In order not to get dizzy when doing technical analysis, just do this
Technical analysis is an analytical technique that is usually used by traders to assist buying and selling decisions in trading forex, stocks, commodities and gold. Many traders, especially novice traders, are often confused about the steps in doing technical analysis because they don't understand the basic concepts, and most beginner traders tend to be fascinated by strategies that are often considered sophisticated. This is how technical analysis can be done by traders:
Trends
Traders must pay attention and have technical indicators that can catch clear trend signals to ensure trading activity is in the direction of the trend. We recommend that you monitor the movement of the trend first and then execute it after you are absolutely sure of the strategies and techniques used.
Range
A range market is where the price bounces between the high and low prices. The range trading strategy is the simplest alternative to do. With the prediction of prices that tend to return to the long-term average that will occur. Range trading occurs when a financial instrument oscillates between two upper and lower limits for a certain period of time.
Trigger
Trigger trades can be thought of as lines in the sand that determine exactly when a trade will be entered. Unlike filter trades which can cover multiple factors, trigger trades tell the trader exactly when to act. Trigger trading should be strictly objective and clear in the trading plan. There should be no room for ambiguity.
Watch the video below for more information and details!
Note:
Comments
Post a Comment