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Main 3 principles of forex technical analysis

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  • Main 3 principles of forex technical analysis

    Technical analysis is the most popular tool used and applicable to stocks, indices, commodities, futures, cryptocurrencies or any tradable instrument where the price is influenced by the forces of supply and demand.

    Technical Analysis is the estimating of future price movements based on an examination of past price movements.

    Technical analysis uses the indicators and a wide variety of charts that show price over time.

    Technical analysis can be used for any freely traded security in any financial market

    Traders use technical analysis to anticipate price movements, which makes it easier to distinguish areas of buy and sell.

    Price data or market action refers to any combination of the open, high, low, close, volume, or open interest for a given security over a specific timeframe.

    The timeframe can be based on Intraday data 1-min, 5-min, 15-min, 30-min, 1-hour, daily, weekly, Monthly.

  • #2
    I prefer technical to fundamental analysis but to each their own.