you need first to learn about candlesticks,trends,types of frame,you should learn everything about charts reading before trying to analyze it as you will not understand anything unless you learn first
you need first to learn about candlesticks,trends,types of frame,you should learn everything about charts reading before trying to analyze it as you will not understand anything unless you learn first
The major things that determine the viability of a currency is the nature of the move it normally show in the market.the less volatile a pair is the better the pair. So we have to watch that in every pair
All currencies is good if you can find a broker that is allowing you to trade. Since in forex trading you will earn via volatility. So its really does not matter if the price goes up or down. what matter is that the price is moving and you can take a ride out of that. I'm happy that some how I'm earning good and earning well in forex trading by just trading eur/usd. I don't want to say its good but this pair is the most traded pair. So I guess its good to start in here.
To know if currency is good depend on individual trading system and the session he or she trade. some one can know if the currency is good if the currecy obey his analysis and such currency must not be volite , the spread much be within two or three, the currency must pair USD either in quoted or base. The green candle on chart mean bullish while the red candle mean bearish.
There are numerous thread here Im mt5 forum, you can obtain the basics and acknowledge, first, you should read concerning the technical analysis is such an important, read the sticky thread is in the section of (Forex beginner), and you know good information about in the Forex marketOriginally Posted by diann
If the current traded price is higher than the price traded in the previous tick, the numerals are highlighted in green or blue(usually). If the traded price is lower than the price traded in the previous tick, the numerals are highlighted in red. Just spend time learning through the basics of chart reading. It is very easy and there is nothing to frighten about.
We need to get familiar with charts by reading it for some times. If we are good in analysis, then we should earn profits. Don't worry on market movements, just have some confident on your analysis and go ahead to place the order in the market.
Some time we should trading a pair that we know about the economic condition , or if know about the charracteristic of that pair , also from the news .
you just need to know the best time to enter .
I not think the currency may be regarded as good or bad. the contrary it is just a pair and youget to watch to the current schedule to determine measures to take. it would not wiser to classify it as good or bad, because then you will will be limited to that trade in. instead, to take them all into consideration
the green signals are besically used for buy and the red signals are used for sell. for more details you can visit the beginer section of this forum or visit babypipsdotcom.
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