What are the top trading patterns in Forex market?



The foreign exchange market is a global distributed or over-the-counter market for the trading of currencies. This market determines the foreign exchange rate. The top trading patterns in Forex market are as follow:

  • Double Tops and Bottoms
  • Head and Shoulders and Inverse Head and Shoulders’
  • Rising Wedges
  • Falling Wedges
  • Bullish and Bearish Pennants
  • Bullish and Bearish Rectangles

These are the most used and popular trading patterns that is actually working for the forex trader. However, you can also invest in the stock market to earn high profit with the help of good advisory firm like 100mcxtips, khelomcx and many more that provides accurate and profitable tips on the basis of technical and fundamental analysis of the market.
(Source: https://www.quora.com/What-are-the-top-trading-patterns-in-Forex-market )




Comments

Post a Comment

Popular posts from this blog

What's your day trading experience?

Image
Day Trading refers to the buying and selling of a security within a same trading day that is defined by SEBI. It is the most riskier form of trading. So, I have seen the many darkest days where I have lost my money greater than my investment in the same day. I have learned a great deal of lesson from those days. I strictly not recommend day trading to anybody who have no experience or less knowledge. You need to have the solid plan based on the technical and fundamental analysis. You also need to stick to the plan as there will be moment where you will want to do things out of plan such as go for more profit than mentioned in the plan. The emotion and everything should be kept aside to trade successfully. I recovered all my loss by taking the help of an advisory firm called 100mcxtips . I have earned and still earning great deal of profit with the help of their valuable tips. You can also take the help of such advisory with highly accurate tips. (Source: https://www.quora.com/What...
Read more

Do 90% of day traders lose money, because I have been trading for only a short period of time and my principal has increased by 30%, so is this simply beginners luck?

Image
Intraday trading refers to buying and selling of stocks on the same day, during the trading hours that are stipulated by the exchange. Stocks are bought and sold in large numbers strategically with the aim of booking profits in a day. There are days when you earn the profit but there are also days where you will see loss. It happens with the people with full knowledge and experience. Intraday is very highly volatile and involves very high and uncertain risk. However, if you want to trade in the stock market without any risk of loss then you can also consult an advisory firms like 100mcxtips and khelomcx to get the effective and profitable advises on the basis of technical and fundamental analysis of market. (Source: https://www.quora.com/Do-90-of-day-traders-lose-money-because-I-have-been-trading-for-only-a-short-period-of-time-and-my-principal-has-increased-by-30-so-is-this-simply-beginners-luck )
Read more

What is your analysis of the bloodbath in the stock market post-budget day? Will it be a good time to accumulate some stocks or will the index likely hit further lows?

Image
There is no such thing as bloodbath in the stock market. The announcement of the budget have the tendency to bring a turbulence in the stock market as some announcement are in favor of a market but some aren’t. But this is a temporary turbulence that will pass soon enough. So, it might no be the best time to invest at that time but it will definitely recover from the lows. If you are still not sure about the decision then you can always consult the stock and commodity tips providers like 100mcxtips and khelomcx that provide tips based on technical and fundamental analysis. (Source: https://www.quora.com/What-is-your-analysis-of-the-bloodbath-in-the-stock-market-post-budget-day-Will-it-be-a-good-time-to-accumulate-some-stocks-or-will-the-index-likely-hit-further-lows )
Read more