Technical Forex Trading Strategies
The technical trading strategy is the study of the price movement and patterns of security. By examining a security’s past price movement, primarily through charts and indicators, traders can project future price direction. The technical trading strategies use different trading disciplines applied with mathematical procedures to estimate investments and distinguish trading shots by analyzing statistical trends collected from trading activity.
By examining historical data, technical analysts use indicators to predict future price movements. The most common Technical Strategies include ADX (Average Directional Index), Candlestick, Divergence Trading Strategies, and more