I was recently looking a changing spread betting companies. To my shock there are about twice as many now as there were when I last looked. At first I thought ‘oh no where do I begin?’ but then it was obvious that I was in the driving seat. They wanted my custom.
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Filed under: Trading
As a trader, you need to master the two technical indicators that are very simple to use but most effective. These are the trendlines and the moving averages. These two technical indicators can be used with a naked eye by just eyeballing the chart. They work for all markets. While calculating the moving averages, the time period used to calculate the average is very important. The shorter the time period, more fluctuations and whipsaw. What this means is the chances of getting wrong trading signals increase with shorted time periods.
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Filed under: Currency-Trading
How do you know this is the market top or the market bottom when you look at the chart? The most reliable chart patterns that tell about a market top and the market bottom is the M and W patterns. Sometimes these look like the Double Top or the Double Bottom or what many chartists call the Head and Shoulder Pattern.
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Filed under: Currency-Trading
