elementary guide

In this Elementary section, you can focus on Market Analysis. Here we will discuss how to use the Technical and Fundamental Analysis to analyze the price of the currency pairs. You will learn how to find the support and the resistance level while placing the order. The following are some of the important economic factors that you will need to analyze the market movements.

What is Technical Analysis?

Forex is the one of the largest financial markets all over the globe in which you can trade one currency into the other.

Different Types of Forex Charts

The chart is basically used to show the display visual mode of the currency price. There are three main charts used in the Forex Market they are as given below.

Different Types of Trend Lines

The trend line is one of the most important terms used in the Technical analysis of Forex trading. There are three types of trends as given below.

What are Support and Resistance Level?

Support and the Resistance level of one of the most important terms to understand the chart pattern in Forex Trading.

Forex Pivot Point in Trading

The pivot points are most widely used Technical Indicators in Day Trading. The Pivot Point will indicate that the support and the resistance levels

Technical Indicators in Forex

The Technical indicators are the mathematical tools that are used to analyze the market movements including the figures open price, High, Low, closing price, and the volume.