Forex technical analysis basics you need to know

Technical analysis Technical analysis studies the price movement of an asset, mainly through charts, in order to determine profitable entry and exit points. Which is the best analysis method? The answer is both! On the Forex markets, traders usually rely on technical analysis to time their entry and exit from the market, while still keeping an eye on the economic calendar — top-down fundamental analysis — to keep abreast of news that can affect market volatility and trigger potential trading opportunities.

Fundamental analysis in the markets Because fundamental analysts believe all information is not necessarily reflected in the price of an asset, they assume prices and values are different. Thus, this type of analysis looks at the forces that affect the supply and demand of an asset to work out the value of an asset. Essentially — value is what you get, price is what you pay.

The overriding assumption fundamental analysts are making here is that price will eventually revert to value. If the price of an asset is undervalued, then a fundamental trader would probably decide to buy the asset, as they believe the price should go up. Conversely, if it is overvalued, they should sell the asset, because its price could go down. The overriding assumption fundamental analysts are making here is that the price will eventually revert to value.

This is how fundamental traders spot and trade potentially profitable trading opportunities. To put it simply, if there is increasing demand, or a reduction in supply, then the trader is assuming the price of a currency will rise. Conversely, if there is a reduction in demand, or an increase in supply, then the price of a currency should fall. For example: if interest rate expectations in a country go up, then all things being equal, demand should go up and therefore the currency should appreciate.

With this strategy, traders open positions based on live economic news being released — either before or after depending if they have a directional bias. The main evidence for using technical analysis is that, theoretically, all current market information is reflected in the price. If price reflects all the information that is out there, then price action is all one would really need to make a trade.

Technical analysis looks at the rhythm, flow, and trends in price action. If a certain price held as a major support or resistance level in the past, forex traders will keep an eye out for it and base their trades around that historical price level. Technical analysts look for similar patterns that have formed in the past and will form trade ideas believing that price could possibly act the same way that it did before.

Technical analysis is the study of historical price action in order to identify patterns and determine possibilities of the future direction of price. Technical analysis is the study of historical price action. Technical analysts use charts because they are the easiest way to visualize historical data! Technical analysts live, eat, and breathe charts which is why they are often called chartists.

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Charles Dow was a journalist at the end of the 19th century and a founder of The Wall Street Journal. His theory has many layers but in a nutshell its main idea is that the price value or the stock value is everything you need to know about the market as it contains all the necessary information.

In other words, this means that no matter what factor caused the price changed, the final value reflected on the chart is what we need to look at. By focusing on the value itself the trader can freely disregard all of the outside conditions that affected the shift, and therefore get more precise results. Another side of the Dow theory that reflects in the way we look at modern technical analysis is the statement that price moves in trends.

More often than not the value of any currency pair will continue moving in the same direction before making a reversal which will resemble a vague U-turn on the chart. Very logically, by detecting the direction of this movement we can identify the trend and use it in trading accordingly.

The more time you spend working with charts the better understanding you will have about trends and the ways to utilize them in your trades. One more crucial principle of technical analysis is the fact that the market tends to run in patterns and loops. Which means that analyzing the previous data on a specific currency can give you an idea of how this pair behaves and what can be considered a trick of mastering it.

Additionally, studying of past data can assist the trader with testing a trading strategy they are looking to adopt. Because even if you think you came up with something unique and revolutionary, the chances are always that someone came up with it before. As you can see, the technical analysis comes from a place of logic and structure.

And as long as you follow through all the stages in the correct order you will achieve the desired outcome in no time. It is time we get a little more technical and talk about specific tools you will need for the Forex charts technical analysis. There are a number of trading platforms presented at the market right now, but for the sake of keeping this straight to the point we will focus on the cream of the crop - Metatrader 4 trading platform. Metatrader 4 or MT4 for short has been the number one choice of many Forex traders for quite some time.

This can be explained by the fact that MT4 is both convenient and highly effective when it comes to online currency trading. As for Forex technical analysis, Metatrader 4 comes with built in tools for working with the chart as well as with the option to choose from a long list of addons.

Some of the default tools will include a line drawing instrument which can help the trader to highlight the trend or even measure the exact angle of the said trend. While the addons usually come in the form of various indicators which we are going to cover later on. MT4 has proven itself to be an irreplaceable tool for efficient technical analysis. Metatrader 4 allows its users to take advantage of fully customizable set up, multilingual support, automated trading, live charts and many others.

And the great news is: all of its sophisticated features are available to you at no charge whatsoever. Simply click here to download the platform and start your journey to success today. In the next segment we are going to focus our attention on the Forex technical analysis charts and all the specific tools that can assist the trader in reading the graph and getting it to work for their benefit.

Forex technical analysis charts Before attempting any of Forex technical analysis strategies the trader needs to start by choosing how they want the information to be presented. There are three types of charts to choose from: line chart, candlestick chart and bar chart.

Now, it is also important to note that you do not have to stick with just one chart throughout your entire market experience. In fact, it can be wise to cross check between charts and compare the results to work out the most effective Forex trading strategy. Here is some basic information on each type of chart: Line charts.

The line chart can look slightly like a chaotic cardiogram - a single broken line that connects all of the closing price values in the selected time frame. This type of chart is mostly used to determine long term trends because it can lack precision. This is where the supporting tools such as drawing lines instrument come in. By inserting additional lines on the chart, the trader can clearly identify the trend and come up with an action plan.

Line charts are mostly favoured by the new traders as they are the easiest to comprehend chart type. Bar charts. Each bar looks like a vertical line with short horizontal markings at the top and at the bottom. The marking to the left will be the opening price value and the one to the right - closing value. Based on the location of these markings the analyst will be able to tell what were the highest and the lowest prices of the chosen currency within the specific timeframe.

Plus, the color of the bar might differ depending on the relation of the opening price to the closing price. The bar chart can reflect the level of control that buyers and sellers have over the market at the chosen time. This type of charts also serves as the foundation for the candlestick chart. Candlestick charts. This is the most popular type of charts, that is used in most Forex lessons on technical analysis.

The candlesticks track all the way back to the 18th century where they were used by Japanese rice merchants in order to keep a record of their transactions. Each candle looks like a thick vertical box with small vertical markings at the top and bottom. The box represents the body of the candle and can differ in color and size.

The color also sometimes reflects in density the box can be empty or filled with black and shows the relation of the opening price to closing price. When the closing price is higher than the opening one the candle turns green and is called bullish, and on the opposite when the opening price is higher the candle will show red and referred to as bearish.

The top of the bullish candle will show at which price the close occurred while the bottom will reflect the open. And vice versa with the bearish: top for open, bottom for close. The top vertical marking is called a wick or an upper shadow and marks the highest price value, and the bottom marking also known as the shadow represents the lowest one. Candle charts can be looked at as the most precise and therefore the most commonly used. So next we will focus on identifying patterns on candlestick charts.

Forex candlestick chart patterns As we have already established the logic behind Forex technical analysis in general and the specifics of candlestick chart in particular, we can go into some detail about a few commonly occurring patterns on the candle chart.

One thing to understand before we move on is that one candle can represent different values depending on the time frame you choose. For example on the intraday chart one candle can stand for one hour or even one minute, while on the daily chart a candle will represent one day. Generally, by the amount of bearish candles versus bullish ones the trader looking at the chart will be able to tell who dominated the market - the buyers or the sellers. By understanding the current situation we can create a picture of what should be happening next, or in other words what is the pattern on the chart.

The action plan will include what type of position the tarder should be holding - long or short and what are the best times to enter and exit the market. These names can also serve as a handy trick to remembering all of the majorly recognized patterns. The patterns can be simple and consist of just one candle. The long shadow in Dragonfly Doji can signal a bullish trend, while its appearance at the bottom of the bottom of the market can indicate the reversal of the trend.

On the other hand, there are complex patterns that consist of two and more candles that form a distinguishable sequence. For instance, Three Black Crows are three long bearish candles red or black with one lower than the prior. This pattern indicates that the closing patterns are approaching or are at their lows. If positioned at the top the Three Black Crows can be read as the top reversal signal.

The more you know about both simple and complex patterns teh easier it will be for you to read and understand the candlestick chart. You will soon notice that the entire chart consists of a series of patterns that tend to repeat themselves under specific conditions. Now, all three types of charts provide us with a lot of information that needs additional further structuring.

Which brings us to the next brief section: technical analysis indicators. Forex technical analysis tools: trading indicators As mentioned above, trading indicators are add ons to the platform. They are designed to extract specific statistics from bar and candle charts by processing the given data through various formulas. Metatrader 4 offers to choose from over 50 different indicators each with its specific purpose.

And to get a general understanding of trading indicators we can divide them into four virtual groups: Trend indicators. This type indicates and measures the strength of trends by averaging the price values. For example, if the price is moving above average value it can be read as a bullish trend.

Momentum indicators help to calculate the speed of the price movement by comparing the price values at separate moments of time. In a scenario where there is divergence between the price value and a momentum indicator it can represent the upcoming change in prices.

Volatility indicators are designed to calculate the rate of price fluctuations, disregarding of its direction. These indicators are used to determine the points at which the market might change direction. For example the Standard Deviation indicator measures the expected risk rates and the possible outcome of certain price movements. Volume indicators. These indicators measure the strength of any given trend or confirm the trading direction by averaging or smoothing out the raw volume.

Very simple: increased volume equals strongest trends. However, even with all the necessary knowledge on Forex technical analysis you might still lack confidence to apply your newly acquired skills in the conditions of a live market. Which brought us to a whole other side of Forex technical analysis - automated trading analysis.

Advantages and disadvantages of automated Forex technical analysis First, a few words on the entire concept of automated trading. This type of trading is a total opposite from the traditional manual trading as it is performed completely by a specifically designed piece of software.

Automated trading software can also be referred to as a trading robot or an expert advisor EA. This means all you have to do is set it up and invest the initial amount to get started. The advisor then does the rest of the tasks including technical analysis, strategy development and testing, damage control and trading itself. Essentially this is a way to become a trader without having to do any of the currency exchange related chores. But just as anything else connected with something as complicated as currency trading the idea of switching to automated trading comes with its own ups and downs.

For the purposes of keeping it to the point, we are going to focus on how the advantages and disadvantages of automated trading software apply to technical analysis in Forex trading. Advantages of automated Forex technical analysis First and foremost, using a robot can save up a major amount of time. As mentioned previously, there are a lot of ways to approach technical analysis and sometimes choosing the right fit is tricky.

With the EA you do not need to worry about what analysis strategy to implement. Additionally, the automated trading robot is able to process the data much faster than any human trader, which means the trading process will be significantly speeded up.

A good automated robot generally has more Forex knowledge than an average trader. In most cases the expert advisor will combine loads of textbook information about the market with the specific professional advice for any difficult scenario from experienced human traders. It means that technical analysts are only only interested in 2 things: What is the current price? What is the history of the price movement? Price is the end result of the underlying forces of supply and demand in a currency pair.

So for a technical analysts perspective, it is best to concentrate on what and never mind the why and if the price goes up, the technical analysts knows that the answer is really one thing: more buyer demand than sellers supply. Supply and demand as it is generally understood, it can be argued, take a backseat. The good thing about technical analysis that you in one financial market, example forex, can be applied to all the markets-they are universal.

Things like support and resistance levels, trading range, trend, price chart patterns, candlestick patterns can be used on any chart. The time frame they are applied to does not matter, it can be one minute up to on month. The application of technical analysis knowledge with sound forex money management leads to success. Believe this or not, you could focus on pullbacks that have been borne out of momentum, as your only trading setup. Trends When price is heading up, that is called an uptrend.

Support levels A price level where price heads down and bounces up from significantly is a support level. Resistance Level resistance levels are opposites of support levels and by definition, resistance levels are price levels where price goes up, hits it and moves back down. Trading ranges or price channels price ranges can also be called channels and looks like a ball bouncing in a narrow tunnel until eventually price will breakout of of this narrow range either up or down.

The objective of a technical analysis is to predict future price movements.

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By inserting additional lines on the chart, the trader can clearly identify the trend and come up with an action plan. Line charts are mostly favoured by the new traders as they are the easiest to comprehend chart type. Bar charts. Each bar looks like a vertical line with short horizontal markings at the top and at the bottom.

The marking to the left will be the opening price value and the one to the right - closing value. Based on the location of these markings the analyst will be able to tell what were the highest and the lowest prices of the chosen currency within the specific timeframe. Plus, the color of the bar might differ depending on the relation of the opening price to the closing price. The bar chart can reflect the level of control that buyers and sellers have over the market at the chosen time.

This type of charts also serves as the foundation for the candlestick chart. Candlestick charts. This is the most popular type of charts, that is used in most Forex lessons on technical analysis. The candlesticks track all the way back to the 18th century where they were used by Japanese rice merchants in order to keep a record of their transactions. Each candle looks like a thick vertical box with small vertical markings at the top and bottom.

The box represents the body of the candle and can differ in color and size. The color also sometimes reflects in density the box can be empty or filled with black and shows the relation of the opening price to closing price. When the closing price is higher than the opening one the candle turns green and is called bullish, and on the opposite when the opening price is higher the candle will show red and referred to as bearish.

The top of the bullish candle will show at which price the close occurred while the bottom will reflect the open. And vice versa with the bearish: top for open, bottom for close. The top vertical marking is called a wick or an upper shadow and marks the highest price value, and the bottom marking also known as the shadow represents the lowest one. Candle charts can be looked at as the most precise and therefore the most commonly used. So next we will focus on identifying patterns on candlestick charts.

Forex candlestick chart patterns As we have already established the logic behind Forex technical analysis in general and the specifics of candlestick chart in particular, we can go into some detail about a few commonly occurring patterns on the candle chart.

One thing to understand before we move on is that one candle can represent different values depending on the time frame you choose. For example on the intraday chart one candle can stand for one hour or even one minute, while on the daily chart a candle will represent one day.

Generally, by the amount of bearish candles versus bullish ones the trader looking at the chart will be able to tell who dominated the market - the buyers or the sellers. By understanding the current situation we can create a picture of what should be happening next, or in other words what is the pattern on the chart. The action plan will include what type of position the tarder should be holding - long or short and what are the best times to enter and exit the market.

These names can also serve as a handy trick to remembering all of the majorly recognized patterns. The patterns can be simple and consist of just one candle. The long shadow in Dragonfly Doji can signal a bullish trend, while its appearance at the bottom of the bottom of the market can indicate the reversal of the trend. On the other hand, there are complex patterns that consist of two and more candles that form a distinguishable sequence.

For instance, Three Black Crows are three long bearish candles red or black with one lower than the prior. This pattern indicates that the closing patterns are approaching or are at their lows. If positioned at the top the Three Black Crows can be read as the top reversal signal.

The more you know about both simple and complex patterns teh easier it will be for you to read and understand the candlestick chart. You will soon notice that the entire chart consists of a series of patterns that tend to repeat themselves under specific conditions. Now, all three types of charts provide us with a lot of information that needs additional further structuring.

Which brings us to the next brief section: technical analysis indicators. Forex technical analysis tools: trading indicators As mentioned above, trading indicators are add ons to the platform. They are designed to extract specific statistics from bar and candle charts by processing the given data through various formulas. Metatrader 4 offers to choose from over 50 different indicators each with its specific purpose. And to get a general understanding of trading indicators we can divide them into four virtual groups: Trend indicators.

This type indicates and measures the strength of trends by averaging the price values. For example, if the price is moving above average value it can be read as a bullish trend. Momentum indicators help to calculate the speed of the price movement by comparing the price values at separate moments of time. In a scenario where there is divergence between the price value and a momentum indicator it can represent the upcoming change in prices.

Volatility indicators are designed to calculate the rate of price fluctuations, disregarding of its direction. These indicators are used to determine the points at which the market might change direction. For example the Standard Deviation indicator measures the expected risk rates and the possible outcome of certain price movements.

Volume indicators. These indicators measure the strength of any given trend or confirm the trading direction by averaging or smoothing out the raw volume. Very simple: increased volume equals strongest trends. However, even with all the necessary knowledge on Forex technical analysis you might still lack confidence to apply your newly acquired skills in the conditions of a live market. Which brought us to a whole other side of Forex technical analysis - automated trading analysis.

Advantages and disadvantages of automated Forex technical analysis First, a few words on the entire concept of automated trading. This type of trading is a total opposite from the traditional manual trading as it is performed completely by a specifically designed piece of software. Automated trading software can also be referred to as a trading robot or an expert advisor EA.

This means all you have to do is set it up and invest the initial amount to get started. The advisor then does the rest of the tasks including technical analysis, strategy development and testing, damage control and trading itself. Essentially this is a way to become a trader without having to do any of the currency exchange related chores. But just as anything else connected with something as complicated as currency trading the idea of switching to automated trading comes with its own ups and downs.

For the purposes of keeping it to the point, we are going to focus on how the advantages and disadvantages of automated trading software apply to technical analysis in Forex trading. Advantages of automated Forex technical analysis First and foremost, using a robot can save up a major amount of time. As mentioned previously, there are a lot of ways to approach technical analysis and sometimes choosing the right fit is tricky.

With the EA you do not need to worry about what analysis strategy to implement. Additionally, the automated trading robot is able to process the data much faster than any human trader, which means the trading process will be significantly speeded up. A good automated robot generally has more Forex knowledge than an average trader.

In most cases the expert advisor will combine loads of textbook information about the market with the specific professional advice for any difficult scenario from experienced human traders. Needless to say, in this case, knowledge is definitely power and having such sophisticated tool at your disposal can go a long way. Plus, any of the top automated trading robots have an artificial intelligence unit which allows them to constantly learn from its own experience and develop the tactics and strategies.

This makes it virtually unbeatable compared with simplified automated trading robots from earlier days, that basically worked like calculators. When it comes to technical analysis the robot will constantly look for a way to optimize its own performance and get more precise results. Disadvantages of automated Forex technical analysis The robot tends to stick to a set of working strategies when it comes to analysis. And while in some cases it is all you need for effective trading, in some rare cases the technical analysis results have to be combined with fundamental analysis, which robot simply cannot perform.

However, on the contrary - the good Forex expert advisor will give its users a chance to learn from the process and go through the decision making process report. In case you do not want to go fully automatic but still find the analysis procedure hard to do on a daily basis, there are some options for semi automatic technical analysis. This happens when a trader chooses to use a technical analysis app or website with technical analysis service. Usually they work partially as trading robots: gather data, organize it and analyze it.

What you are then presented with a ready to use report. This can definitely save some time and assists the new traders who do not have much experience in doing their own analysis. But on the other hand the algorithms within these services are usually very simplified to ensure steady performance.

So you should not count on an app if you are looking for a full multi layer overview, but you can definitely choose to work with one for some general information. And in the scenario when you do not like the idea of trusting your technical analysis to a software, you can always do it on your own. Even if you lack experience or confidence, there are ways to practice your analytical skills before entering an actual market.

One of such ways is opening a free Forex demo account. How to practice technical analysis in Forex for free You might have already heard about demo accounts in Forex. In case you did not they are exact copies of real life trading account with just one difference - the trading is entirely simulated. Meaning, that the setup of the trading platform and even live feed of the price values will remain the same but all the funds you use in trading will not be equivalent to virtual money.

So why spend time in demo if you will not make an actual profit? Several reasons actually: A Forex demo account is a space to apply all of the knowledge you gathered through studying in a safe risk free environment. Demo account offers all the same tools and features as the actual one, so you will get comfortable with the terminal prior to starting to trade. This will save you some of that precious time when you move on to the live trading account.

You can experiment as much as you want for as long as you need to. Remember we mentioned that it can take up some time and effort to choose the right technical analysis approach? Well, why not try out as many of them as possible to see what works for you.

You cannot possibly go wrong when you are trading in demo. Since there are no actual money involved, you are free to make mistakes and experiment with your strategy. Even if you end up with a setback it will eventually become a priceless experience that will pay off in the future. Last but not least, opening a demo account is absolutely free, so there are no reasons not to do it. This creates an amazing opportunity to both practice your newly obtained analysis skills and check if manual analysis is something you can manage on your own.

To open a free Forex demo account all you have to do is go through a few easy to follow steps. As you get your login credentials consider downloading a Metatrader 4 PDF manual to speed up the process of familiarizing yourself with the interface.

Fundamental Analysis and the Benefits Fundamental analysis is a knowledge which studies the market price fluctuation relation with the economic fundamental condition changes in a country. For the wider scope, the fundamental analysis does not only focus on the fundamental data release or the important events at some moment, but it also focuses on the various aspects influencing the regional economy.

They include political issues, financial system regulation, social effects, and other aspects of society. In reality, the fundamental analysis comes with many indicators compared to the technical analysis indicator. See also: Fundamental Analysis: The Good and the Bad News For the fundamentalist trader, the ability for identifying the unbalanced supply and demand in the Forex market due to the economic data changes might produce sufficient profit, especially in the long term trading.

Nevertheless, traders will find difficulties to correct the price fluctuation at some moment and trend reversal. Due to the less attention to the trading chart, the price level limits support or resistance usually will be determined only based on the estimation or psychological number only. The benefits of fundamental analysis are our knowledge as a trader is much deeper relating to the market price fluctuation.

This knowledge is important especially for the long term traders who tend to maintain their position in a long period. By understanding the market dynamics, a long-term trader will be more confident to maintain his position despite the changing market volatility.

Since the technical analysis is now mostly used, it is better to know further about the technical analysis indicators. It is because it has various types and their own purpose in mapping the market condition today. It also predicts the price fluctuations in the future based on the charts. The indicators can be used by the traders for analyzing the market. What is a Technical Indicator? A technical indicator is a tool made based on the mathematical calculation of price, volume, or market passion towards an investment instrument or financial contract.

By applying the technical indicator on the price history data, the traders can use them to map today's market condition. They also can use the indicators for predicting the next fluctuation in technical analysis. Forex analysis uses the technical indicator which focuses on the price history data, by ignoring the fundamental factors which influence the price. The technical indicators are usually used by the daily trader for trading stocks, Forex, and commodities. It is because the indicators are designed to analyze the short term price fluctuation.

Nevertheless, the middle and long term trader who focuses on the fundamental analysis can also use the technical indicators for identifying the best moments for doing transaction 'buy' or 'sell'. The Technical Indicators Types Actually there are tens of technical indicators all over the world. Every mathematician, statistic expert, and other experts who understand the financial market can create their own indicators.

So, if the technical indicator shows pretty high accuracy and is favorited by other traders, it will be used widely by other traders in the world. However, generally, viewed from the layout, the technical indicators can be divided in two types: Overlay and Oscillator. Overlay The Overlay technical indicator is usually in the form of charts or graphs which are applied by putting them over the price chart.

The candlestick chart represents the price fluctuation, while the line chart represents the Bollinger Bands layout. Oscillator The Oscillator technical indicator usually shows a certain minimum and maximum values which appear under the price chart. Besides, compared to the Overlay indicator which calculates more on the price data, the indicators in the Oscillator type also calculate the trading volume fluctuations on an instrument.

However, a trader often uses more than one technical indicator for analyzing the price fluctuations on an instrument. The important thing is to pay attention to the following three tips in deciding the technical indicators.

Adjust the Parameter Setting of the Technical Indicator If we set the technical indicator which is built-in on the trading platform, such as Metatrader, it must have the default setting. However, a trader still can change the parameter in the setting. For instance, the use of Moving Average which is applied by a trader based on the Close price, High price, or others.

The Moving Average itself is calculated based on the price average, so the period can also be adjusted by himself, for example, MA Day the average is the last 50 , MA, MA, and others. Combining the Technical Indicators Based on Each Function The combination of the two technical indicators or more for analyzing the prices of an instrument must be based on each indicator function.

However, make sure not to attach to many indicators on the chart until it's hard to read clearly. Never Try on a Real Account The last tip is not to use a real account if you still learn and try some indicators. Use a demo account which enables us to practice in the real market condition without any risks. In the demo account, you will only use virtual funds provided by the broker. Therefore, you are free to do try out as many indicators as you want, with whatever setting or combination that you are curious to explore.

But if it's built well, it will run very well, too. Building a trading system actually it's not really hard and long. The longer process is trial and error to find better treatment until finding the best and suitable trading system for you. Building a good trading system needs around a month or two. However, if the system has been built well, your patience will be worthwhile. There are many articles selling a system, but it's better to create your own.

Here are the steps which need to be followed for v developing a good system. Create a Time Frame Some things that you need to decide very first is what type of trading you want to have. Do you want to have a day-trader or a swing-trader account?

By knowing the trading for you b want, it will be easier for you to design the time frame which will be used in the reading system. Find an Indicator to Identify a Trend The purpose is to identify a trend as early as possible. Therefore, we must use indicators that can research the purpose. One of the suitable indicators is Moving Averages, which is commonly used for identifying a trend.

Try some indicators and choose the best one which fits your characteristics. Determine the Risk that You're Ready to Take In building the trading system, you need to determine how big is the loss risk that you can handle for every transaction. Also, you need to calculate the maximum of loss risk that you may experience in one day.

Decide When You Enter and Exit a Trade There is a trader who likes to do a transaction as early as possible, for example, a transaction when the trend signals have been confirmed. On the other hand, there is a trader who likes to wait some time for ensuring the trend manually. In other words, there is an aggressive trader and a play-safe trader. Try to Apply the System The last thing to do is applying.