TRADING STRATEGY page 4

Every trader understands that changes in the rate of financial assets can bring good profits as well as serious losses. That is why the ability to predict the future movements of the market, which allows for making the right trading decisions, is so valued. Technical analysis instruments, which help to identify the patterns on charts, assist in this. One of the most effective methods is the Elliott Waves based on the study of crowd psychology, the essence of which we will consider in this article.

The On Balance Volume indicator is integrated into the standard package of Meta Trader terminal algorithms, so it is available to all users of this program. The tool is designed to determine the balance volume of the market. It is a dynamic algorithm that constantly changes its readings depending on the price of the trading asset and total market volumes. Let's consider in detail the principle of work of OBV indicator, signals, and ways of trade on its basis.

In forex trading, a lot of attention is paid to analyzing the behavior of a single asset. A trader opens a chart and watches how the price moves. This, of course, is useful, but there is another way to work in this market - the correlation of currency pairs. Simple mathematics can significantly improve your trading system. Read the article and your curiosity will pay off. What is Correlation in Forex Correlation is the relationship between price movements of compared assets.

Right before opening trades on the forex market, every trader carries out a technical analysis of the chart. It is necessary to find the most profitable market entry points and use them most effectively. In fact, at this stage, the user sets a vector for all their future actions. Using the information obtained in market analysis, the user can choose the best trading strategies and ways to implement them.

Russia's invasion of Ukraine has pushed oil prices to their highest level since 2008 and raised fears of "stagflation," writes Business Insider. We are now seeing a surge in the prices of oil, gas, wheat, and base metals, dashing hopes for a strong (and soon) global economic recovery. Oil hit its highest level since July 2008, raising investor fears of "stagflation," a dangerous combination of high inflation and a stagnant economy - low or even negative growth.

Forex trading is one of the most promising activities for those who want to have a source of income, independent of crises, quarantines, and other restrictions. In the foreign exchange market, some assets are always getting cheaper, others are getting more expensive, and every time you can make money on exchange rate fluctuations from the comfort of your home. All you need for forex trading is a computer, the Internet, some knowledge about trading fundamentals, and an account at a brokerage company. Today, we will learn what steps you should take to start trading forex.

Forex strategies are an integral part of trading for any trader. Unlike chaotic trading, forex trading strategies are distinguished by clear rules for entering a trade, the exact observance of which allows making a regular and stable earnings. Often success in the forex market depends not on luck, but the right trading strategy. In this article, we will discover some of the best strategies for you to apply next year.

It's not a secret that to trade successfully on the forex market, it is required to constantly carry out technical analysis of the chart. In practice, there are so many methods to study the currency market, but they all require considerable time. That is why traders use forex indicators to facilitate the trader's work at this stage.

It is quite difficult to work in the Forex market without any strategy. That's why hundreds of thousands of traders are testing and improving existing tactics daily in search of the one that will bring impressive returns. One of such strategies can be called the London Breakout. The system of trading over the time of its existence has grown many variations, but its essence remains the same. Let's examine in detail several ways of trading this Forex strategy.

The MACD and RSI trading strategy is highly popular among new traders and scalpers. Its simplicity and amount of trading signals make it a versatile approach to trading forex. Another benefit is the ease of developing an expert advisor (EA) in MT4 using the MQL4 editor that comes together with the MT4 installation. Alternatively, traders may find it in the marketplace either for free or at a small cost. Since the MACD and RSI trading strategy is a straightforward trading strategy, there is no risk of an EA not functioning as coded, and traders can test it in a demo account.