Global Easy Forex's Forum - 外汇论坛 - منتدى فوركس
General Category => Tutorial and Seminars (Basic&Advanced) => Topic started by: Newswire on August 14, 2018, 11:53:09 AM
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Price action and chart reading in Forex Part 1
In this series of forex webinar video we will talk about most important clues and observations that can be captured from the price action. We will focus on the Forex market, yet you will be able to apply the same principles to analyse stock indexes, commoditites e t.c. and go through several most frequently occurred scenarios of price action:
1. Active trending market (new money stepping in the market).
2. Stair-stepping trending market (mature trend);
3. “Random” price discovery (sideways action);
Looking at the chart, many traders are confused with amount of information they need to process. The shorter timeframe you are operating within, the more “noise” you will face with. The skill of separating “signal” (relevant, important information) from the “noise” is the major skill for a trader. “Price action analysis” does not mean that you should go after the price in all cases. Price is just an advertising mechanism in a two-sided auction process, and it not always shows us relevant information, sometimes it just produces “random” action (we assume that there is nothing really “random” in the market action, but it is so for us, if we don’t see anything meaningful behind it)
(Back to tutorial list (https://globaleasyforex.com/index.php?topic=165.0))
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Thank you
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Many traders who start trading in the Forex market have often started to hear traders. Traders began to talk about the price action or price movement behavior. Some people may be confused as to what this is. What is the price action? If the simplest way to see Price action is to see a blank graph itself, do not use indicators or what the average. Price behavior from a blank graph. Both in the form of Candlestick chart and Bar chart, which many traders in the Forex market successfully used this method to trade. They believe that the indicators or the average. Prices are based on open highs and lows on the chart. They are going to focus on price behavior. Instead of watching them.
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Forex is the shortening of foreign exchange, sometimes referred to as FX or currency trading. It is the exchange of one currency for another.
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Thanks for this nice tutorial
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Price action is easy to understand for forex traders in general.
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This is good for forex trader in general
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i decide to trade
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Price action is my favorite
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It's good to listen to this
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The price action is a method of billable negotiation in the analysis of the basic movements of the price, to generate signals of entry and exit in trades and that stands out for its reliability and for not requiring the use of indicators. It is a form of technical analysis, since it ignores the fundamental factors of a security and looks primarily at the security's price history. What differentiates it from most forms of technical analysis is that its main focus is the relation of a security's current price to its past prices as opposed to values derived from that price history. This past history includes swing highs and swing lows, trend lines, and support and resistance levels.
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I like this theory in forex trading.
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Thanks
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As well as forex market, India's stock market SenForex and Stock Speculating has jumped more than 100 points today amid the hope that the Reserve Bank of India will cut interest rates for the sixth time at the next monetary policy meeting next month. S&P BSE SenForex and Stock Speculating closed at 40,286.48. Up 170.42 points or 0.42% Financial shares rose to lead the market today. This will make chart reading in forex market easier. Maybe chart reader can make price action faster.
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The Chinese authorities have held a press conference about the progress of trade negotiations between the United States and China today. By genes that both parties can reach the first phase of the trade agreement The negotiations have made great progress. Affecting the dollar and yuan Make Forex trading easier
In addition, China also states that The United States will gradually cancel the tax on imported goods from China. Which will make the money have a certain path Easy to trade forex
In this regard, the State Council Information Office is the agency handling the said press release. There were attendees at the press conference, which was Deputy Foreign Minister Zheng Chuang Wong, Deputy Minister of Agriculture and Rural Affairs Han Chun. Including Mr. Wang Cho Wen, Deputy Minister of Commerce And the Deputy Foreign Trade Representative of China. Exness is a good broker to trade this year.
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Thasnk you
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This is very useful for forex trading.
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Dollar appreciation against major currencies The reason the Stock Exchange of Thailand has bought the employment numbers to rise.
The US dollar appreciated against the major currencies traded at the New York Stock Exchange last night (5 June), with investors buying dollars. After the disclosure of US non-farm payroll data jumped higher than expected in May.
The dollar index, which is a measure of the movement of the dollar against 6 major currencies in the basket of currencies, plus 0.27% to 96.9360.
The dollar strengthened against the yen at 109.60 yen from 109.12 yen and the dollar appreciated against the Swiss franc at 0.9621 francs from the level of 0.9550 franc while the US dollar depreciated against Canadian Dollars at the level of 1.3432 Canadian Dollars from the 1.3505 Canadian Dollars level.
The euro depreciated against the US dollar at $ 1.1294 from $ 1.1347, the pound strengthened to $ 1.2670 from $ 1.2612 and the Australian dollar strengthened to $ 0.6967 from US $ 0.6937.
Investors buy dollars After the US Department of Labor reported that Non-farm payrolls rose 2.5 million in May. In contrast, analysts had expected jobs to fall to 8.33 million positions, while the unemployment rate dropped to 13.3% in May, in contrast with analysts expected to rise to 19.5. %
The surge in non-farm payrolls numbers in May Considered the single highest employment increase in a single month in US history, 81 years or since 1939.
Better-than-expected employment numbers for May were boosted by the US government's easing of lock-down measures. Which made the business sector reopen And make a new employment After a large number of layoffs during the lockdown measures were enforced to control the outbreak of the Covid-19 disease.
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That's great.
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This is very good. Forex traders love this. 8)
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Price action is an important knowledge about forex trading technicals.
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Thanks
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Thanks
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对宠物猫的兴趣日益增加。 以及外汇市场。
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good
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Thanks Exness.
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good to read the charts
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The Forex market has daily volume of over $3 trillion per day, super volume in the equity and future markets combined.
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You might just have yourself a real live Wash & Rinse pattern trade in the making. Week Ahead: Rinse And Repeat - Earnings Vs - Action Forex Trade - mark Commodity Tourist travel to Bermuda during 1937 , according to Contracting Flag Vs Runing Flag Wave Forex Trade Station typically comes with very high reviews for Forex trading. Today's Forex Analysis Reports, Currency Forecast, Technical Analysis, Fundamental Analysis. US Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, ISO image issues Mark Coppock/Digital Trends Flag Pattern Trading Forex System. This level marked the start of a three-month advance that boosted the Rinse-and-repeat trading abuses is where a trader capitalizes on the wide spread of a stock. etc. all have the potential to be catalysts for the next move in forex.
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hjvj
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You really make it appear so easy together with your presentation however I
in finding this topic to be really one thing which I think
I might by no means understand. It kind of feels too
complex and very wide for me. I’m looking
forward to your subsequent post, I will try to get the cling of it!
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Patterns are the distinctive formations created by the movements of security prices re speaking a chart and are the activate of puzzling analysis.
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I see that this is very useful.
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reall
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Price action traders make use of the past history of a market's price movement, most typically focus on the recent price action of the last 3 to 6 months
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Thanks
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Exciting
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Thank you
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China's deputy foreign minister said the talks between Xi Jinping and Putin were highly successful.
Chinese Vice Foreign Minister Le Yucheng said on Friday that discussions between Chinese President Xi Jinping and Russian President Vladimir Putin were held. highly successful After President Putin Traveled to attend the opening ceremony of the Beijing Winter Olympics.
Mr Le stated that over the years The Chinese and Russian leaders have met 38 times and communicated more than 100 times through channels such as phone calls and letters. And for this time, it's the first meeting in more than two years for the two leaders. The discussions on Friday were filled with great content and results.
The two leaders exchanged profound and comprehensive views on Sino-Russian relations. including key issues related to development and security with plans to continue Sino-Russian relations under new historical conditions
The two presidents released a joint statement. This will have a wide impact on upgrading the global governance system under new circumstances. And this joint manifesto became the most important political achievement at Friday's meeting.
For President Putin's visit to China this time The two countries have signed nearly 20 documents on cooperation in areas such as economy and trade, investment, energy and sport, laying a solid foundation to deepen bilateral cooperation.
In addition, both leaders emphasized that Efforts to destroy Sino-Russian relations or create a discord between the two countries will never succeed
Mr Le revealed that Both leaders agreed to continue to adhere to the multilateral system. and bear the responsibility as a large country to deal with urgent global problems
Xinhua news agency reported that The two leaders jointly announced the official year of China-Russia sports exchanges. This is the 8th national sports cooperation between the two countries.
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Cash is king