There are two main methods of foreign exchange trend analysis, that is, fundamental analysis and technical analysis.
In technical analysis, traders can intuitively see the changes in the market trend through the feedback of the price chart and technical Pointers, and determine the important points such as support points and resistance points, which is the basis for entering the market.
In general, support points have a role in stopping the market from falling, while pressure points prevent prices from rising.
Depending on these changes, traders can go long at support points, short at pressure levels, and chase orders at breakdowns.
Traders can also use fundamentals to analyze currency trends.
In short, all events related to changes in the economic and political situation of foreign exchange countries will affect the trend.
Traders should pay attention to it and become familiar with its impact mechanism.
Generally speaking, events that promote economic and political stability in a country can lead to;
Instead, there is a risk of depreciation.
In many cases, forex trend analysis will play a vital role in improving the quality of trading, but there is no such thing as being 100% correct.
Therefore, WHILE TRYING to learn THE methods OF foreX trend analysis, traders should also find ways to avoid the occurrence of loopholes.
In the limit platform strictly set stop-loss, is a good solution.
Stop-profit and stop-loss can protect profits and limit losses. The limit platform can ensure the strict execution of stop-profit and stop-loss, which can not only make stop-profit and stop-loss go smoothly, but also avoid the risk of sliding point and greatly increase the stability of trading.
Foreign exchange trend analysis has important guiding significance for trading.
Traders can grasp the important points of the market through technical analysis and roughly determine the future trend direction of foreign exchange through fundamental analysis.
However, we should always be prepared for the failure of forex trend analysis.
Oil prices fell more than 3 percent, while gold retreated from an eight-month high.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.