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The Elliot wave theory was developed by an experienced accountant named Ralph Nelson Elliot in the 1930s. After digging through decades of financial data, he discovered that the markets, which were thought to move in a disordered and unpredictable manner, actually didn’t.
A template is a set of chart window settings that can be saved and opened later for quick application to other charts. Some of the parameters that can be saved in a template are chart type, chart color, the attached expert advisor and its parameters, custom or default indicators with their settings, chart scale, and period separators.
There are three main chart types: bar charts, candlestick charts, and line charts. The bar chart is a type of chart that was mostly used by technical analysts before candlestick charts passed them in popularity…
Gold? Silver? Which is better for trading? That’s the question most traders ask before investing in either of these two precious metals. Traditionally, more traders prefer investing in gold than in silver. However, this can be a mistake because we’ve seen times when the price of silver moves faster than that of gold.
Technical analysis refers to the examining of historical market behavior with the intention of forecasting the potential movements of currency prices. Technical analysts usually focus on what took place in the forex market in the past and use the information to identify new trading opportunities.
Market participants often wonder – what is the best time to trade Forex to get the best results? And what are the best hours to maximize your returns and concentrate on trading? In this article, we’ll try to give answers to these questions and figure out the best trading hours.