Even if you only do the same day to close the short term s forextradingbrokerwebsitegle, you can not just rely on the hourly chart, not to mention that in the foreign exchange market, if you want to get more profits, medium forextradingwebsiteonline long term operation forex trading site very useful weekly and daily charts are useful in helping investors to identify the cashback forex and cycle with the trend of the single is the secret to win in the foreign exchange market to provide trends and major resistance points, is the most important function of the daily chart In addition, the symbolic meaning of each daily chart line: usually, the opening price is very low and the closing price is close to the highest price of the day, is a buy signal; closing price and the opening price is the same, is the market waiting, may turn the signal; and the opening price is low, the price rose, and then returned to the opening price below the closing market, is a clear down signal It should be noted that these signals must be combined with other analytical tools Use, the accuracy rate is higher in the large upward trend, often interspersed with some small downward trend, these small downward trend of time usually in a week or so, only often study the daily chart and weekly chart, it is possible not to be muddled by the short-term trend follow the trend of buying and selling to pay attention to the potential just formed when the decisive follow-up, most investors are prone to make the mistake of following up too late in the downward trend, always think that the price has been too low, so constantly counter-trend Buy, occasionally catch the rebound opportunity to earn a little, but if you catch the wrong resistance point, or fail to close the position in a timely manner, will be trapped, the longer the delay, the greater the loss Weekly and monthly charts are not only for long-term investors to refer to the role of the weekly chart is in addition to reveal the general trend, it also reveals the cyclical pattern of foreign exchange, for example, before the beginning of 1985, the British pound is basically in the resistance line a line in the down cycle For example, before the beginning of 1985, the British pound was basically under the resistance line a line in the down cycle, after which it continued to rise above the support line b line for four years, up nearly 9,000 points from 1989, the British pound is in the range of 1.5 to 2.0 cyclical cycle Usually, if the position of the weekly chart in the up cycle, the last weekly chart closed at a high, this weeks price breakthrough last weeks highest point, these are signs of an increase in the market trend to judge the big turn, the weekly chart in the foreign exchange cycle The position of the cycle is very important The way of the military in the foreign exchange market, it is important to improvise For investors who do not have deep skills, looking for the top and bottom of the market, may make you lose all your money, but highly skilled foreign exchange trading masters, but there are people dedicated to find the top and find the bottom of the method, lose small profits, accumulated billions of dollars of wealth The psychological behavior of the foreign exchange market characteristics, is not unchanging, study these at any time Changes, the market and their own psychological behavior characteristics of a good grasp, then know yourself and your enemy, not too far from the victory over the foreign exchange market!
