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Bill M. Williams (1932–2019) [1] was an American trader and author of books on trading psychology, technical analysis, and chaos theory [2] in trading the stock, commodity, and foreign exchange (Forex) markets. His study of stock market data led him to develop a number of technical analyses that identify trends in the financial markets.
Beginners: Many traders use technical analysis to plan their next moves, which involves looking at charts and price action to try to anticipate where a currency is headed next. Trend trading is a ...
The Elliott wave principle, or Elliott wave theory, is a form of technical analysis that helps financial traders analyze market cycles and forecast market trends by identifying extremes in investor psychology and price levels, such as highs and lows, by looking for patterns in prices.
The basic idea behind indicators is "to buy strong currency and to sell weak currency". If X/Y currency pair is up trend, it can be determined whether this happens due to X's strength or Y's weakness. For the calculation of indexes of this kind, major currencies are usually used because they represent up to 90% of the whole forex market volume. [6]
Technical indicators are a fundamental part of technical analysis and are typically plotted as a chart pattern to try to predict the market trend. [2] Indicators generally overlay on price chart data to indicate where the price is going, or whether the price is in an "overbought" condition or an "oversold" condition.
The main services offered by forex signal suppliers are: Exact or approximate entry, exit and stop loss figures for trades on one or more currency pairs; Supporting graphs and/or analysis for the signals; A trading history showing the number of pips profit/loss per month and/or the risk/reward ratio and actual trades. Sometimes (especially in ...
Candlestick charts are thought to have been developed in the 18th century by Munehisa Homma, a Japanese rice trader. [2] They were introduced to the Western world by Steve Nison in his book Japanese Candlestick Charting Techniques, first published in 1991.
Fractal branching of trees. Fractal analysis is assessing fractal characteristics of data.It consists of several methods to assign a fractal dimension and other fractal characteristics to a dataset which may be a theoretical dataset, or a pattern or signal extracted from phenomena including topography, [1] natural geometric objects, ecology and aquatic sciences, [2] sound, market fluctuations ...