What Are The Most Basic Techniques That Every Trader Should Know???
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  • #1 Collapse

    What Are The Most Basic Techniques That Every Trader Should Know???
    Currently, there are a lot of techniques circulating, whether it's on social media grub or grub chat, but what are the basic techniques that every trader needs to learn???
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  • #2 Collapse

    Yes it is true that currently many new basic strategy come for the trading and many old tools used by far the best rating I think current situation in market use the trading strategy and the basic trading tools for the trading as I hope are follows...
    Indicator tools trading technique
    Also there is a lot of the indication we got from the the indicators for the best trading also this tool is an perfect tool and 80% people use this tool for the best reading I also use many indicator tool for the analysis like the moving averages also death cross petrol and golden cross pattern is most used by the trader like bollinger bands moving averages convergence divergence MACD volume relative strength index RSI these are the most used indicator by each other for the safe trading.
    Trading techniques on the fundamental data
    As you know that use the indicator tool for the trading and this type is the technical technique for the today and many member which have no experience to use the indicator to our technical technique for the trading they are seeing the fundamental data and then trade and I think that fundamental nature trading technique is dangerous because we are not wearing from me conflict of the the data impact and in such a way we don't analyse the market for the next confirmation.

    I think this is mostly used technique by the a trader for the best training but I think for the scalping and also for the robotics system trading the technical technique is good fundamental data trading is dangerous because when the news are deta this appear then there is the big bang in the market and if the market come into opposite of our favour then we will face the end of our capital

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    • #3 Collapse

      THE MOST BASIC TRADING TECHNIQUES

      Forex market is a complex market and difficult to make money from it. Looking at it from the surface, it appears very simple until you engage in a live trading, then you will realise that things are not the way they appear at the surface level. It is necessary that every trader should have a strategy to be able to harness the huge liquid cash that flows in the market every day. There are thousands of forex strategies that traders can make use of, some are very profitable why some others are not profitable. However, there are some techniques which every trader must know, the strategy you use not withstanding. They are the foundation on which most strategies are built, and they are price action related. So, an indicator trader that doesn't have any idea about price action will still be a struggling trader. The techniques are as follows:

      1. Support and resistance.
      This is the boss of them all. The support and resistance technique is not discriminating in nature. It works in all time frame and in all trading strategies. A very important and powerful technique that every trader needs to know.

      2. Trend line trading technique.
      This technique is very useful too. It is more like a slanting support and resistance, but it can't be used in all strategies yet very recommendable.

      3. Following the trend.
      For those who love to ride the trend, this technique is a must, for most traders, this technique is something they must consider. Trading against the trend is dangerous and it is advice to always take your trades in line with the trend.

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      • #4 Collapse

        Hi trader! How are you .I hope that you will be fine. As many traders know that forex trading is a big business . Millions of People Involve in this business .Traders use different techniques to succeed in this business.
        Some basic techniques are recorded !
        .......1 :Talking about basic techniques, you should practice on demo account ,And you must have basic knowledge of forex trading .So can you understand this business .
        .......2 : Forex trading should be considered a business and not a Gambling .Keep maximum balance in your account and used minimum lot size.
        ......3 : It is called ! Trand is your friend. It is very important to check the market trend before placing a trade. To see the market trend used diffrent time frame.
        All members of the forum have requested! Please like my post ,Like i like your posts .

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        • #5 Collapse

          There are things that are important to someone who is new to forex trading. Certainly if the professional traders look back in time they will want to tell their noob selves to learn some basic things that are crucial for their forex trading journey. Let’s try to look at it from a different angle than what others already mentioned....

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          The charting
          What we have today on our chart is by default a candlestick and depending on the trading platform that you use you will find RSI or Stochastic on it too. However, even before we learn about those technical indicators we have to learn first about the candlestick because this is the most basic of things in the forex trading business. From candlestick we should learn how to read the movement of the market encapsulated in time. We can learn about the patterns and the psychology behind each of those patterns to be able to read the market more efficiently.

          The most basic of all technical indicator
          Moving average is the most basic indicator in the world. From this indicator we have a whole derivative of technical indicators. This indicator is very simple to set up and very simple also to use. All you see is a line that you set up based on the amount of candle that you want to evaluate. If you want to evaluate how the price moves for the last 20 candles then you only have to set the value in the indicator to 20 and you will get the average of those 20 candles up until the current time. It’s this simple. How to use it though can be easy or complex depending on how you want to use it. The simplest technique to use moving average can still make money and many professional traders are still using it until today.

          Candle formations
          Every candle that shows up on your chart will form a pattern and every pattern has its meaning. There are various patterns that you can learn from but the most common are the simple ones like zigzag, double top/bottom, head and shoulder, triangle (and its variations), rectangle, channel, wedge, pennant, flag. There are also more complex patterns such as the Harmonics but this is already an advanced stuff and not really suitable for new traders.


          Those are the most basic things that if mastered, can already bring profit to the new trader.
          You only need to read THIS ARTICLE to make money from forex trading,

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          • #6 Collapse

            The forex market can be referred to as an online financial market where trading is currency pairs is done online by traders from different geographical area for the purpose of making ends meet and becoming a successful trader. The forex market is a very difficult financial market where lesser percentage of traders make consistent from the market and large percentage of traders sustain loss in the market which has also led to the situation where some traders have stopped trading, while some calling it a scam.

            There are many techniques traders can learn in order to improve their trading skills, knowledge, and experience about the market in order to become a successful traders. This techniques are referred to as trading strategies which traders use in combating the forex market. Trading strategy in forex can be generally referred to as techniques which is majorly used by forex traders in order to predict the future trades and make decisions on whether to buy or sell a given currency pairs at a given period of time. There are basically three types of trading strategy used by traders in the forex market which are:
            1. Fundamental analysis trading strategy.
            2. Technical analysis trading strategy.
            3. Sentimental analysis trading strategy.

            Fundamental analysis trading strategy: This can be referred to as type of trading strategy used by fundamental analyst to predict the price of a particular currency pair by monitoring the economical effect associated with the currency and that can influence the price of the currency. The economy factors that can influence the value of currency are economic growth, inflation rate, interest rate, corruption etc.

            Technical Analysis trading strategy: This is a type of trading strategy that focuses on the price movement and historical data in order to predict future trades. This types of trading strategy monitor the previous trade by the use of moving average, Bollinger bands etc.
            Attached Files

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            • #7 Collapse

              Originally posted by ProTrader1 View Post
              Currently, there are a lot of techniques circulating, whether it's on social media grub or grub chat, but what are the basic techniques that every trader needs to learn???
              the technical technique for the today and many member which have no experience to use the indicator to our technical technique for the trading they are seeing the fundamental data and then trade and I think that fundamental nature trading technique is dangerous because we are not wearing from me conflict of the the data impact and in such a way we don't analyse the market for the next confirmation.there are some techniques which every trader must know, the strategy you use not withstanding. They are the foundation on which most strategies are built, and they are price action related. So, an indicator trader that doesn't have any idea about price action will still be a struggling trader. The techniques are as follows:Forex trading should be considered a business and not a Gambling .Keep maximum balance in your account and used minimum lot size.technical indicators we have to learn first about the candlestick because this is the most basic of things in the forex trading business. From candlestick we should learn how to read the movement of the market encapsulated in time. We can learn about the patterns and the psychology behind each of those patterns to be able to read the market more efficiently..

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              • #8 Collapse

                Trading system worth learning

                In the forex market, there is just a whole of trading techniques, and any trading system that generates consistent profit is worth learning.

                The technical trading systems are usually based on
                • price actions method of trading
                • Lastly fundamental trading systems.


                So which of the above do a trader really have to learn?

                Learn the price action method of trading
                Price action is the method of trading that involves buying and selling through listening to the action of the price and then reacting accordingly.

                Their various system with price action and examples are
                • Support and resistance strategy
                • Breakouts strategy
                • Candlestick patterns
                • Chart patterns
                • Trend following etc.


                All these are pretty good ways to trade on the market. And pretty easy to learn, and it's the one I recommend for beginners.

                Indicators based system
                .
                Though am not an expert when it comes to indicators, but I have some few indicators in count as superior in the market

                The moving averages such (Moving averages and exponential moving average)
                With those two you can learn how to trade them on the cross over. That is (Moving Average crossover)

                I also like to use the Fibonacci retracement
                This indicator is very good to spot reversal, retracement in the market, and it's not as complicated as many indicators.

                I prefer using the above set of indicators basically because they can be used in conjunction with the price action style without any contradiction.

                Price action is making waves now, the earlier you learn it the faster you can become successful. Goodluck.

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                • #9 Collapse

                  TThis techniques are referred to as trading strategies which traders use in combating the forex market. Trading strategy in forex can be generally referred to as techniques which is majorly used by forex traders in order to predict the future trades and make decisions on whether to buy or sell a given currency pairs at a given period of time. There are basically three types of trading strategy used by traders in the forex market which are:
                  1. Fundamental analysis trading strategy.‌thetrading and this type is the technical technique for the today and many member which have no experience to use the indicator to our technical technique for the trading they are seeing the fundamental data and then trade and I think that fundamental nature trading technique is dangerous because we are not wearing from me conflict of the the data impact and in such a way we don't analyse the market for the next confirmation.there are some techniques which every trader must know, the strategy you use not withstanding. They are the foundation on which most strategies are built, and they are price action related. So, an indicator trader that doesn't have any idea about price action will still be a struggling trader. The techniques are as follows:even before we learn about those technical indicators we have to learn first about the candlestick because this is the most basic of things in the forex trading business. From candlestick we should learn how to read the movement of the market encapsulated in time. We can learn about the patterns and the psychology behind each of those patterns to be able to read the market more efficiently.

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                  • #10 Collapse

                    What are the most basic techniques that a Forex Trader should master?
                    This is a technical question, what do you mean by that? Maybe the technique in question is technical? When it comes to charting, the most basic thing that must be mastered is about the graph itself, and how to read charts. For example, someone who uses a Candlestick Chart or Bar Chart, they must understand the OHLC concept in a chart.

                    Next thing to understand is about Support and Resistance + with a Trendline. These are the basics. With Support and Resistance you can find and find out about critical levels. And with a trendline you can try to determine the direction of the current market conditions. Then what about technical indicators?

                    Currently, there are so many technical indicators and it is guaranteed that you can make a headache which one to use, and each of them has a fanatical army who always makes headaches. So if possible, the most important suggestions may be general ones, such as moving averages. I guess that's more than enough. You don't need a lot later to make your head dizzy.

                    That is technical.

                    Other basic information that a Forex Trader must master

                    Then what other basic information should a Forex Trader master? In my opinion, the way to read Macroeconomic reports is yes. Actually its simple like this. In the end, the macroeconomic report looks at the level of economic growth, namely GDP. Also pay attention to the per capita income. GDP increases, it is not necessarily okay if the per capita income decreases, meaning that there is a surge in population.

                    Next is what needs to be considered regarding what influences the monetary strength of a currency such as foreign exchange reserves, trade balance, political sentiment, and of course the level of debt of a country. But if you talk about debt, it's hard, if it's like the United States, which prints money continuously and the debt continues to increase, but its value continues to be strong, that's because the United States is a safe haven currency, so however the demand will continue to be strong.

                    For a major country, it is simple, you don't need to be complicated to read the macroeconomic report, as long as you just want to learn, and the language used is also not the language to make rockets fly to Mars.

                    Understand about Leverage
                    If you still think Forex trading is 1 pips = how many you want to keep looking for 10 pips, 30 pips, 50 pips, that's difficult. In the end, you will be stressed and addicted to pips. If you are addicted to pips it is dangerous because it will tend to gamble. Because we will tend to use the leverage that is given excessively if we are addicted to pips. Therefore, you must be wise about leverage and understand what Leverage actually is. What is margin trading? Now this is the most basic information that must be known.
                    [✓Guestteam Trading Journal✓]

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                    • #11 Collapse

                      The forex market can be referred to as an online financial marketplace where buying and selling is currency pairs is completed online with the aid of traders from one of a kind geographical location for the cause of making ends meet and turning into a a hit trader. The forex marketplace is a totally tough economic marketplace where lesser percentage of buyers make regular from the market and big percent of traders sustain loss in the marketplace which has also led to the scenario wherein some investors have stopped trading, whilst a few calling it a rip-off.

                      there are many strategies traders can examine in an effort to enhance their trading skills, knowledge, and revel in approximately the marketplace on the way to end up a a success buyers. This techniques are known as trading techniques which buyers use in combating the forex marketplace. buying and selling strategy in forex may be usually known as techniques which is majorly utilized by forex traders in order to expect the destiny trades and make choices on whether or not to shop for or promote a given currency pairs at a given period of time. There are basically three sorts of trading strategy utilized by traders inside the foreign exchange marketplace which can be:
                      1. fundamental analysis trading approach.
                      2. Technical evaluation trading strategy.
                      three. Sentimental evaluation trading strategy.

                      fundamental evaluation trading method: this will be known as kind of buying and selling method used by essential analyst to predict the rate of a particular currency pair by means of tracking the low-priced effect related to the currency and which could influence the rate of the currency. The economic system factors that could have an effect on the value of currency are economic increase, inflation price, interest price, corruption and so forth.

                      Technical analysis buying and selling strategy: that is a form of trading method that specializes in the fee motion and historical data to be able to are expecting destiny trades. This sorts of buying and selling strategy display the preceding alternate by means of the use of moving average, Bollinger bands etc.
                      different simple facts that a foreign exchange trader ought to master

                      Then what different basic facts need to a forex dealer master? in my view, the manner to examine Macroeconomic reports is yes. really its easy like this. in the long run, the macroeconomic document appears at the extent of economic growth, particularly GDP. additionally pay attention to the in line with capita profits. GDP will increase, it isn't necessarily k if the in line with capita income decreases, that means that there's a surge in population.

                      subsequent is what desires to be taken into consideration concerning what influences the financial energy of a currency which include forex reserves, alternate balance, political sentiment, and of route the extent of debt of a country. but if you speak about debt, it is hard, if it is just like the u.s.a., which prints cash constantly and the debt maintains to increase, but its price is still sturdy, it truly is because the usa is a safe haven forex, so but the demand will remain sturdy.

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                      • #12 Collapse

                        BASIC FOREX TRADING TECHNIQUES TO MASTER

                        There are several forex trading techniques to master for the forex trader to be able to make a good progress in his trading career. When a forex trader is equipped with these techniques, he surely would be moving in the right direction. Some of these techniques are discussed below.

                        1. TRADING SUPPORT AND RESISTANCE: In the forex market price fluctuations are witnessed almost every second. Price moves up, down or sideways and never goes in a single direction forever. From experience, however, we see when price pushes to the upside, it gets to certain points where it could not push up any further, but retraces from such points. Such a point at the upside is called a resistance point. When same is experience when price is decreasing but gets to a point and then stops to decrease and moves to the upside, such a point is known as support. The golden rule is to sell at the resistance and to buy at support. When the trader uses this technique, he gets good results.

                        2. TRADING WITH THE TREND: Forex trading becomes a sweet experience when the forex trader is trading along with the prevailing trend in the market. The trend is your friend, we often heard since price moves in line with the trend. This should make the trader seek to trade in the same direction with the trend.Hence the forex trader needs to be able to determine the prevailing trend in the market. A good advantage of doing this is that loss is small in the event a trade does not go as expected.

                        3. SELLING THE TOP: Selling the top is another good trading technique a forex trader should not joke with. Price tends to drop lower after a new high price has been created. The forex trader however has to be there when the height gets formed so as to be able to watch-out for the weakness of the upside move. When the weakness is seen, selling the asset is the next most profitable thing to do.

                        4. BUYING THE BOTTOM: Just as price drops after creating a new high, price also builds up after a new low has been created. Again the forex trader has to be there when price created the new low so as to watch-out for the weakness of the downside move. When the weakness is seen, buying the asset is quite reasonable. This is so because price tends to move up after a new low has been formed.

                        Forex traders can catch in on these techniques to improve their chances of success in the forex market.
                        Thanks for visiting my Trading Journal. Your contributions are highly appreciated. Thanks, friends!
                        https://forum.mt5.com/showthread.php...rading-journal

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                        • #13 Collapse

                          What are the basic techniques that every trader should know about ?

                          For someone new to forex trading, there are things that are important. Certainly, if experienced traders look back over time, they want to tell themselves something important to learn that is the key to their foreign trade journey. Let's try to look at it from a different perspective than some have discussed before.

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                          Diagramming:

                          By default, what we have on our map today is a candle and depending on the trading platform you use you can also find RSI or candlestick on it. We must first learn about the light, even the hints before we learn about these techniques, since this is the most basic thing in the Forex trading market. We should learn from candles how to interpret price activity in relation to time. In order to read the market more effectively, we need to know the pattern and psychology behind each of these patterns.

                          The most common technical indicators:

                          The most basic forecast in the world is the moving average. We have a complete derivation of technical indicators from this initiative. This indicator is very easy to configure and also very quick to use. What you see is a line by which you want to measure the amount of candle. All you have to do is put the value 20 in the indicator and you will get an average of these 20 candles for the current 20 hours if you want to determine how the last 20 candles work. It's very easy. However, depending on how you use it, the way you use it can be simple or complex. Simple average techniques can still make money, and many skilled traders continue to use them to this day.

                          Candle composition:

                          Each candle that appears on your chart will form a pattern and each pattern has a meaning. There are many patterns from which you can learn lessons but the most common are simple things like zig zag, double top / bottom, head and shoulders, triangle (and its variants), rectangle, channel, wedge, pen , Flag. There are also complex patterns like harmonics, but this is already a new thing and not really suitable for new entrepreneurs.

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