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June 21, 2018

iFOREX, 4 Important Things to understand to know Market Trends

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First time conducting market analysis for your Forex trading? Here are the 4 basic knowledge for you!

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Strategic planning is essential for investors. By analyzing and arranging the technical data, you can get a better understanding of trends and recognize opportunities.

1, Price Charts

A price chart is a sequence of prices drawn over a specific time frame, created to help investors forecast future price movements.

Charts can be shown in a variety of time scales according to investor’s preferences, for example: Hourly, daily, weekly and monthly charts.

Example of an oil chart

Charts can be shown in a variety of time scales according to investor’s preferences, for example: Hourly, daily, weekly and monthly charts.

There are several types of charts that can be used in order to make decisions, for example:

  1. Bar charts
  2. Candlestick charts
  3. Dot charts
  4. Line charts
Candlestick charts have become the most popular method for analyzing CFDs.

The body of the candle will vary according to the market’s volatility during a specified period.

2, Trend Lines

Trend is the general direction/movement made up of highs and lows on a chart.

3, Support and Resistance

Supports and resistances can be used as indications of new trends, and incorporated in your investment technique.

  • Support – A certain price which is strong enough to prevent the current investment price
    from declining further.
  • Resistance – A certain price which is strong enough to prevent the current investment
    price from advancing further.

4, Investment Strategies

In addition to the above, there is a wide range of technical tools to assist you in defining a robust investment strategy, such as:

MOVING AVERAGES

An average chart line of prices calculated according to the period requested by the investor.

Moving averages are used to indicate a change in trend, the cross-over between two or three moving averages will hint that the current trend has possibly come to an end.

RSI (RELATIVE STRENGTH INDEX)

The RSI quantifies the current direction and strength.

This indicator is often used to follow the current trend in order to see if the trend is losing its current strength.

Technical analysis is a tool that assists investors to make decisions regarding their future investment strategies.

Together with fundamental analysis, an investor can build an arsenal of tools in order to capitalize on the market.

Find all these graphs a tad confusing?

Don’t worry, iFOREX account managers will explain all the tools to you in detail and also offer you further tools like Signals and Webinars.

iFOREX Official Website

When you visit the iFOREX Education Center you will also find additional information that could help you master these tactics.

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