Forex Trading For Beginners (Free Forex Education) - page 8

robert11
169
robert11  

eur cad

On the daily chart, we are observing the head & shoulders pattern on top. till May 8th its time will be fulfilled. according to down sloping trend in RSI, we are expecting to see a drop by having the neck line broken around 1.4990

Good luck

Forex Analysis

gaban
1831
gaban  

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servicehyun
4
servicehyun  

Very Helpful tips for Beginners like me

scorpion:
We are compiling a complete course of free lessons to help beginners get started in forex trading. The lessons will guide you through the basics of forex trading. Upon completion, you will know the in(s) and the out(s) of forex, learn how to make your first trades, how to read charts, how to apply trading systems to increase the profits, how to choose broker and open a trading account, and more. 1. Forex Market Overview This lesson will introduce you to FOREX and its history. You will learn how FOREX market works and know the advantages of FOREX over stocks and other markets. Read Lesson... 2. Currency Pair and Price In this lesson, you will learn about currency pairs, currency rates, spread, pip and the basics of price movement. Read Lesson... 3. Margin and Leverage You will be introduced to margin trading, leverage and contract size in this lesson. Also, you will learn how leverage can magnify your profits. Read Lesson... 4. Order Types You will learn about the variety of order types and how to correctly place trade orders. This lesson will also show how profit/loss is made when the currency rate changes. Read Lesson... 5. Chart Reading You will learn how to read different types of charts: OHLC chart, candlestick chart and line chart. This is a crucial foundation to technical analysis. Read Lesson... More lessons are coming in next week... 6. Basic Trading Systems You will learn how to analyze the market through technical anaylis. In addition, you will learn how use trend lines and basic technical indicators to help you make informed decisions. 7. Broker and Trading Account You are now ready to place your first trades and apply what you have learnt into practice. In this lesson, you will learn how to choose a good broker, how to demo trade, and how to open your first trading account. I hope you enjoyed the lessons. Should you have any questions, post them to the forums. Senior members will help answer them, and guide you along the way.
robert11
169
robert11  

Gbp cad

Forex Analysis

On the daily chart, the price is inside a bullish long-term channel and having H&S pattern on top a................

PickNPip
36
PickNPip  

The common mistake beginners believe is the promises that forex can offer.

robert11
169
robert11  

On the H4 chart, the price is moving down strongly along with a bearish trend and every time the price touches the upper line of the channel as a resistance hurdle, the supply pressure increases and a reversal is seen. On the other hand, below the bearish trend line the price is moving upward inside a secondary bullish channel. If the lower line of the channel around $1275 is broken below, we are expecting the slid to be continued. And of course on the other hand if the $1310 resistance level is broken up strongly, a price development is in place as an assumption.

Forex Analysis

robert11
169
robert11  

Eur usd

On the daily chart, the price has succeeded to break the lower leg of the triangle below, by having the price stabilized beneath the triangle, the expectation goes for a bearish bias.

Forex Analysis

thanks

readyforex
221
readyforex  

Winning Mind of a Forex Trader

robert11
169
robert11  

On the weekly chart, the price is close to two harmonic patterns Reciproal ab=cd. If the condition is good enough and having the demand overcome to the supply, we are expecting a reversal.

Forex Analysis

amasud
3
amasud  

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