joining the forex trading every traders face to some problem .they need to strong strategy to survive to trading .
at that moment technical analysis is very important for them .
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joining the forex trading every traders face to some problem .they need to strong strategy to survive to trading .
at that moment technical analysis is very important for them .
Making emotional trading mistakes and errors can be a very easy and dangerous trap to fall into. Many traders and in particular beginner traders come to the market with the expectation the market will make them happy or give them a fulfilling feeling that they may be lacking from the rest of their life
Many traders start off their forex trading journey on the tiny intraday charts such as the 5 min and 10 min charts. They do this because they hold the belief that the more candles that they can see formed, the more chance they have of putting on a trade and hence the more chance they have of making a big pile of money.
Trading off the daily time frame is as stress free as it gets for a trader. Traders trading 5min charts have seconds to make decisions. They have to watch the screen every second of every session they trade.
Most traders find that like me, once you become profitable on higher time frames you will not find the need to go back down scrawling through the intraday charts.
Another way to think about it is, Price Action is everything humans are doing and how they are trading, shown in a chart form
Trading the Forex markets with Price Action is a skill that takes continual practise. The Forex markets are continually doing new and different things and all Traders from the beginner to the advanced can continue to learn by trading and watching Price Action through their charts.
You can get experience by other successful trader stories and learning.There are also many other ways to get it like you get it by learn a lesson from other people's loss.You have deeply interest in it and find which mistakes they do and you avoid it in your trading.You can get experience by internet and many other resources like books etc.
I think, as a beginner, we must learn first about technical analysis. Technical analysis requires knowledge of the various indicators. so, we must first understand the function of the indicator in metatrader.
In think technical analysis of forex market trend are very important for trading. If you know about trading then with the help of news your technical analysis about market trend are very useful for your trading.
as a beginner, technical analysis maybe be the first choice. because in analyzing the price movements we need some technical indicators. Later stages we can learn fundamental analysis too.
fundamental analysis is important to note for all traders, especially for news traders. also technical analysis is best to use in short-term trade. for beginners should avoid trading on the eve of the release of news that has a high impact on market movements. and learn technical analysis is easy rather than fundamental analysis.
I think newbies should avoid indulging in complicated strategy or trading method and should go simple, in my view just detect the trend and enjoy profits trading in that direction, spend some time on market watch find the range and buy at support and sell at ressitance but always with stop loss below support.
I don't quite understand about the title in the thread, analysis for each trader is different and the style of analysis will
depend on your style of trading. If you made analysis, the most important is taking a look on condition of market to know
the condition is suitable with your strategy or not.