Finding patterns, repeatability and historical cyclicality is one of the main tasks of a trader. Some use graphic patterns to look for the silhouettes of geometric shapes. Some study the characteristic price movements: acceleration, braking, and interaction with graphic objects. However, there is a huge category of traders who are engaged in technical analysis of Forex using indicators. They allow you to predict the market, study its various characteristics and use these patterns in your own trading. Even beginners who have just heard about the existence of technical analysis will be able to analyze the market with their help.
What is Forex? This is a huge over-the-counter marketplace where various currencies are exchanged. Its turnover exceeds 5 trillion dollars a day! (For comparison: the turnover of all world stock markets is "just" about 85 billion dollars, that is, almost 60 times less).
Forex was created for international commercial activity, but today there are not only companies conducting such work, but also private traders who have received access to trade, as well as investors whose main purpose is to profit from fluctuating quotations.
In this article, we will look at the history of the emergence and formation of the international currency exchange market, the main participants in this market, as well as the principles of trading.
The Forex currency market is one of the few places where everyone can try to realize themselves. The absence of superiors, the non-existent ceiling on earnings, the work schedule for which you are responsible — all this is in the trader's profession. But becoming one is not an easy task.
Technical analysis in the Forex market provides a wide range of opportunities to study and predict prices. The number of instruments that are capable of solving the tasks set by the trader is hundreds. If the indicators are justifiably amenable to criticism for signal lagging, the levels of support and resistance find their admirers even among people most skeptical towards technical analysis. This is not surprising. Forex levels are a benchmark that all traders, without exception, pay attention to.
The Forex market is a place where almost everyone has every chance to make money. But do not confuse luck with a professional approach. Trader is a profession that needs to be learned. Otherwise, intuition will fail sooner or later, and a series of trades will turn into a continuous loss. That is why, as a start to your career, it is better not to waste time, but to start by studying technical market analysis. It will let you trade with awareness.
Practice shows that many traders and investors do not understand very well what leverage is and what benefits and risks it carries. In fact, this leverage is just a tool that multiplies opportunities for a trader.
How much is the skin of a not-yet-killed bear worth? Especially if this ‘bear’ is among the largest players in financial markets?
This article will tell you all about how traders who bet against the market earn their money; it will also tell you how much they earn.
Bitcoin: although this currency is virtual, many people earn and have already earned real millions of dollars thanks to it. More than 1,000 people have become owners of fortunes with six, seven, eight zeros, and five people have become billionaires. Moreover, one does not need to work until a very old age: according to Forbes, the average age of crypto millionaires is only 42.