i agree with you.the best way is to have a good combination of the indicators.so that the picture will be more clear.ex if 3-4 for the indicators are showing bullish we may also take a look to fundamentals if there is anything there is to bullish.if not than it will be a very nice point to open a trade. i want to ask a question if why you did not add pivot points?here that most of the banks trade based of pivot points.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
israr2017 (2017-11-20)
you are right my brother, I think the best way of trading is to have a good combination of Indicateurs and good experience and good money management.
Do not read and go, Approve your attendance by Thanking me or Comment
ye mujhe is forum ki ab tak ki sabse achi aur faydemand post lagi
aisi post padke naye traders ko abhut kuich seekhne ko milega jisse ki unka forex ka career bahut sudhar jayega
me is baat me believe karta hon ki trader ko scalping aur long term dono tarah ki trading karni chahiye kyunki time ke hisab se situation change hoti rehti hai
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
israr2017 (2017-11-20)
i love it when my system indicator s have confluence . confluence jsut give s you that alittle bit more assurance that the trade will work out lack of confluence can also mean that there's divergence and that you need to be aware of how the trade or price is moving e.g macd
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Very Very Great post. You cleared my point of view about confluence and market sentiments. Although it is just a one page article. If you post here some ebook or online help where i can get more about market sentiments. This also help other forum members and newbies.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
this really sound logical concept..i want to learn more about confluence ..can u provide me any online resource where i can go deep in this concept..just defining it wont be enough i think..i need to apply it..Originally Posted by asiaforexmentor
What is CONFLUENCE in Forex Trading?
Alot of people have this question in mind on what is confluence in forex trading.
And why is it so important.
Lets start with the Forex Market.
It is made up of traders (Big or Small) to determine the flow of the market.
For example: if there are more people buying the Bulls than the bears at a period of time. The market will most likely go Bullish. And so forth if it goes bearish.
Therefore, forex trading is about understanding the market sentiments. “Where is the big guys with the big influx of money moving the currency market to?”
And this leads to CONFLUENCE.
For example.
Forex Trader A trades only on Fibonacci signals
Forex Trader B trades only on Moving Average signals
Forex Trader C trades only on Support & Resistance
Forex Trader D trades only on Price action
Forex Trader E trades only on News
Forex Trader F trades only on Divergence
Forex Trader G trades on other indicator signals
Example: Forex Trader A sees a fibonacci signal which is strong and he enters it long. But Forex trader B & C sees their signal and took it short. The market will most likely head short if there are more traders who took it short than long. The bears won the game.
From this example, you can see why Confluence is so important in forex trading and why professional forex traders enter only on confluence.
When we combine all the signals, and if they come together in the same direction. Then there is a very good chance that the market will move your way. Because all the forex traders sees their signal (eg. long) and entered it. Regardless of which signals you see, it shows short.
This shows that, the more trading signals you get on your side of the trade, the higher the chance of winning.
Of course we need not wait until all the above forex signals come together. So long as we have 3-5 signals that comes together. We have gotten ourself a good trade. And if you take these kind of trades continuously, your forex account size is sure to grow.
Remember you heard this First from Asia Forex Mentor, and at our Price Action Course – We teach the full forex trading system and strategies for you to apply in your live forex trading account.
It is Not only about Confluence but is also about how to be a CONSISTENTLY PROFITABLE forex trader.
To an awesome trading as always,
Ezekiel Chew from www.asiaforexmentor.com
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
l totally agree with you ,the best way is to have a good combination of the indicators.so that the picture will be more clear.example:if 3-4 for of the indicators are showing bullish we may also take a look to fundamentals if there is anything there to bother bullish.if not then it will be a very nice point to open a trade.l want to ask a question if why you didnt add pivot points?l hear that most of the banks trade based of pivot points.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
What is CONFLUENCE in Forex Trading?
Alot of people have this question in mind on what is confluence in forex trading.
And why is it so important.
Lets start with the Forex Market.
It is made up of traders (Big or Small) to determine the flow of the market.
For example: if there are more people buying the Bulls than the bears at a period of time. The market will most likely go Bullish. And so forth if it goes bearish.
Therefore, forex trading is about understanding the market sentiments. Where is the big guys with the big influx of money moving the currency market to?
And this leads to CONFLUENCE.
For example.
Forex Trader A trades only on Fibonacci signals
Forex Trader B trades only on Moving Average signals
Forex Trader C trades only on Support & Resistance
Forex Trader D trades only on Price action
Forex Trader E trades only on News
Forex Trader F trades only on Divergence
Forex Trader G trades on other indicator signals
Example: Forex Trader A sees a fibonacci signal which is strong and he enters it long. But Forex trader B & C sees their signal and took it short. The market will most likely head short if there are more traders who took it short than long. The bears won the game.
From this example, you can see why Confluence is so important in forex trading and why professional forex traders enter only on confluence.
When we combine all the signals, and if they come together in the same direction. Then there is a very good chance that the market will move your way. Because all the forex traders sees their signal (eg. long) and entered it. Regardless of which signals you see, it shows short.
This shows that, the more trading signals you get on your side of the trade, the higher the chance of winning.
Of course we need not wait until all the above forex signals come together. So long as we have 3-5 signals that comes together. We have gotten ourself a good trade. And if you take these kind of trades continuously, your forex account size is sure to grow.
Remember you heard this First from Asia Forex Mentor, and at our Price Action Course We teach the full forex trading system and strategies for you to apply in your live forex trading account.
It is Not only about Confluence but is also about how to be a CONSISTENTLY PROFITABLE forex trader.
To an awesome trading as always,
Ezekiel Chew from www.asiaforexmentor.com
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
anubhavsingh (2012-01-24), aptx4869 (2012-04-18), mehro (2019-07-19), Mustansir (2018-05-21), nada naser (2013-11-03), qasimm (2018-04-20), satishfx (2012-07-04), yogesheena (2012-10-13)
There are currently users online. members and guests
Threads:
Posts:
Member:
Thread: 
Subscribe
Thanks
Currently Active Users
