Technical Analysis
Forex trading is a popular financial derivative that allows investors to speculate on the price movement of currency pairs without owning the underlying asset. One of the most essential tools for making educated predictions in this market is technical analysis. Here’s a comprehensive overview below:
What is Technical Analysis?
Technical analysis is a method used to evaluate and predict the future price movements of financial instruments, such as stocks, commodities, and currencies, based on historical price and volume data. It operates on the fundamental principle that price patterns and trends tend to repeat themselves over time due to collective market psychology.
Let’s delve deeper into its core concepts and foundations:
BASIC PRINCIPLES
Price Discounts Everything:
All information, whether public or private, is already reflected in the price.
• Price Moves in Trends:
Prices tend to move in trends (upward, downward, or sideways).
• History Tends to Repeat Itself:
Since market psychology remains relatively constant over time, price patterns often recur.
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UnityFX
UnityFX LIMITED
Capital Union Financial Center
Lyford Cay, Western Road
Nassau, New Providence
The Bahamas
CT House, Office 5E
Providence, Mahe
Seychelles.
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United Kingdom: +44 1392580012
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Risk Warning: UnityFX Margin Trading
Margin trading involves a high level of risk and may not be suitable for all investors.
Before entering into any margined transactions with UnityFX, you should carefully consider:
Your objectives: What are you hoping to achieve through trading?
Your financial situation: Can you afford to lose the money you invest?
Your needs: How much risk are you comfortable with?
Your level of experience: Do you understand the risks of margin trading and forex/CFDs?
Seek independent advice if necessary.
Forex and CFDs are highly leveraged products. This means that both your gains and losses can be magnified. You should only trade these products if you:
Fully understand the risks involved
Can afford losses without adversely affecting your lifestyle (including the possibility of losing your entire investment)
You must carefully assess and consider these risks before making any decisions about using UnityFX's products or services.
About UnityFX
UnityFX Global Limited is a company registered in Seychelles with registration number: [insert registration number].
UnityFX is regulated by the Financial Services Authority of Seychelles with License number: [insert license number].
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The information on this website is general and does not consider your personal circumstances.
UnityFX does not offer its services to residents of certain jurisdictions. For a full list, please refer to the website.
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UnityFX is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. Clients are protected by the Financial Commission's Compensation Fund for up to €20,000 per claim.