Online trading is a fascinating world. The reason why more and more people are trying to make money in this world is because at first glance it seems easier than other methods. The reasons are many, for example you can get lower fees, the platforms and the charts that can be found on the web are professional and often free, you can withdraw and deposit cash quickly and get entry bonuses after registration to the platforms You can also work 24 hours a day.
Surely, it does not require any experience even if to really understand something, you need to have some basic knowledge, otherwise I will be like playing Russian roulette. It is also very easy to open a free demo account, to try to take the first steps as well as making some mistakes without having to make any losses.
This we are about to expose is certainly one of the most advanced techniques to understand market trends. Of course, you need a solid base to understand and use these techniques.
In technical analysis we often speak about Gann angles. Let's see what we mean. The Angles of Gann are straight lines that have the function of resistance or support, these lines have a precise geometric inclination defined by price and time.
Angles are defined by numbers that are separated by an "x": to clarify, a 1 x 4 angle indicates that the price rises by one point every four periods. 1 x 1 p is the most important angle: it indicates a line at 45 degrees. If prices are above the line, the market will be bullish; otherwise it will be bearish.The 1 x 1 Gann Angle represents the ideal balance between price and time trends. Another eight Angles of Gann are used to predict future price trends, these eight corners are 1 x 8; 1 x 4; 1 x 3; 1 x 2; 2 x 1; 3 x 1; 4 x 1; 8 x 1. Each of Gann's Angles can provide support or resistance to price movement, according to the trend phase in progress.
Gann's angles essentially represent resistive and supportive trendlines of predetermined angles, which can be traced from a maximum or a minimum. From there all the corners start to derive the line 1x1, which is the fundamental line. In the end the fan of Gann will be formed. The main lines that make up the aforementioned fan are: the 1x1 corner, which, as already mentioned is the most important, and indicates a bullish market until the price remains above; then we find the 2x1 corner which always indicates a strong and bullish market; the 4x1 angle always indicates a strong bullish trend: this is the moment when you can earn a lot if you know how to take advantage of the moment.The 8x1 corner indicates a fleeting moment, often signed by the emotionality of the market, and it is not a phenomenon destined to last more than a few hours.
The 1x2 corner supports the market; the 1x4 is a special moment in that it indicates the phase in which the prices are destined to rise, and then to go down a lot.Gann himself dictated some rules to interpret his schemes in a better way. First, he said that when the trend lines break, the price will move until it reaches the nearest straight line. If, for example, there was a break in the 1x4 support line, the courses would look for the 1x2 and if this was punctured, 1x1. As with classic trendlines, straight lines can also change roles, if a support line breaks, it can well become a resistance line.
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The Relative Strength Index (RSI) is widely used by analysts who want to invest in trading, especially those who trade in Forex, the futures market and stock markets. Please note that this article can be converted into PDF and used as a practical eBook. After having carefully verified its application with Bollinger Bands, we see its functioning in other contexts as well.
We have seen how, in the field of technical analysis, it is also necessary to consider in depth the psychological aspect that in fact can influence the market even in a more than decisive way.
Today we will talk about a simple but very effective and reliable technique for binary options trading, with a 5-10-minute expiry and a 5-minute timeframe.