Today i am going to tell about forex market.The forex market if basically the electronic or online business,In forex market we basically doing trade on different pairs of currincies, commodities and different stock etc.For forex market really need good experience.If any body have enough experience and have much control on Fx market then this business is one of the perfect business in the world.but for unexperience and newbies its really difficult and dangerous. Because in forex market no body know whats the market behavior and how the market react on this part and whats the real market today.for these thing you really need to be have experience because a expert always do analysis first before any trade when he conclude the result and find out the perfect direction of the market then he open his trade.different experts use different technic.l some do own analysis some use different indicators or Templets.like
Like above the pic is a bollinger bond pic in this pic every thing is define in pic.In this bond we just do trade inner the bond if any candle close out side the bond then not open any position and wait untel the candle not close inner side when any time frame the candle close inside the bond we just open the position and take huge profite. but need to be patient and relax mind in forex market.
This above pic is moving average pic,In moving we open own position when one moving average cut other one and wait untel the target not achive.
RSI is also a strong indicator we open own position when the RSI over bought or sell.lot of peoples are use RSI in different methods and calculation they use.
Stochastic also a strong indicator we mostly open the position his position when the stochastic is over sell or over bought like in above pic its mentioned.
That's elliott wave and one of my favorit i really love this one that's not and indicator that a technic only the few experts can use these one because thats not easy to find out direction with the help of elliott wave.For elliott wave need to calculate the waves first.few company in the world provide the signal on the base on elliott wave who's always in top of ranking like the top on is elliottwave-signals.com
we have lot of other indicators too which different traders use,some time the trader use templets the tmeplets are the combination of different indicators.so all the indicators and templets are the electronic one most of the export ignore to use indicators they one do own study like elliotte wave