It is common knowledge that experts in many fields have taken us to a whole new level of development over the last couple of decades. Computer technologies have changed our lives forever.
Financial markets have become extremely popular worldwide. Millions of traders seem to have devoted their lives to trading these markets. The most popular markets are stocks, commodities and Forex (currencies).
Forex has turned into the biggest financial market in the world in terms of daily turnover, which is over $4000bn a day.
Masterforex-V Academy on Forex Training
According to Sergey Krupenin, the chief of the school for beginners under , says that the key postulates of technical analysis involve:
1. The price takes everything into account, including every minor external factor. Any changes in the ratio between the supply and demand instantly affect the price.
Market prices are subject to tendencies. The notion of a tendency or trend is some of the key notions in technical analysis. In essence, everything that happens in financial markets is subject to a certain tendency.
Therefore, the major goal of charting is to spot those tendencies at the very beginning in order to be able to profit from them by following them. Most trading strategies urge traders to follow a certain trend or tendency.
2. Technical analysis and Forex market research are closely connected with human psychology as financial markets are mainly traded by humans. For example, all those price patterns that have been introduced and classified over the last 100 years reflect the key peculiarities of human behavior. They say, if those patterns worked in the past, it would be logical to suppose that they will work in the future as well because they are based on human psychology, which is not subject to rapid and major changes.
3. While technical analysis deals mainly with market dynamics, fundamental analysis is focused on studying those economic and political forces (including supply and demand) that influence financial markets.
Fundamental analysis tries to take into account all factors that can affect the price of a certain asset in order to determine the inner and real value of this asset.
Forex Trading Manuals Do Not Guarantee Profits. Why?
Masterforex-V Academy’s free school for beginners has become a home for thousands of beginners. It is an online project for those who are interested in trading Forex and other financial markets and want to become professional traders.
The school conducts weekly webinars for everyone. They are free! This week, local experts will tell the audience about the 3 cornerstones of correct wave analysis. Other items on the agenda include:
· Why is it impossible to go bankrupt when trading potions the right way?
· The roots of MACD.
· The AO indicator as a part of a ready-made trading system.
· The АО_Zotic indicator – a new secret weapons for winning
· Why don’t trading manuals guarantee profits?
The webinar is scheduled for April 13th 16:00 GMT. You are welcome to participate. For more details, please visit Masterforex-V Academy’s forum for traders and investors.
