Forex Trading with market profile - Part1
(I do not own the video. The description below are from the description section of the video. So pronoun such as 'we' are referring to the original context of the video)
Forex Webinar on 8/02/2016 by Stanislav Bernuhov, EXNESS. In this series of forex webinar video we talk about application of unconventional analytical tool that is known as "Market profile" for trading Forex. Market profile was brought to general public by Peter Steidlmayer in 1980s, first it was used mostly for trading futures on stock indices. The main difference between conventional charts and market profile is that market profile allows trader to visualize realtionship between time and price in much better way that convetntional charts do. Unlike for candlestick chart, market profile can indicate "value areas",distuinguishing price from value, and do many other things.
Forex traders normally rarely use market profile due to lack of special tools - the majority of trading terminals for Forex traders don't allow to build market profile. Yet, today we can build market profile in MT4 trading platform using specially designed indicator and apply it in our trading.
https://www.youtube.com/watch?v=W08G2jf4wu8
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