Ict Trading Opinions – An Introduction to Forex Trading
Understanding Market Structure
Forex trading, often called currency trading, is one of the most popular and potentially lucrative forms of financial trading. It involves trading currencies from two different countries against each other, such as the U.S. dollar and the euro. Those wishing to take part in forex trading need to understand the basic principles of the market, which include market structure, price action, and institutional trading concepts. Understanding market structure is an important part of trading in forex. With market structure, traders must understand the different market conditions that can affect the outcome of positions. These include factors like economic data releases, traditional support and resistance levels, and correlation among pairs.
Price Action
Price action is another important concept in forex trading. Price action helps traders identify potential entry and exit points in the market. It also helps traders analyze market trends and developments. By understanding price action, traders can look for opportunities to buy and sell currency pairs. Price action is best understood by looking at the chart and seeing how prices are reacting to certain events, news, or economic indicators. Understanding how to read and interpret price action can be an invaluable asset for every trader.
Institutional Trading Concepts
Finally, traders need to understand institutional trading concepts to make successful trades. Institutional trading refers to transactions made by large financial institutions, like banks. These institutions use sophisticated algorithms to make large trades. Knowing what these institutions are doing can give a trader an edge in their trading and help them identify the best entry and exit points. Posted: 21 April 2019 02:41 PM Member Total Posts: 5 Joined 2011-02-14 Hi everyone…..just started trading with the help of chartict and there services are really good. Trades are well organised and they also have an SMS alert system which helps in remaining updated with the market trends. I would really recommend them for trading if anyone is in the market looking for service. Profile
