Many traders who trade by gambling and some are trading only artificial science.
Trading should be done with careful analysis to avoid losing large amounts of money, but many traders think trading is just a game and the chances. Though with trading you very likely have a chance to become very rich.
To be able to analyze thoroughly, you must have at least basic science technical analysis correct.
Here is what you need to know in the Analysis
A. Know the Chart types
1. Line Chart
Charts in technical analysis are in the form of combined price points. These points are the closing price in each day
2. Candlestick
a technique to map and read stock price movements, commodities and forex. This technique belongs to the group of technical analysis and is the oldest technique invented by Munehisa Homma (Japan, 1724-1803).
Note that on the candle there is a body or body, namely the difference between open price and close price, and also shadow (shadow / tail), which is the difference between High / Low and Open / Close. Body length and shadow in technical analysis using Candlestick has a very important role. The longer the body can be interpreted the clearer the direction of the market that looks through the candlestick rod. The longer the shadow shows the greater the back pressure given the market over the current trend.
3. Bar Chart
Bar Chart is a graph formed from a collection of price stems that give us information in the form of Opening Price (open), Highest Price (High), Lowest Price (low) and Price Closure (close).
Bar Chart can be said more complete than Line Chart because with only 1 (one) bar chart alone has provided enough information to make a decision. A bar chart represents price movements within a certain time frame, below one example of a bar chart and how it is read
of all charts, how to read candlesticks is the easiest of us to read the price through bar charts and line charts.
B. Know the types of swing
Swing form there are 2 namely:
1. SWING HIGH
open bar above the previous open bar and close above the previous open bar price followed by the next bar open below the close swing bar price and close under the open swing bar
2. SWING LOW
open bar below the previous open bar price and close below the previous close bar price followed by the next open bar above the close price of the swing bar and close above the price of the close swing bar
And there are several terms associated with swing are as follows
Peak (P)
Is a form of swing high
Trough (T)
Is a swing low form
Higher Peak (HP)
Is a higher swing higher than previous swing high
Higher Trough (HT)
Is a swing low higher than the previous swing low
Lower Peak (LP)
Is a swing high lower than the previous swing high
Lower Trough (LT)
Is a lower swing lower than the previous swing low
After that we will be able to read where the trend will be, of course it can not be achieved without training. In addition traders have to find the right source of knowledge, traders must also be able to find a tutor who ekspert in their field.
If you want to learn complete technical analysis, you can learn from the ultimate advance practice workshop. In this workshop, you will immediately learn from master technical analysis with more than 10 years trading experience that has earned millions of dollars from capital just thousands of dollars. You will also be given basic financial Astrology which will make you more perfect in trading
Trading should be done with careful analysis to avoid losing large amounts of money, but many traders think trading is just a game and the chances. Though with trading you very likely have a chance to become very rich.
To be able to analyze thoroughly, you must have at least basic science technical analysis correct.
Here is what you need to know in the Analysis
A. Know the Chart types
1. Line Chart
Charts in technical analysis are in the form of combined price points. These points are the closing price in each day
2. Candlestick
a technique to map and read stock price movements, commodities and forex. This technique belongs to the group of technical analysis and is the oldest technique invented by Munehisa Homma (Japan, 1724-1803).
Note that on the candle there is a body or body, namely the difference between open price and close price, and also shadow (shadow / tail), which is the difference between High / Low and Open / Close. Body length and shadow in technical analysis using Candlestick has a very important role. The longer the body can be interpreted the clearer the direction of the market that looks through the candlestick rod. The longer the shadow shows the greater the back pressure given the market over the current trend.
3. Bar Chart
Bar Chart is a graph formed from a collection of price stems that give us information in the form of Opening Price (open), Highest Price (High), Lowest Price (low) and Price Closure (close).
Bar Chart can be said more complete than Line Chart because with only 1 (one) bar chart alone has provided enough information to make a decision. A bar chart represents price movements within a certain time frame, below one example of a bar chart and how it is read
of all charts, how to read candlesticks is the easiest of us to read the price through bar charts and line charts.
B. Know the types of swing
Swing form there are 2 namely:
1. SWING HIGH
open bar above the previous open bar and close above the previous open bar price followed by the next bar open below the close swing bar price and close under the open swing bar
2. SWING LOW
open bar below the previous open bar price and close below the previous close bar price followed by the next open bar above the close price of the swing bar and close above the price of the close swing bar
And there are several terms associated with swing are as follows
Peak (P)
Is a form of swing high
Trough (T)
Is a swing low form
Higher Peak (HP)
Is a higher swing higher than previous swing high
Higher Trough (HT)
Is a swing low higher than the previous swing low
Lower Peak (LP)
Is a swing high lower than the previous swing high
Lower Trough (LT)
Is a lower swing lower than the previous swing low
After that we will be able to read where the trend will be, of course it can not be achieved without training. In addition traders have to find the right source of knowledge, traders must also be able to find a tutor who ekspert in their field.
If you want to learn complete technical analysis, you can learn from the ultimate advance practice workshop. In this workshop, you will immediately learn from master technical analysis with more than 10 years trading experience that has earned millions of dollars from capital just thousands of dollars. You will also be given basic financial Astrology which will make you more perfect in trading
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