To succeed in market trading you should learn to analyze and forecast price movements. The market price is influenced by a whole range of various factors, all of which we literally cannot know. A question emerges: in this case, how does forecasting become possible? This question is answered by one of the basic and most necessary types of market analysis — technical analysis.
The author’s articles
Stochastic Oscillator chart is drawn in a separate window under the price chart and consists of two lines: %K, quick one, and %D, slow one. Its values vary from 0% to 100%; at the levels of 20% and 80% signal lines, defining the oversold (0-20%) and overbought (80-100%) areas, are drawn.
The influence of fundamental data on the dynamics of financial instruments is studied by a special type of analysis – fundamental analysis, an integral part of any trader training program. Fundamental analysis is applied to regularly published macroeconomic indices of certain countries and the world economy on the whole as well as to political events, relevant for the financial world.
MetaTrader 5 was released in 2010. It is intended for performing trading operations on different financial markets. This program is an updated and improved version of MetaTrader 4, a very famous terminal, which is extremely popular among traders.
An application for trading on financial markets, MetaTrader 4 was developed and is supported by MetaQuotes Software. Despite its quite deep history (released in 2005), MetaTrader 4 has been one of the most popular and actual software for traders ever since. Its recipe for success can be explained by three words, availability, simplicity, and effectiveness. MT4 terminal is free and multi lingual (supports about 40 languages), has a user-friendly interface all necessary features for manual and automated trading. Initially, the application was intended for trading on the Forex market, but later traders started using the terminals for other assets as well, such as CFDs on stocks, indices, cryptocurrencies, metals, commodities, etc. Result: an intuitive and user-friendly multi-purpose terminal, which allows to trade a wide range of instruments.