How do I measure in Forex?
is like the air we breathe. Without , it is impossible to make the right trading decision. is what makes prices move forward and creates trends. If you are a day trader, trend trader, or swing trader, you need to see the price move. Without , we can't make a profit. When there is no , we usually lose money. Thus, it is important not to ignore the analysis on Forex.
Why is it important to use indicators in Forex?
Very few traders know how to use analysis to increase their profits and minimize losses. Many traders don't understand why analysis is a powerful tool. We can even identify several types of Forex indicators available on most trading platforms. But, oddly enough, most traders don't know how to use indicators to maximize their profits.
is mostly useful because of its ability to draw attention to unusual purchases or sales. The price usually moves from periods of low-volume activity to high-volume activity. If you notice this heavy trading activity, you can trade alongside major players.
High volumes of purchases and sales can generate trends and be catalysts for changing the direction of the trend. analysis can help you see these trends before they are visible on the price chart itself.
Note: On hourly example EurJpy chart, you see that in between hours of 10 pm to 10 am PST/CA/USA is best time for me to trade, why? highest liquidity and volumes- covers end of Asian session-Beginning of London and London/NY session overlap- trade with big banks, they are the air that Forex needs to move.