When you start trading, you always need some technical helpers which will tell you: “Hey! Here is a nice entry point. Ans here’s an exit point, take profit, man!” These are technical indicators (and those that are mentioned in this article are even the best Forex technical analysis indicators). They help you in defining a trend and calculating when it’s better to enter/exit from the market. Choose them wisely, as your success often will depend on them.
Japanese candlesticks are one of the most popular methods of the technical analysis. Combinations of Japanese candlesticks are used for two purposes: they help to recognize the current trend and determine entry points to open long and short positions as well as identify possible reversals in the market.
Not so long ago, people asked whether I read some market analytics and where do I find it. I always read the market commentary and always try to compare that information with my own technical analysis and forecasts.
If you read some financial news or articles, you are probably to meet different market sentiment indicators. At first sight, it is not very clear what do these indicators mean. So let’s find the answer!
The Internet is full of information about the benefits of technical analysis (TA). Today, there are hundreds of courses that teach traders to read short-term “technical” patterns. All this pushes the idea that technical analysis brings profit for sure. But are technical trading rules really profitable and should they be used in trading? Let’s consider technical analysis problems.