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Of course, this method comes with some risks, most notably the inability to monitor the entire process. 14. Technical Analysis : All currencies have a long history of fluctuations and relationships with specific economic events. Technical analysis is the study of the movement of those prices using charts to predict the direction of market movement in the future, and learning technical analysis is an important part of learning Forex.
Charts are an essential element in learning and trading Forex and have many forms. The simplest Phone Number Data and oldest of these forms is the line chart. This type of chart contains two axes, namely time and price movement, and is often used to determine the direction of the exchange rate without going into any details. 16. Bar Chart : The most widely used type of chart, and you have probably seen it more than once if you have searched for anything related to Forex before. It shows the price movement during a specific period of time through four variables, which are the highest price, the lowest price, the opening and closing prices, and the column is rising if the closing price is higher than the opening and vice versa. 17. Japanese Candlestick chart.
Very similar to bar charts. It contains exactly the same elements, but differs in the way it is presented, as the opening and closing prices are represented in the form of a candle, the upper shadow of the candle represents the highest price and the lower shadow the lowest price. 18. Risk management : A set of strategies and tools that traders use to limit potential losses as much as possible. One of its most famous tools is the stop loss that automatically closes the position when a pre-determined price is reached, and it is very important in learning and trading Forex. Read also: The best Forex trading strategies FOREX MARKET HOURS One of the most important stages of learning Forex is knowing what Forex market hours mean , a term that may seem strange at first glance.
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發表於 2024-3-3 18:18:14