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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🙋♂️ 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!
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
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
Been interested in stocks and crypto myself but don't know how to go about trading it yet I already lost 5grands trying.
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
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
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
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?
Are you new to the forex market?
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
@@wilsonnoah651 I am new
But I still want to see profits
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
Recommend an expert for us then, Trevor
Thank you, Andrew! Gotta love education with humor. Keep up the good work! Congratulations from Brazil.
I always confuse the pattern of bullish pin bar and bearish pin bar 😂, now this video helps me alot. Thanks 👍
Andrew is the BOSS
Thank you Andrew...
great video, nicely put. what timeframe would you recommend for that different charts? does it matter at all?
Thanks 🙏🏻
it's always great learning from you Sir.
@@ForexSignalsTV Ngiyabonga Sir, with much relevant info indeed to happy trading..
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.
Thank you, very helpful. Please could you do a video on how to backtest the naked trading strategy?
It depends on the strategy you are using
Can you plz explain all things with live market and with real money
For couple of days ?
@@ForexSignalsTV thanks 🙏👍
Hallo Andrew long tine to see your video
Thanks alot looking forward to learn more from you although I've found Forex to be very very hard
Candle chart
Hi and thx for the video. Could you please comment the post in fb about giving 40 btc to the community...?
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.
سلام وعليكم