Forex trading, the highly attractive marketplace.
Daily volume of 2.5 trillion dollars has become the largest arena on earth. It’s about time that you, like millions of other individual investors, join this market, which is accessible for everyone worldwide, around the clock, from any computer.
In Forex you can buy or sell the trading currency. Anyone who join this forex hope to get some profit.
For example, technical analysis is appointed to analyze market movement (the movement of prices, volumes and open interests) using the information obtained for a past time.
Mainly, it is the chart study of past behavior of currencies prices in order to forecast their future performance. It is one of the most significant tools available for the forecasting of financial markets.
To join forex you must know about the forex trading, Theory of Forex, Fundamental Analysis, Technical Analysis, The Fibonacci Analysis and Elliott Wave Theory, Market Forex, Trading, Major Currencies, Foreign Exchange Risks.
Technical analysis is easy to compute what is important while the technical services are becoming increasingly sophisticated and reasonably priced.
The Fundamental Principles of Technical Analysis are based on the Dow Theory with the following main thesis:
1. The price is a comprehensive reflection of all the market forces. At any given time, all market information and forces are reflected in the currency prices.
2. Price movements are historically repetitive.
3. Price movements are trend followers.
4. The market has three trends: primary, secondary, and minor.
5. Volume must confirm the trend.
6. Trends exist until their reversals are confirmed.
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