oussama94
05-28-2017, 23:33
Technical analysis is a very popular tool for short-term to medium-term
traders. It works especially well in the currency markets because shortterm
currency price fluctuations are primarily driven by human emotions
or market perceptions. The primary tool in technical analysis is charts.
Charts are used to identify trends and patterns in order to find profit opportunities.
The most basic concept of technical analysis is that markets
have a tendency to trend. Being able to identify trends in their earliest
stage of development is the key to technical analysis. Technical analysis
integrates price action and momentum to construct a pictorial representation
of past currency price action to predict future performance. Technical
analysis tools such as Fibonacci retracement levels, moving averages,
oscillators, candlestick charts, and Bollinger bands provide further information
on the value of emotional extremes of buyers and sellers to direct
traders to levels where greed and fear are the strongest. There are basically
two types of markets, trending and range-bound; in the trade parameters
section (Chapter 8), we attempt to identify rules that would help traders
determine what type of market they are currently trading in and what sort
of trading opportunities they should be looking for.
traders. It works especially well in the currency markets because shortterm
currency price fluctuations are primarily driven by human emotions
or market perceptions. The primary tool in technical analysis is charts.
Charts are used to identify trends and patterns in order to find profit opportunities.
The most basic concept of technical analysis is that markets
have a tendency to trend. Being able to identify trends in their earliest
stage of development is the key to technical analysis. Technical analysis
integrates price action and momentum to construct a pictorial representation
of past currency price action to predict future performance. Technical
analysis tools such as Fibonacci retracement levels, moving averages,
oscillators, candlestick charts, and Bollinger bands provide further information
on the value of emotional extremes of buyers and sellers to direct
traders to levels where greed and fear are the strongest. There are basically
two types of markets, trending and range-bound; in the trade parameters
section (Chapter 8), we attempt to identify rules that would help traders
determine what type of market they are currently trading in and what sort
of trading opportunities they should be looking for.