FXTM information and reviews
FXTM
95%
OctaFX information and reviews
OctaFX
94%
XM information and reviews
XM
93%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
91%
HFM information and reviews
HFM
89%

XPro Markets - Boost your Technical Analysis Skills


What is your angle when trading in the financial markets? Do you opt for the technical analysis strategy or are you a "fundamentalist" when it comes to trading? To be in a better position to control your trades, it’s important to keep improving both your technical analysis and your fundamental analysis skills. This can give you a more holistic picture of the markets and eventually give you the edge you need to seize the moment.

If you continue reading below, this article will offer you a better understanding of technical analysis and the benefits of implementing it into your trading strategies.

What is Technical Analysis?

In technical analysis, price patterns and trends are observed on charts to evaluate investments and identify trading opportunities. Technical analysts monitor past trading activity and price changes and utilize them as effective indicators of a security's future price. In other words, this type of analysis is all about looking closely at charts and price movements with the aim to have a better picture of what is to come in the future.

XPro Markets - Boost your Technical Analysis Skills

Technical VS Fundamental Analysis

The basic principle that will help you remember the difference between these two main schools of thought when it comes to trading analysis is that one analyzes data and the other analyzes the news. Technical analysis looks at data gathered from price movements and trends of CFDs in an attempt to predict future price movements.

On the other hand, fundamental analysis focuses on economic news and market updates that impact your assets. Every economic event has the power to change the market overview.

This is why traders need to stay up to date with everything that has to do with the global economy because this can help them think out their next move more easily and effectively.

Basic Technical Analysis Indicators

Technical analysis trading can be supported by a wide range of patterns and signals developed through research. Various types of trading systems have also been developed by technical analysts to help them forecast price movements. There are many indicators available for identifying current market trends, including support and resistance areas, as well as those that assess the strength and longevity of a trend.

The following are some of the most common technical indicators and chart patterns: Trendlines, Channels, Momentum Indicators, and Moving Averages.

Level up your Trades

Want to build your ultimate trading strategy? Focus on combining technical and fundamental analysis so you can increase your confidence in the markets. Your XPro Markets account grants you access to Trading Central’s cutting-edge technical indicators and your real-time economic calendar to keep track of your trades. Log in now to find out more!

Risk Warning: Contracts for Difference (‘CFDs’) are complex financial products, with speculative character, the trading of which involves significant risks of loss of capital. 
Disclaimer: This material is considered a marketing communication and does not contain, and should not be construed as containing investing advice or a recommendation, or an offer of or solicitation for any transactions in financial instruments or a guarantee or a prediction of future performance. Past performance is not a guarantee of or prediction of future performance.
#source

Share: Tweet this or Share on Facebook


Related

Key Economic Indicators And How To Use Them In Forex Trading
Key Economic Indicators And How To Use Them In Forex Trading

Financial markets as well as the economy of any country in general are not static. It experiences periods of growth and decline, which together make up economic cycles...

What Is the Risk/Reward Ratio and How to Use It
What Is the Risk/Reward Ratio and How to Use It

The risk/reward ratio tells you how much risk you are taking for how much potential reward. Good traders and investors choose their bets very carefully. They look for the highest potential upside...

Do you follow the Trend Lines?
Do you follow the Trend Lines?

Looking for ways to boost your technical analysis skills? Keep reading to see if trend lines are part of your trading strategy!

Everything To Know About a Crypto Bear Market
Everything To Know About a Crypto Bear Market

When you hear the term "bear market", it typically means that a market has dropped by over 20%. This harkens back to Wall Street, which uses the term bear market to describe when large amounts of losses have been realized...

What Is Crypto On-Chain Analysis? Definition & Meaning
What Is Crypto On-Chain Analysis? Definition & Meaning

Blockchain transaction data is publicly available, creating possibilities for data science and machine learning. All trading and investment activity can be extracted from the public...

Fundamental Analysis Explained: A Trader’s Tools For Profitability
Fundamental Analysis Explained: A Trader’s Tools For Profitability

What is Fundamental Analysis? There are many ways to define fundamental analysis, but breaking it down to as simple terms as possible, it is the study of the underlying...


Editors' Picks

FXCM information and reviews
FXCM
87%
ActivTrades information and reviews
ActivTrades
86%
RoboForex information and reviews
RoboForex
85%
MultiBank Group information and reviews
MultiBank Group
84%
Libertex information and reviews
Libertex
83%
Vantage information and reviews
Vantage
83%

© 2006-2023 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.