FOREX
Forex markets are the largest in terms of daily trading volume in the world and therefore offer the most liquidity
The forex market is traded 24 hours a day, five days a week
The forex market is characterized by high leverages
Technical analysts often rely on :
History tends to repeat itself
The market discounts everything (asset prices incorporate all available information)
Price tends to move in trends
price movements is driven by market psychology which is determined by a mix of fear and excitement in the markets, markets move in short, medium, and long-term trends.
The price reflected in the charts is the most important
Prices are driven by large volumes of orders and expectations.
These orders are influenced by risk events and Often executed around major technical levels or specific dates Such as an NFP report or significant economic data that are published
price reversals often take place when the price is trading around major support or resistance zones and volume decreases significantly or increases significantly in combination with a change in the position map
