You already knew that a lot of treasures that are stored on your forex charts. And you need a map to get it. But you have to remember, besides there are many hidden treasures, forex has pitfalls that can make lose your money. if you potentially get a greater treasure, then the losses would be greater too. Do not forget that.
In this season, we will discuss about technical analysis. Yes, the technical analysis can be a map for you to get a hidden treasure. Technical analysis is a framework where the trader is studying price movements. The theory is that someone can look at historical price movements and determining the current trading conditions and the potential price movement in the future.
In technical analysis, we will need some indicators. Indicator is a device that is used to predict the trend of price movements, oversold & overbought, or support & resistance. The device is based on historical data in the past. The point, the indicators will be our treasure map for technical analysis.
Indicator created by technical analysts. There are many indicators out there. But we will only use 3 to 4 indicators. Believe me, using too many indicators will make you more confused. Too many different maps will only make you lost.
If you already joined Instaforex, please open the MT4 terminal. Let me show you the location of the indicators you will use. If you do not have, you can click the banner below and register, then download and install the terminal. Relax, free register.
<a href="http://instaforex.com/?x=DDJO">InstaForex</a>
And now, please open your terminal...
The picture above is my terminal. I'm using a forex chart, candlestick chart. My arrows shows the place where you can find the indicator you are looking for. you can see there are five indicator groups, each group has a indicator with each function. As the trend, the indicators included in the category trend is useful to look at the ongoing trend at the time, or predict future trends. Meanwhile, the Oscillator to determine overbought and oversold areas.
Ok, that all for this time. In the next article, I will describe some of the indicators will you use as your treasure map. So, keep stay tune guys ...
In this season, we will discuss about technical analysis. Yes, the technical analysis can be a map for you to get a hidden treasure. Technical analysis is a framework where the trader is studying price movements. The theory is that someone can look at historical price movements and determining the current trading conditions and the potential price movement in the future.
In technical analysis, we will need some indicators. Indicator is a device that is used to predict the trend of price movements, oversold & overbought, or support & resistance. The device is based on historical data in the past. The point, the indicators will be our treasure map for technical analysis.
Indicator created by technical analysts. There are many indicators out there. But we will only use 3 to 4 indicators. Believe me, using too many indicators will make you more confused. Too many different maps will only make you lost.
If you already joined Instaforex, please open the MT4 terminal. Let me show you the location of the indicators you will use. If you do not have, you can click the banner below and register, then download and install the terminal. Relax, free register.
And now, please open your terminal...
The picture above is my terminal. I'm using a forex chart, candlestick chart. My arrows shows the place where you can find the indicator you are looking for. you can see there are five indicator groups, each group has a indicator with each function. As the trend, the indicators included in the category trend is useful to look at the ongoing trend at the time, or predict future trends. Meanwhile, the Oscillator to determine overbought and oversold areas.
Ok, that all for this time. In the next article, I will describe some of the indicators will you use as your treasure map. So, keep stay tune guys ...
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