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13 02, 2021

Japanese Candlestick Basics.Learn the secret of Japanese candles


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


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
30 01, 2021

What is support and resistance in forex?


To your question what is support and resistance, we can answer as follows. Support and resistance in forex is one of the most used techniques. This is because it is one of the most powerful tools to use in trading. Before we move on to the basics, you need to understand that everyone has their own idea of where and how resistance and support was formed. Strange as it may sound, we will show you examples later in the article. But now we start with information for beginners to forex trading. Unlike most websites and videos on youtube, here we will give you examples drawn on the chart of a particular traded instrument. If we look at the image above we can see the uptrend (bull market) ,the price of the currency pair EURUSD rises. On the chart we have [...]

What is support and resistance in forex?2021-02-07T15:05:58+00:00
30 01, 2021

Trend lines, how to draw them correctly.Top 3 best methods


Trend lines are one of the most common and used techniques in technical analysis in forex trading. We must first answer the question: what are the trend lines, and how can we use them in forex trading? Trend lines can be used both to determine the trend and to identify important trading areas. If we draw them correctly, on the tops and bottoms, we can understand whether a certain tool has an upward trend or a downward trend. In addition to determining the trend, we can use them to determine resistances and supports, but they are not as reliable as like for determining the trend. No matter what strategy you use, trend lines should be present in your trading arsenal. They are very important, of course, when the trader draws them correctly. When they are drawn properly (on the tops [...]

Trend lines, how to draw them correctly.Top 3 best methods2021-02-07T15:09:42+00:00
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