Common patterns of trading in foreign currencies
Trading currencies, and also knowledge to trade in foreign currencies, involving the sale and purchase of currencies of countries in the foreign exchange market in order to make a profit. Over the profits to the investor what can be achieved through all trading is usually depends on several factors, and some of these factors are trading patterns, the techniques used in trading and luck.
Trading currencies: the multiple patterns
When trading foreign currencies online, you can follow any of the following methods of trading currencies. Quality method you choose will depend mainly on the profit target set and the time available.
And is a trading pattern in which the investor to trade frequently throughout the day and rarely leave any open position for more than one minute. As the time between the opening and closing is what is usually less than a minute, so-called rapid trading. Rapid trading usually aims to achieve a small profit (usually 4-15 points) of each center, and this requires this type of trading a deep understanding of the foreign exchange market and so it is desirable that the new players refrain from the use of this type of trading.
In this mode, investors are closing their positions of foreign currencies on the same day Bdaoha it. Day trading generally ends at 5 pm New York time the city. Traffickers aims behind daily trading pattern to achieve between 15 and 100 points on profit least from each center. This follows the pattern of the majority of traders trading currencies online and who use technical analysis, which is based on the study of graphs models, support and resistance levels and economic indicators, in Mtajrathm report.
Picks Investors who are looking to make a profit in the range 100 to 250 trading swing dot pattern, which leaves traders and the open positions for a period of two to five days and they sell at the best opportunity. It tends traders who use this style to use technical analysis by adjusting their status.
Trading center / trading in the long term:
This follows the pattern of trading on the whole traders who have a deep knowledge of the basic factors and the economy, and furthermore, you ignore the inevitable rise and decline of the market for months or even years to enter into this pattern of trading. It aims to trade in the long term to achieve more than 200 profit per point for trading, and traders who use this pattern using both technical and fundamental analysis by adjusting their positions.
Economic data: Economic data of a country, such as gross domestic product, industrial production, consumer price index, unemployment figures, the manufacturing index of the Institute for equipment management, retail sales, international trade and housing statistics, directly affect the value of the currency. The data are from the issuance of the government or a private body that is following economic performances. Economic data reflect the health of a country’s economy, so if that country’s economy in the waiver is likely to decline in the value of its currency against the currencies of other countries.
Trading mechanism: in this trading pattern, uses a strategy of pre-designed stores to place orders in foreign currency trading through to a program, and those strategies based on technical analysis and / or primary. This pattern does not depend on human decision.
Trading within a specific range: This type of trading depends on the shops that recognize a specific price range within which trading currency pairs in the habit, and depending on that scale then the shops open position at a low level and lock them when you reach the higher price level. When stores used this pattern, it is aware of the value of the profits that can be achieved from a specific center. We must follow this pattern only by experts, who understand the market well.
Trading on the news: When you open a center depending on the news that could affect the value of a currency, it has been used this style of trading. This pattern is designed to make a profit in the short term the impact of the news on the market.
You can adopt any of the trading patterns based on your requirements and levels of comfort you have in the foreign exchange market. Availability (Easy-Forex) means online trading enables traders to easily participate in trading currencies.