5 Phases of Reading Forex Price Move

The ability to read forex charts is a must-have initial capital for traders. With good forex chart reading skills, traders will certainly find it easier to analyze. In addition, traders will find it easier to practice a trading system that suits their style.

In general, when you are just starting to trade or learn forex, there are many terms and steps you need to know, in addition to the best forex trading application to choose. In this case, traders also need to have the ability to read forex charts because trading itself takes advantage of the difference between buying and selling forex. This is the phase of reading forex price movements:

Trend

In the world of trading, trends are a representation of market forces. Traders cannot possibly fight the market. If it is not friendly to the trend, it means that the trader is expressing hostility to the market. Since it is impossible to go against the market, the only way is for the trader to follow where the market is moving.

Consolidation

Consolidation is a term used in technical analysis, both forex and stocks, to describe periods of flatness. During consolidation, price movements did not seem to change much. You could say, the market takes a break before continuing the trend. Unfortunately, this condition is often realized too late. The impact of this consolidation can cause loss because the volatility is very low, making profit is difficult. When prices in the market are consolidating, experienced market participants usually re-evaluate and set strategies to deal with the next price movement.

Watch the full video and details below:


More info : 

Free material soft copy contact 081 258 066 174 wa/call 

Private info / paid premium class (guided forever until consistent profit and independent). 

Whatsapp/call 081 233 593 672 Or direct access to our web www.wijayatrading.com

Comments

Post a Comment

Popular posts from this blog

Tingkatan Seorang Trader

Image
Sebelum menjadi trader sukses, perlu dipahami bahwa ada berbagai macam tingkatan trader forex yang harus dilalui. Tingkatan-tingkatan tersebut biasanya dibedakan dari beberapa kriteria. Jika dilihat dari pengalaman, pengetahuan, cara berfikir, dan sikap mentalnya, seorang trader dapat dikategorikan dalam 5 tingkatan. Trader Pemula Seorang trader pemula pada umumnya masih merasa asing terhadap pasar forex. Trading forex dianggap sesuatu yang baru dan mungkin agak unik atau mengasyikkan. Mereka cenderung ingin mengetahui segala hal yang berhubungan dengan trading dan pasar forex dengan cepat dan instan. Baik analisa fundamental maupun analisa teknikal dipelajarinya dengan cepat. Trader pemula selalu mencari dan mempelajari cara-cara yang gampang, sederhana, dan segera dapat digunakan untuk trading. Pada umumnya, mereka mengharap profit besar dari trading forex. Trader Profesional Dari sebutan "profesional" yang disandangnya, memang profesi utama trader di tingkatan ini adalah t
Read more

SNR, BEST TRADE STRATEGY!

Image
SNR (Support and Resistance) is fairly popular in the world of forex trading. This is one of the most frequently used techniques in technical analysis. Without it, traders will experience difficulties and even lose in carrying out trading activities. The support point is the point which is believed to be the lowest point of an asset in a certain period. While the resistance point is the point that is believed to be the highest point of an asset in a certain period. In simple terms, support and resistance are likened to the two most discussed attributes in analysis where support is a level that has the potential to withstand price declines. Meanwhile, resistance is a level area that has the potential to hold back price increases. These levels are used to determine whether the price will continue or reverse. Basically, SNR aims to find out the right area when taking a buy or sell position and determine the target price movement. The support area is generally an area used as a reference f
Read more