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Watch: Chart Analysis in Action ๐
๐ Step-by-Step: Chart Analysis for Buys and Sells
In 2049, successful Forex trading starts with understanding the charts. Here's how to break it down:
- Identify Trend: Use moving averages to spot uptrends or downtrends.
- Use Candlestick Patterns: Look for signals like Engulfing, Doji, or Morning Star.
- Set Support/Resistance: Mark key price levels where reversals often occur.
- Check Volume: Higher volume confirms stronger moves.
- Combine with News: Use fundamentals for confirmation.
๐ Beginner Tip
If you're new, watch a full course like โForex Trading for Beginnersโ and practice with a demo account first.
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