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Which currency are you trading? - EUR/USD/AUD/JPY?
- Thread starter shriekpurser
- Start date
It's mostly used for long term price patterns and you have to follow the waves that conform to Eliot wave patterns. You can read about it in detail for a better idea.What’s Elliot Wave Analysis?
Yes, have to be careful with the market trend and staying updated is the only option in my opinion.EURUSD among other major currency pairs is volatile but if you ask me that’s the major con for traders. If not aware of the shifts, one could end up losing a potential amount.
It's mostly used for long term price patterns and you have to follow the waves that conform to Eliot wave patterns. You can read about it in detail for a better idea.
That's why I found this forum very helpful. Got new thing to learn.
Been trading the major currencies for long mate, USD, GBP, EUR exploring more options now.The currency you need to choose on how prepared you are, if you are a beginner, take the most popular one and work with it and learn with it.
Any particular indicator that’s seized your interest except RSI? I’ve used this indicator for ages now and switched to MACD now with roboforex and fxview. It’s good too.Really Peter? That’s the first time I’m hearing something like this! How can you undermine the benefits of tight research which will basically lead you to know when to trade, what pairs, which platforms. Like it took me many months to zone in on oanda and fxview to start trading through them. And I am still not settled, started demo trading on Degiro and CMC Markets for exotic currency trading. And although RSI works most of the time for me, I am still very much open to learning the use of new indicators.
No guesswork here with this indicator. I started trading with it straight away to measure the market trends and momentum. No wonder it’s called the most profitable forex indicator.It's mostly used for long term price patterns and you have to follow the waves that conform to Eliot wave patterns. You can read about it in detail for a better idea.
Is it just me or you also experienced problems like viewing the signals late? Someone suggested it’s because the indicator doesn’t follow a strong market move.It's mostly used for long term price patterns and you have to follow the waves that conform to Eliot wave patterns. You can read about it in detail for a better idea.
@Gleycooym How about the pattern recognition indicator to view the candlestick patterns on the chart?