An Overview of The Bitcoin Code Investing Strategies, Forex trading refers to an international, 24/7, over the counter, exchange market where currencies of different nations are bought and sold. Trading is always done in pairs assuming the price of currency bought to go up and that sold to fall down. The Bitcoin Code Review is the largest liquid financial market making it impossible for any single investor to influence the prices of currencies.
There are two types of investment strategies in Forex:
Technical Analysis and Fundamental Analysis
Technical Analysis :
Technical analysis is usually done by small or medium-sized traders. Technical analysis takes into account the factors that actually affect the market rather than the factors that can affect it later. Thus, the price quote reflects all the factors that have affected it. Only the market alone produces the facts and figures that must be taken into account as other factors such as fear, hope, expectations or any other changes are not taken into account at all.
Technical analysis is therefore based mainly on these assumptions
* Price reflects all actual market movements. This means that the price includes within it everything known in the market, such as levels of supply and demand in the foreign exchange market, political factors and trade agreements, etc. In other words, the market is not interested in what may result from changes as it deals with actual changes. It works on the assumption that the price can only take one of three directions:
A bullish trend or a bearish trend or a sideways direction
* The whole thing lies with these market patterns, which are classified according to their strength. In the sense that these factors by their nature are frequent will eventually produce the desired results.
* History always repeats itself because human psychology changes very slowly over time. This makes market movements predictable.
There are different technical indicators:
1. Relative Strength Index:
It takes into account the percentage of the up and down movements and is expressed by the index across a range of movement between 0 and 100.
Graphs contain slopes and heights that are developed on the graph over time and reflect some significant or minor changes in the market movement model. Some technical models on the chart come in the form of:
* Triangle * Rectangle * Head & Shoulders * Double & Bottom Bilateral * Dishwashers * V
3. The gaps:
The gap represents the area on the bar chart that has not been traded.
* The upward gap: forming when the lowest price levels on a particular day is greater than the highest price levels during the previous day.
* The downward gap: forming when the highest price on a certain day is lower than the lowest price the previous day.
There are various digital theories that are used in technical analysis such as:
* Phoebe Nachi Theory * Jean’s theory
This indicator measures the price position in oversold and peak buying situations. It uses a scale between zero and 100 percentage points.
According to this analysis, the current economic, political and financial situation of a particular country and then its currency is examined. The economic and political conditions of a country depend on a number of factors such as interest rates, unemployment levels, export and import volumes, per capita income, percentage of the population living above or below the poverty line, inflation and trade relations with other countries as well as tax policies.
The principal or financial analyst examines and evaluates all of these factors before making the decision. Thus, fundamental analysis helps in the long-term decision-making process and enables short-term profits to be achieved through extraordinary economic developments.
Some indicators that assist in the basic analysis process include:
Reflects the total market value of all goods and services produced in a country within a given year.
2. Retail Sales:
Reflecting all the amount collected through retailers throughout the country.
Reflecting the change in prices of consumer goods.
4. Economic Cycle:
Reflect the different stages through which the economy passes. These stages include:
* Expansion * Peak Growth * Recession * Recession
5. Monetary policy:
Through which money supply is controlled in the local economy.
Successful Forex trading requires knowledge, time and market understanding. You can not win continuously in the Forex market because of its volatile nature. As a trader, you should always try to use both types of analysis, whether technical or fundamental, and make trading decisions based on market expectations and trends. Trade with money you can afford to lose without much regret. Using logic trading and if you are not fully sure you can take a break for some time.
Scalping the Forex Market for Profits Every Day
Mastery of Scalping in the Forex market is something that all new traders aspire to. However, it is not easy and requires a lot of focus and discipline.
Once you decide to use The Bitcoin Code Review method you will need to spend a few months trading for daily hours on a demo account to master the skill of using scalping.
One common way to use Scalping in Forex is on a one minute chart using a large series of muffin lines. Draw WMA’s (weighted muffin lines) on the graph: 10, 20, 30, 40, 50, 60, 70, 80, 90, 100, 110, 120, 130, 140, 150, 160, 170, 180, 190, 200, 210, 220, 240. Then set the price to the middle line or if you do not have this option you can set it to the close line. Adjust all the muffing lines in one color that is different from the price color.
This will make a blueprint full of details. Using the mentioned muffin lines you can simply see how strong the trend is, you will find that the price tends to follow the muffing lines back and forth.
What we will look for is resistance during the uptrend or support during the downtrend in the form of a double top or something similar to it. Once you find this area wait until you see a convincing breach of this level and then follow the trend to do the Escalping deal for part of this move.
This method takes some time training on them so you do not think you will be able to use them directly. Open a demo account with one of the brokers who offer a spread at a point or less and then trade daily at the same time for at least two months. I guarantee you will see a significant improvement when you become familiar with The Bitcoin Code method according to the flow of market movement.