Watch this video to learn about trading reversal bars systems in forex. If you’re not familiar with this, I suggest starting with this vid and learning even more from there.
Forex Trading System
Watch this video to learn about trading reversal bars systems in forex. If you’re not familiar with this, I suggest starting with this vid and learning even more from there.
There are a lot of forex signal services both free and chargeable. But many of them, unfortunately, are really useless. I’ve found two companies whose returns have been fairly reliabe lately: www.understandmarket.com (mid-term trades) and www.fxmaster.net (short-term trades). For fair reviews on various signal providers you may visit www.fx-review.com or www.forexbastards.com.
Price action in forex is basically governed by supply and demand theory – if there is demand for the currency it goes up. If there isn’t price goes down. If there is too much supply, currency goes down and if there isn’t enough, currency goes up. That’s the simplest explanation – you might want to search around for supply and demand theory.
Most forex systems are based on price action because most traders use charts – technical analysis which depends on price action.