 02, 2021

Trend channels in forex.Top 3 trend channels and how to trade them?

2021-02-07T14:55:02+00:00

In this lesson we will look at the following: What is a trend channel, how it works, and how to trade trend channels? How to draw trend channels. What are the different types of trend channels? How to analyze the market with trend channels. Trend channels are one of the most commonly used tools in technical analysis. They are used successfully by many forex traders but before you start using them successfully, first we will have to learn them and understand what a trend channel is and how we can apply it in technical analysis. There are three types of channels used in forex trading., Downtrend channel (the price falls), an uptrend channel (the price rises), and a side trend channel (when the market is consolidating). These are the three types of price channels that are used when analyzing a [...]

Trend channels in forex.Top 3 trend channels and how to trade them?2021-02-07T14:55:02+00:00
7 02, 2021

How to Trade Support and Resistance.Top 2 ways to trade them.

2021-02-07T14:56:32+00:00

We looked at what support and resistance are now it's time to see how to trade them? The time has come to apply what we have learned so far in the previous article. There is no way we can say that support and resistance are more important than divergences or certain indicators. We need to understand that there is no such thing as the most important thing in trading and we need as many indications in our favor in order to open a trade. Still, we must know that support and resistance are very powerful tools. They can help us both to open a position and to close it. Later in the article, we will give you illustrative examples of everything we have talked about so far. We will try in the simplest and most understandable way to show you [...]

How to Trade Support and Resistance.Top 2 ways to trade them.2021-02-07T14:56:32+00:00
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