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Best Technical Tools For Forex Trading
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[QUOTE="Shaf, post: 231278, member: 25467"] These tools can also be used when trading cryptocurrency or stocks in addition to forex. This is the reason people who trade one market type find it easier to trade the others once the necessary changes are made. As a beginner in trading, I've found the simpler tools to be more convenient especially using horizontal lines to find areas of support and resistance as well as trend direction. Sometimes, price will follow a certain moving average and bounce on each touch, but a trend that has shown exhaustion can give fake signals. Seasoned traders like to find areas of confluence, which is a place where many indicators show that you can take an action to make profits. A lot of traders will use their own strategy here, so there's a higher chance of success. [/QUOTE]
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