The best CHARTS & PATTERNS for great FOREX TECHNICAL ANALYSIS!

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  • Опубликовано: 2 июн 2024
  • Andrew Lockwood (from Forex Signals) is here to talk about the best and most used forex charts to boost your forex technical analysis. Using the right charts is crucial to get the most out of your technical analysis and forex strategies. In this video Andrew explains how to analyse forex charts such as the bar chart, line chart, and candlestick chart. Line charts and candlestick charts are particularly important for forex traders as they use them to draw support & resistance, identify trends, and enter or exit trades. Andrew also boots up MetaTrader 4 (MT4) to show what these charts look like and how to find them within the world's most popular trading platform.
    For forex trading beginners learning how to trade forex, Andrew also introduces a few basic, but very useful, candlestick patterns for beginners: the bullish engulfing pattern, the bearish engulfing pattern, the bullish pin bar, and the bearish pin bar. After this lesson you will know how to read candlestick charts like a pro.
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    * The information provided in this video is intended for educational purposes only and is not to be construed as investment advice. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. There is a possibility you could sustain losses of some, or all of your initial investment and therefore seek independent financial advice if you have any doubts.
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Комментарии • 45

  • @ForexSignalsTV
    @ForexSignalsTV  3 года назад

    🙋‍♂️ What chart type do you use the most often?
    👇 Let me know, and I'll do a full advanced video on the most popular chart!

  • @blairryan2432
    @blairryan2432 3 года назад +34

    Forex/stock trading can be really profitable and very disastrous as. But with the right techniques,proper risk management and experience good returns are ensured while bringing losses to the least minimum

    • @kitahiroko4989
      @kitahiroko4989 3 года назад

      You're right but I have tried to read up about tradings following charts and signals and I'm yet to start enjoying/profiting off forex/stocks trading

    • @lujakhalaf5976
      @lujakhalaf5976 3 года назад

      Been interested in stocks and crypto myself but don't know how to go about trading it yet I already lost 5grands trying.

    • @blairryan2432
      @blairryan2432 3 года назад

      What most people fail to remember is that before venturing into any form of investment it's advisable you carry out personal research so you get accustomed to how it works and also what works for you because in trading there are lots of working strategies and principles out there but you have to know which one works for you
      You primarily need to know the ropes

    • @peethoen7625
      @peethoen7625 3 года назад +1

      RUclips is good but no one here is going to guide you through the process
      If you really want to profit from stock trading then you'd take out time to properly learn how to trade following online courses or better still get an expert/professional with good market experience to assist you
      Personally I would go with the later

    • @jochimgerver4160
      @jochimgerver4160 3 года назад

      Honestly I don't have the luxury time to enroll for courses and follow charts sitting glued to the screen I'd rather go with the idea of an expert
      I lost over $10,000 trading myself but now on the recovery part working with a professional

  • @fernandosanchez9183
    @fernandosanchez9183 3 года назад +29

    I keep washing this video but anytime I try this
    But it doesn’t work for me
    I lost some money in 2days with pairs that included USD
    What do I do now?

    • @wilsonnoah651
      @wilsonnoah651 3 года назад +10

      Are you new to the forex market?

    • @larrybush2235
      @larrybush2235 3 года назад +9

      I am new and skeptical about trading with a live account I have been learning with a demo accounts
      And I don’t see the profits even in the demo

    • @fernandosanchez9183
      @fernandosanchez9183 3 года назад +7

      @@wilsonnoah651 I am new
      But I still want to see profits

    • @wilsonnoah651
      @wilsonnoah651 3 года назад +11

      Don’t rush the process
      It’s okay to lose
      Or you could try an expert to help you grow your account till you’re done with the learning process

    • @larrybush2235
      @larrybush2235 3 года назад +9

      Recommend an expert for us then, Trevor

  • @vitorwdv
    @vitorwdv 3 года назад +2

    Thank you, Andrew! Gotta love education with humor. Keep up the good work! Congratulations from Brazil.

  • @albertsia650
    @albertsia650 3 года назад +2

    I always confuse the pattern of bullish pin bar and bearish pin bar 😂, now this video helps me alot. Thanks 👍

  • @FastPips
    @FastPips 3 года назад +1

    Andrew is the BOSS

  • @kamalprasanna3968
    @kamalprasanna3968 3 года назад

    Thank you Andrew...

  • @SushmithaSivan
    @SushmithaSivan 3 года назад

    great video, nicely put. what timeframe would you recommend for that different charts? does it matter at all?

  • @snehalchopade3522
    @snehalchopade3522 3 года назад

    Thanks 🙏🏻

  • @lungelomdladla4052
    @lungelomdladla4052 3 года назад +1

    it's always great learning from you Sir.

    • @lungelomdladla4052
      @lungelomdladla4052 3 года назад

      @@ForexSignalsTV Ngiyabonga Sir, with much relevant info indeed to happy trading..

  • @rdtradecraft
    @rdtradecraft 3 года назад

    Andrew, does not the bar chart show the same five bits of info by virtue of the fact that a close higher than the open is a bullish bar and a close lower than the open is a bearish bar? I grant that it might be easier to see at a glance on the candlestick chart, but they show the same information.

  • @baz914
    @baz914 3 года назад

    Thank you, very helpful. Please could you do a video on how to backtest the naked trading strategy?

    • @jiffhill8246
      @jiffhill8246 3 года назад

      It depends on the strategy you are using

  • @spvadha
    @spvadha 3 года назад +3

    Can you plz explain all things with live market and with real money
    For couple of days ?

    • @spvadha
      @spvadha 3 года назад

      @@ForexSignalsTV thanks 🙏👍

  • @bonfacemugo2924
    @bonfacemugo2924 3 года назад +1

    Hallo Andrew long tine to see your video

    • @bonfacemugo2924
      @bonfacemugo2924 3 года назад

      Thanks alot looking forward to learn more from you although I've found Forex to be very very hard

  • @dayand1189
    @dayand1189 3 года назад +1

    Candle chart

  • @yendras
    @yendras 3 года назад

    Hi and thx for the video. Could you please comment the post in fb about giving 40 btc to the community...?

    • @jiffhill8246
      @jiffhill8246 3 года назад

      Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange service that elevates investors and their financial status.

  • @user-rr7rg1vl7c
    @user-rr7rg1vl7c 3 года назад

    سلام وعليكم