Ten Forex Trading Skills for Beginners! Part II

Forex trading is a better financial tool than investment in the stock market, featuring discretionary time and greater leverage. Therefore, WikiFX has elaborately concluded ten trading tips in the forex industry for beginners.

Fibonacci Sequence

This tool assists traders to accurately find the resistance levels and supportive levels of trends relating to currency pairs in a bid to strongly provide theoretical support for entering the market.

Candlestick Pattern

It is a movement in prices shown graphically on a candlestick chart that can predict a particular market trend. According to this technique, not only a bull or bear market can be analyzed, but a golden opportunity of entering or exiting the market can be found.

Moving Average (MA)

This rule is proposed by Jogepsb Ganvle, an American expert at investment, that is used to forecast the price movement, a skill conducive to researching and confirming the buying and selling levels.

Butterfly Pattern

This is an offbeat technique, including six price patterns, with high accuracy in predicting the market. The only flaw of this skill is that it has high requirements for operation.

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