This article shares 10 simple techniques that can help you identify the best entry points. The element of analysis and prediction is the main key to success in any type of trading.
Since currencies in the Forex market are always traded in pairs, the first question a trader needs to answer is which currency pair would be best to trade, and when to get in and out of the market.
The Olymp Trade customers use a wide variety of market analysis techniques to find the best trading strategy. These methods help them study the price movements and determine the entry points.
Can we call this list of methods for analyzing the asset price when trading on Olymp Trade complete? Certainly not, but now you understand what direction you can move in.
RSI - Relative Strength Index is a technical indicator used in the analysis of financial markets. It intends to chart the current and historical strength or weakness of a stock or market based on a recent trading period's closing prices.
The Bollinger Bands strategy combines the Support and Resistance indicator to open orders based on a reversal signal. The accuracy of the strategy's signals is 70%, which is relatively high when trading Fixed Time Trade.