Technical Analysis in Forex Trading

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Technical Analysis in Forex Trading

Technical Analysis is based on some assumptions. One of these assumptions is the idea that history repeats itself, in the case of forex trading, refers to price movements. The price movement is attributed to market psychology. There was a formation of patterns and it shows that in the past there were several same or similar reactions to the market stimuli over time. Those patterns in the charts are used to analyse the market movements and understand trends. These charts have been used for more than a century and are still relevant.

Second, price movements follow a trend. Once the trend is established, the future price movements likely to follow that particular pattern.

Third, it is assumed that factors such as a company’s fundamentals, the wide economic factors, and market psychology are all priced into the stock, hence there is no need to analyze these factors separately.

Now we need charts for the analysis. There are three types of charts namely Line Chart, Bar Chart, and Candlestick Chart.

Line Chart is the simplest of all other charts and is the best one if you only need an overview of the price movements. It is drawn from one closing price to another on any time span.

technical analysis

Candlestick Chart represents details of prices with candle-shaped bars. The black or red candle shows a bearish move. The white or hollow or green candle show a bullish move. The largest area with four edges is the body. The verticals lines on top and bottom of the body represent high and low price ranges in a chosen time frame. They form various shapes and patterns that reflect what’s going on in the market.

technical analysis

Doji pattern looks like a cross or a plus sign because the body has the same opening and closing price or has an extremely slim body that makes it appear like a dash over the candlewick. There are four common shapes of Doji – Natural Doji, Dragonfly Doji, Gravestone Doji, and Long-legged Doji.

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Fundamental Analysis in Forex Trading

Fundamental Analysis in Forex Trading

Fundamental Analysis in Forex Trading

In order to make profitable trades, forex traders examine certain changes that could help them make gains out of the most volatile market in the world. Forex analysis is so necessary to complete the goals of making profits, includes few types of analysis. Fundamental Analysis and Technical Analysis are the two important forex analysis, careful study of which could result in gains otherwise can lead to losses. Both the type of analysis has its devoted users while there are traders who make both the analysis to trade.

Fundamental Analysis involves studying the economies of the world, its official economic data reports, and news to determine the health of an economy, ultimately the strengthening or weakening of the currency. Technical Analysis involves analyzing the charts and identifying similar price trends that have happened before and determine the present and the potential price movement. Much like analyzing the charts with the idea that “history repeats itself”.

Let’s look more into Fundamental Analysis here.

When you make a fundamental analysis, you would have to look into the economic, social, and political situations of the economies, find the answers, and apply it to your decision to place the trade. Ways to get the information on these significant situations of the economies is through the economic data reports which can give you an idea of the currency of an economy is strengthening or weakening; traders can use economic calendars and visit economic news website to get the updates.

Smart analysts already have a consensus even before the reports are released. Pieces of information on GDP, Non-Farm Payrolls (NFP), Purchasing Managers Index (PMI), Institute for Supply Management surveys (ISM), and inflation data are some of the major fundamental indicators to decide on placing a trade.

GDP that is reported quarterly for most countries gives you an indication of which direction the economy is moving and where it may go in the future comparing with the previous quarters. It is useful for long term traders. Currency traders look for positive and negative economic growth to find the best opportunities to go long or short a currency.

NFP released on the first Friday of every month can produce extremely volatile movement in the markets. While some traders place trades before and during non-farm payrolls, some traders wait till these shock waves diminish.

Purchasing Managers Index (PMI) surveys in Europe & China and Institute for Supply Management surveys (ISM) surveys in the US release data usually the first week of every month with a varying day of the release in each country. These surveys tend to have a close relationship with GDP and are a timely signal of the positive and negative growth in an economy.

Inflation data is usually released in the middle of each but can vary to different countries like Australia and New Zealand where it is released quarterly. There are two types of inflation to look out for – Consumer Price Index (CPI) and Producer Price Index (PPI). The CPI data measures changes in prices paid by the consumer for goods and services. The PPI data measures changes in prices of items as they leave the factory gate.

These are some of the useful ways to get information for the fundamental analysis that traders can use to decide to place the trade. In our next blog, we will look into technical analysis for forex trading in detail. Stay updated!

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Investoforex Free Signals Service

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Investoforex Free Signals Service

Free signals are a great option if you do not want to access premium signals. Traders can find free signals on various platforms. Some traders might think free signals are not reliable like the premium ones. In some cases, it can be true but they can be as accurate and useful as the premium ones depending on which provider you choose. Free or not, accuracy varies from one provider to another.

Free signals are provided by both genuine traders, companies, and scammers. Genuine signals providers offer it to traders so they can try and decide if they want to upgrade to premium ones. While scammers offer free signals and stolen trading records probably from other signal providers to loot your hard-earned money at some point of time. They are the ones traders should be careful about.

So should you use free signals?

There is no harm in using the free signals with caution. Traders can look for a trading history of the signal providers that goes back to 6-12 months. If you are an experienced trader you can use the free signals to save some time and money. Beginners can use these signals as well, however, while starting out they should be careful not to be so dependent on the signals.

We provide up to 2 premium signals for free per day in our official Telegram channel named Investoforex where traders can expect mostly signals on Gold. Signals on other major forex pairs, oil, and cryptocurrencies are also provided at times. Traders can get offers on weekends on the channel too. Join our channel and the signals for free with an accuracy of 90%.

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Best Forex Signal Provider

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Best Forex Signal Provider

Many traders, be it beginners or professionals, use signals by Forex signals providers due to various reasons such as busy schedule due to which they do not get time to monitor the market and analyze the charts, lack of control over their emotions, and less experience in forex trading. Professional traders make technical and fundamental analyses and the signals are sent to the signal subscribers via SMS, email, and messaging apps.

Investoforex (IFX) comprises a team of professionals who have been in the Forex market for over 11 years providing the best Forex services. The signal service is based on both technical and fundamental analysis with a score of 95% win rate that is best suited for both the experienced and beginners. Traders get signals on major currencies, cryptocurrencies, oil, and mostly gold. Gold being the most volatile pair, the traders have chances of making more profits. That’s why our professionals make a careful analysis of the market before sending gold signals.

Traders are offered 3-5 premium signals a day in the private channels with an accuracy of 90%. Since excess signals may lead to overtrading, we send a maximum of 5 signals in a day. Investoforex offers both premium and free signals. The starting price of the premium signals is $45 for a month. If traders select more extended plans with more months then the prices get lesser. The free signals are provided in the official Telegram channel by the same name and have a public discussion channel named Billionaires fx Club Chat. Traders get to try up to two free signals per day offered in the official channel so that they can use it and decide if they would upgrade to premium subscriptions.

It provides records of past verified results available on the official website but we recommend traders to try the signal themselves provided in the official Telegram channel. Investoforex also offers a special lifetime membership where special attention is given to gold trading & pays individual-level attention to each premium member. Individual traders get premium signals along with experts’ help in trading along and many benefits so there is a learning and earning experience creating a lively atmosphere in the premium channels and groups.

Join the Investoforex Telegram channels to try some of the signals for free. Take advantage of the best forex signals.

Happy Trading!

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Investoforex – One of the Best Forex Service Providers

Investoforex- One of the best Forex Service Provider

Many reliable forex service providers offer forex services through Telegram channels due to its high speed and secure encryption. Traders can find both private and public channels wherein the former members are added after verification and payment while in the latter anyone can join at just a click of a button. Each channel provides a few of their services for free with different accuracy and chart by different analysts so that traders can try it before they decide to upgrade to the premium subscription

Investoforex has been operating since 2010 and is one of the reliable forex service providers that offer services both premium and free. Traders can try a few premium signals that are usually 90% accurate for free on our official Telegram channel named Investoforex and get a few chart analysis on our public chat channel named Billionaires fx Club Chat.

The traders can access more premium signals in private or VIP channels with a subscription plan starting at $45 a month followed by four more subscriptions with different prices and durations of more than a month.

Be it guiding one on how to trade or handling accounts, Investoforex does offer services such as forex courses for beginners and traders who wish to improve in forex trading, copy trading, and account management services that are handled by our experienced traders making a 100% profit or more in a month. There are three forex courses structured for different types of learners. The Basic Course is for the learner who wants to get started with forex trading. The Core Course is for the traders who want to improve more at forex trading. The third one is the Pro Course which is a combination of the first two and has more advanced topics.

One of the best premium services to try from our list is the lifetime membership named Pro Chat Group where traders can join at only $30 one-time fee and access to benefits of learning, earning and growing their accounts mostly with gold trades.

Do not miss the chance to join Investoforex. Take advantage of the services to make profitable trades. 

Get Started with Forex Trading

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Get Started with Forex Trading

When you want to learn something new, you search and read or watch a video related to that. You try to find out what it is, how it works, and why it is important to some people and even to some big institutions. There are several sources to learn from and it becomes more important what source you choose to learn about it.

If you are reading this, you are probably interested in forex and related. The foreign exchange market which is shortly called forex or currency market is an over-the-counter market for trading various national currencies. It’s decentralized, which means it has no central locations where it operates but rather a network of institutions and individuals connected through various online platforms. This largest market stays open 24 hours a day and five days a week.

Many individuals enter the market and trade in the hope to make profits but many lose money because they did not take the time to learn it properly and may have got scammed. Whatever field or market you choose, if you want to make gains you have to invest in yourself first. Take up classes to learn skills that are related to your chosen fields. There are two ways to learn. The first one is to learn from experts. The second one is to learn on our own. Learning on our own is not a bad option. But why and when should you consider getting an expert instead of learning on your own? How many of us can learn it correctly without guidance?

When you learn on your own, you need to have great discipline and frame a structure you can follow. While doing so, you are going to make many mistakes along the way. And mistakes aren’t bad until it becomes so unhealthy for your account to the point you are not able to recover the loss. The time and money that one could invest in searching for a genuine expert and learn through a structured course, gets wasted.

The advantage one gets when they learn from an expert is that there is a structured course to follow step by step rather than learning from scattered sources. An expert helps you learn the basic idea of trading, help you create a strong foundation, analyze the chart, clear misconceptions, guide you to choose the right broker for you. You can learn techniques to control your emotions and strategies that best suits you. Many people want signals because they have this idea that strong signals are enough to make profits completely ignoring the fact they first need to understand their moves and analyze before they trade certain pair.

Keeping in mind the needs of different types of learners, we Investoforex have come up with three structured forex courses namely – Basic Course, Core Course, and Pro Course. Basic Course is for those who want to enter the market. It includes basics of trading right from learning forex history, placing trades, buy-limit, sell-limit, swing trade, scalping trade & intraday trades, choosing broker, affiliate marketing, till analyzing a chart. Core Course is an intermediate course best suited for those who are already trading for some time. It focuses on risk management, guiding the trader on when to enter and exit the trade, how to make a profit with minimum risk, chart analysis, strategies, how to apply the best indicator and helps you identify a profitable trade. The Pro Course is the whole package of Basic, Core plus advanced forex trading. If one wants to learn forex from the beginning till the advanced level then this is the right course for them. You can learn whatever topic that is there in the previous two, plus advanced trade risk management, high probability trading set up, chart analysis, wave analysis, candlestick patterns, Price action, Wave analysis, fundamental analysis, technical analysis, and how to make least losses. These courses are structured carefully so it’s easier for the learners to grasp the concept.

It’s never too late to invest in yourself. Get a quality forex education and learn this invaluable and rewarding skill for life. Visit our website HOME – Investoforex and browse through the information provided.

Learn. Earn. Grow.

 

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Regulated Forex Brokers

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Regulated Forex Brokers

Forex brokers which are also known as retail forex brokers, currency trading brokers, or online exchange offices provide traders with a platform where they carry out trading, that is to buy and sell foreign currencies. A trader can gain access to the 24-hour currency market by opening an account online that usually quite simple and involves identity verification. After that, some amount of money has to be deposited into the account before you can start trading.

Since brokers are the most essential part of forex trading, before you open a trading account you must do a little research about the available broker options you got and must be very careful while choosing brokers to avoid any scams or manipulations while trading. Some of the most reliable & genuinely regulated brokers are Exness, AXITRADER, AVATRADE, and XM Broker to name some. Always go for the regulated brokers.

 

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Forex Trading With Investoforex

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Forex Trading With Investoforex

Forex is the short term of foreign exchange markets which is the largest traded market that trades trillions in a day. The market is active 24 hours a day, 5 days a week. Millions of people take advantage of this legit market and try to make profits from the comfort of their homes with ease through online exchange offices called brokers. Some people might say forex is a scam which is not true as the market is completely legit though there are those who try to fool people with stolen data and that’s why it becomes very important to do study the market, invest in yourself learning about it. There are various genuine platforms that provide genuine forex related services and one should always do an all-round check before trading with real money.

 

What is Investoforex

There are millions of people globally taking advantage of this market and making profits, some face losses but that just part of the forex journey. There are ways to recover the losses with practice and persistence, with some help from the experts. There is a thin line between trading and gambling and this is why it’s important to invest in learning first if one wants to make more profitable trades in the long run. There are people who make a living out of trading, and it’s possible for anybody by developing the quality of our brain with some very useful mental skills. 

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