Forex trading was never easy..it required a lot of professional acumen. Even today, it is not an easy road to travel but many technical tools have made the task easier. One such tool every trader should have is FX charting software for technical analysis. They use the candlestick patterns, they spread the fib grids for Fibonacci retracement graphs, they use the Bollinger bands and they also use the trend lines. They provide all these indicators on the screen and ask the trader to analyze the situation. The trader makes the analysis according to his perspective.
Archive for the ‘Technical Analysis’ Category
The financial market is consistently inconsistent by nature and in predictions. Since people can never be away from the financial arena of stock market and trends, forecasting the financial trend and nature turned out to be a necessity. Elliot wave principle essentially concentrates in forecasting or predicting the most common fluctuations in the financial sector. Elliot wave principle should be seen and treated as a technical sort of analysis about the upcoming trend and nature of the financial market.