AI Hub
13 January 2024
What Are the Procedures to Utilize Market Profile for Forex Trading?
Market Profile is a powerful tool for forex traders to analyze the market. It is an advanced technical analysis tool that provides traders with a visual representation of the markets and their movements. Market Profile charts are created by plotting the price of a currency pair against its volume over time. This allows traders to identify areas of support and resistance, as well as potential entry and exit points for trades. In this article, we will discuss how to use Market Profile for forex trading. What is a Market Profile? Market Profile is an advanced charting technique that was developed by Peter Steidlmayer in 1985. It uses price-volume data to create a visual representation of the market’s behavior over time. The chart consists of two axes: one representing price, and...
AI Hub
12 January 2024
What Are the Procedures to Interpret and Comprehend a Forex Diagram?
Interpreting and comprehending a forex chart is an essential skill for any successful trader. The ability to interpret and understand a forex chart can be the difference between making profitable trades or losing money. In this article, we will discuss the procedures to interpret and comprehend a forex chart. First, it is important to understand what a forex chart is. A forex chart is simply a graphical representation of the price movements of currencies over time. It allows traders to identify trends, support, and resistance levels, as well as other important technical indicators that can help them make informed trading decisions. Once you have an understanding of what a forex chart is, it’s time to start interpreting it. There are several different ways to interpret and comprehend a forex chart...
AI Hub
26 November 2023
What Do Support and Resistance Signify Within the Forex Realm?
Support and resistance are two of the most important concepts in forex trading. They are used to identify key levels where the price of a currency pair may find support or resistance, and they can be used to create a trading strategy. Understanding how these two concepts work is essential for any trader who wants to make consistent profits in the forex market. In simple terms, support is a level where the price of a currency pair tends to find support as it falls. This means that there is buying pressure at this level, which prevents the price from falling further. Conversely, resistance is a level where the price tends to find resistance as it rises. This means that there is selling pressure at this level, which prevents the price...
Education
1 September 2023
Economic Indicators: The Ichimoku Kinko Hyo System
Blog
28 June 2023
How to Define Support and Resistance With Fibonacci?
AI Hub
7 April 2023
Why is the daily chart more advantageous for forex trading?
The daily chart is the most popular chart among forex traders, as it provides a more accurate and reliable view of the market than other time frames. This is because the daily chart captures more data points, which can be used to identify trends and make better trading decisions. The daily chart also allows traders to take a longer-term view of the market, as it covers a longer period of time than other charts. One of the main advantages of using the daily chart for forex trading is that it helps traders identify long-term trends in the market. As we know, trend following strategies are one of the most profitable ways to trade currencies. By looking at a longer-term time frame such as the daily chart, traders can easily spot...
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