Analytics

What is currency market analytics

. Technical analysis of the currency market - accurate forecasts of price movements of an asset based on the analysis of past movements - is an effective way of research. It is used to trace the past rate fluctuations. On the basis of these data it is determined which way the chart will move - to the south or to the north. That is, the price is tracked only on the basis of the movement. Evaluation of fundamental factors is not performed. Analysis of currency forecasts is a combination of measures related to each other, through which the subsequent movement of the trend is determined as precisely as possible. But using only one tool or indicator will have no effect. It is necessary to compare information with the help of different tools, to study trading signals in order to get an accurate forecast. Analytics is performed on several parameters. These are: - price change; - Number of open positions; - volume of transactions. The price change indicator dominates. Other parameters complete the picture and only confirm the forecast. The market analysis is based on several main notions. If the trader does not know the trends, he will not be able to analyze the situation correctly. There are three directions of the market movement. An uptrend is a bullish trend when the price is headed upward. A downtrend is a bearish trend when price is heading downward, and also a sideways trend is a period of stagnation, uncertainty. Every trend is seldom met on the market in its pure form. Price movement is invariably accompanied by pullbacks. If you are a beginner, trade only on pronounced trends. Even professionals are afraid of flat.

Basic principles of analytics

. Adhere to the three major principles of technical analysis, in order to make a profit and become a successful trader: - The movements of the currency market are influenced by various factors. The price moves down or up due to political, economic changes. For example, the lifting of the EU sanctions against Iran can be considered as a powerful trigger for quotation changes. - Trends repeat themselves systematically. The price periodically draws the same patterns. It is because the psychological factor remains the same in spite of the constantly changing situation in the world. Traders often use pattern behavior on the market, they equally react to some news. If you know the reactions of market participants, you will be able to open and close positions on time. - The trend is the basis of any movement. That's why the analysis is carried out by identifying the trend on the market. If the currency market were chaotic, it would be impossible to talk about making money and forecasting. This section of the portal provides up-to-date information about the market changes. Evaluation of trading signals, analytics and correct forecasts will help to make successful trading on the currency market.