Forex Blog

Despite all the advantages of technical analysis on Forex, a trader is faced with the fact that he cannot determine the exact time: when exactly important events on the exchange will be formed.

For example, the price of the air in the first quarter of 2016 increased 15-fold, from the mark of $ 70 million, reaching $ 1 billion and even stepping over for it.

Therefore, such an important and necessary condition is that the Stop Loss will be able to save the trader from large financial losses if, after the transaction, the tendency turns back to the upward trend.

Determine the direction of the trend, to make a profit, the main task of any trader

Fundamental analysis allows us to determine how the country's currency will behave with the dynamics of economic data in one direction or another, and so then we can make a prediction whether to invest in a particular sector of the economy or not.

An important stage associated with the preparation for the installation of orders, it is more rational to start on a 3-4 wave of the figure, or after forming 50% of the triangle. By all the canons of those. analysts, the breakdown happens precisely in this period of model formation.

The commodity channel index belongs to the category of market indicators: this is the most powerful weapon for traders for many years. The true effectiveness and significance of this indicator is demonstrated by the fact that CCI is included in most trading terminals and platforms: developers with hunting implement it in classical analytics tools.

The basic concept of the strategy is a gradual, relatively smooth build-up of positions: we increase deals as the price moves in favour of the player.

What features does the ECN account open?1) instantaneous implementation of orders;2) is advantageous in that there are no requotes;3) minimum spreads. When a trader prefers this type of account, then they do not have Limit and Stop levels, that is, there is no limit to the minimum distance between the current price value and pending orders.

The developer of the Range Bar corrected the system of creating candles. If in a classical, traditional model they are created in time (for example, for 5 minutes or the hour: after the price passes a fixed time interval, a new candle is formed), then in the updated solution, the candle is created through a spread of prices.