Practicing Forex Technical Analysis

Technical analysis is an analysis technique that is usually used by traders to help buy and sell trading decisions in stocks, forex, gold or commodities. The analytical method used to predict the direction of future price movements by looking at price data in the previous period that has been formed and displayed on a chart. In this case traders must understand the charts that are commonly used in technical analysis first so that traders can find out price movements up and down.

This is how technical analysis is to recognize the current trend. Traders need to recognize and see the current trend. The trend starts from the long-term trend and then the medium-term and short-term trend. Even so, traders can choose which trends can be used and are advised to look at long-term trends or trend managers and then follow them. If a trader has analyzed the best technical trading that a trader needs to have is a transaction that is in the direction of the ongoing trend. If it is seen that the trend is up, traders should pursue buy opportunities. We recommend that if the trend looks down then look for opportunities to sell.

Then determine the support and resistance levels. In forex trading, this technical analysis is a boundary that is able to connect the highest and lowest points of a price, where traders can look for opportunities to buy in the support area and sell in the resistance area. So the first thing a trader needs to do is take a position in the direction of the trend, by looking at the current trend as an uptrend then look for a long position in the support area and vice versa.

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