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[Mar20]

Technical analysis is a method used by Forex traders to predict future price movements by studying past market data, including price and volume. Technical analysis assumes that market trends, as shown by charts and other technical indicators, tend to repeat themselves, so it can be used to identify profitable trade opportunities.

Key components of technical analysis in Forex trading include:

1. Charts: Traders use charts to visualize and analyze price movements over time.
2. Indicators: A wide range of technical indicators are available to help traders identify trends and make trading decisions. Some popular indicators include Moving Averages, Bollinger Bands, and the Relative Strength Index (RSI).
3. Trend lines: Trend lines are used to identify and confirm trends in the market.
4. Support and resistance levels: These levels are used to determine the price points at which a currency is likely to experience buying or selling pressure.
5. Candlestick patterns: Candlestick patterns provide a visual representation of price action and are used by traders to identify potential buying or selling opportunities.

It's important to note that technical analysis should not be used in isolation and should be combined with other analysis methods, such as fundamental analysis, to form a complete trading strategy.

 

[Wisdom01]

yeah for the indicators part I actually most times use the moving average indicators , and the macd indicators , I combine these indicators and also mix it with the support and resistance level to know the position I would be taking

 

[btaliat]

Though most traders especially the newbies always put much focus on fundamental analysis. They rely more on the news to decide the direction of their trades. They are sometimes called emotional traders.

 

[Wisdom01]

Its good for the forex trader to actually gain mastery of both the technical and fundamental analysis , mixing both could actually help the person place better trades that would be able to fetch him the needed gains at the end

 

[Edcosmas]

This is very true and helpful. Most especially for we the newbies that are trying to get into the market without any mentor. Having good analysis and comparing the results with some of my team members has also helped out to help me make gains

 

[Wisdom01]

This is very true and helpful. Most especially for we the newbies that are trying to get into the market without any mentor. Having good analysis and comparing the results with some of my team members has also helped out to help me make gains

Having good analysis in trading is something we should always consider ,we should always make reference on making trades that could earn us more money and would benefit us more in returns too

 

[Franca01]

Though most traders especially the newbies always put much focus on fundamental analysis. They rely more on the news to decide the direction of their trades. They are sometimes called emotional traders.

Actually, i think a newbie should always always find it best for its mentor to always take him or her through some of the technical analysis that can always helping in trading successful most times.

 

[Franca01]

Having good analysis in trading is something we should always consider ,we should always make reference on making trades that could earn us more money and would benefit us more in returns too

Yeah, we need to always put more emphasis on trading that will always earn us more money with our little analysis been made. this is alway something that always give confidence in good retuns after analysis.

 

[MarryL9]

In forex trading both fundamental and technical analysis are very important if you dont know how to do both analysis then you are not worthy to trade forex,its through fundamental analysis that you will know about the news and economic of any country while technical analysis in others hand will ensure that you use the chart properly to examine and analys the market sometime through the use of indicators and others instrument

 

[Franca01]

In forex trading both fundamental and technical analysis are very important if you dont know how to do both analysis then you are not worthy to trade forex,its through fundamental analysis that you will know about the news and economic of any country while technical analysis in others hand will ensure that you use the chart properly to examine and analys the market sometime through the use of indicators and others instrument

Yeah, they are all always to guide you. As a newbie, you always need to start learning how the fundamental analysizes are done before you can get a mentor to take you through the technical analysizes.

 

[MarryL9]

Yeah, they are all always to guide you. As a newbie, you always need to start learning how the fundamental analysizes are done before you can get a mentor to take you through the technical analysizes.

Technical analysis is very good when its come to the forex market because its through technical analysis that you will be able to know the right trade which you can take.
Fundamental analysis is also good but I prefer technical analysis to fundamental thou I know that the need to conduct both analysis is very important its going to aid you trade well

 

[Franca01]

Technical analysis is very good when its come to the forex market because its through technical analysis that you will be able to know the right trade which you can take.
Fundamental analysis is also good but I prefer technical analysis to fundamental thou I know that the need to conduct both analysis is very important its going to aid you trade well

Yeah, i think you always start step by step which you always begin with fundamental analysis and later apply to technical analysizes. All these are always important because they always turn to be the reason why you are able to place your trade.

 

[Bigron]

By applying price trends and patterns visible on charts, technical analysis is a type of trading strategy used to assess investments in foreign exchange markets as well as discover trading possibilities. In order to predict potential market behavior, historical market statistics, including both volume and price, must be analyzed.

 

[Wisdom01]

By applying price trends and patterns visible on charts, technical analysis is a type of trading strategy used to assess investments in foreign exchange markets as well as discover trading possibilities. In order to predict potential market behavior, historical market statistics, including both volume and price, must be analyzed.

The technical analysis have been so helpful for traders like there are some particular traders that have been able to earn well off the scheme , they see technical analysis as something important to them when trading

 

[btaliat]

It is easier to read the support and resistance levels in technical analysis. This knowledge will help the traders to know when to place trades. For instance, some traders always sell their coins during the resistance level and buy at the support level.

 

[Franca01]

It is easier to read the support and resistance levels in technical analysis. This knowledge will help the traders to know when to place trades. For instance, some traders always sell their coins during the resistance level and buy at the support level.

Yeah, this analysis will always help most traders to know when to sell and when to buy. Most traders are using it as an opportunity to make good analysises that will always encourage them to speed up their trading level.

 

[Wisdom01]

It is easier to read the support and resistance levels in technical analysis. This knowledge will help the traders to know when to place trades. For instance, some traders always sell their coins during the resistance level and buy at the support level.

The support and resistance level is so important , the trader should understand the need for it , learning the technical analysis and fundamental analysis ,with support and resistance keys are so important

 

[btaliat]

Yeah, this analysis will always help most traders to know when to sell and when to buy. Most traders are using it as an opportunity to make good analysises that will always encourage them to speed up their trading level.

It is not possible for you to see a good Forex trader without the knowledge of technical analysis especially the support and resistance levels. These are the tools that determine the next direction of the market and should be learnt effectively to avoid loss.

 

[Wisdom01]

It is not possible for you to see a good Forex trader without the knowledge of technical analysis especially the support and resistance levels. These are the tools that determine the next direction of the market and should be learnt effectively to avoid loss.

You should actually be watchful of how you are trading , trading without technical analysis have costed a lot of traders , there are some traders that would have made more profit ,if they actually invested with minimal risks in the first place

 

[btaliat]

A technical analyst as well can use trend line to check the trending pattern in the market. There have been some circumstances that can change the trend of a particular market in forex. A forex trader should be aware of this and use trend line to monitor some.