How to Expect a Currency Rate in Forex

How to Expect a Currency Rate in Forex

Lesson 40 of the course of Forex education for beginners on the site of Forex Cochach we will provide you today about what mechanism and the way to predict the movement of the price in the Forex market or any other exchange The tools used are one in all types of stock exchanges

As mentioned earlier in the last lessons of the Forex education course, it will be your main concern is to analyze and predict the movement of the price of the currency pair you will be trading on

Let's say you decide to analyze the Euro-Dollar pair here. The chart will open to you through the MetaTrader program and you will start analyzing

What is the benefit of the analysis: simply to know or expect future currency movement and based on your analysis will enter a deal to buy or sell

The analysis will show you

If you expect the price to rise, you will enter a buy-in because you expect the price to rise

If you expect the price to drop, you will enter a selloff here because you expect the price to fall

Or the trend is to move the market in the direction of an accidental e-mail to rise or fall

What types of analysis will you be interested in and study to anticipate market movement

Two basic types must be used well and what comes after it will be an update to them or increase you to learn more about the market

But the two main types are technical analysis and fundamental analysis and in the next lesson you will learn the technical analysis

What is Technical Analysis in Forex

We will explain the technical analysis in a simplified way in this session provided by the site of Forex Coach to clarify the concepts of technical analysis and how to study and away from the complex terms will try to simplify things to facilitate the reader to know the knowledge of technical analysis

Yes, technical analysis, science will predict the movement of prices on the basis of knowledge and not a stroke of luck and will study and deepen it and needs to train a lot is not easy and also not difficult

There are already hundreds of professionals in this field and their main source of income, and there are those who fail only because he is not aware of the ins and the right way to learn technical analysis

First, what is the technical analysis: It is the study of the price movement of the currency pair in the past to determine and predict its movement in the future

What are the tools of technical analysis: For the movement of the price movement will depend on a set of tools Chat Graph and you will need to learn Japanese candles as well as technical indicators and many other tools you will learn in the next lessons only what is on you

Follow this course at length and complete now Go to the next lesson