Understand the currency market

[keton_double_k 10]

Understanding the price and offer is definitely part of the main criterion for the success of the trader. Except there are a lot of other factors. for example, elections, after the debate the price changed well, didn't it? fundamental news strongly influence the market, they must be taken into account.

On 14.02.2020 at 17:58, Opinder said:

It is the basic thing to know about currency market before working in any currency. When we trade in any currency we only relate with the price fluctuations of currency. So first find the factors which are the reason of rise and fall of currency. Because from the movement of these factors you could predict about any currency.

I fully agree, I will add that crypto currencies are also influenced by these factors, you need to read them correctly, if we are talking about trading.

[keton_double_k 10]

On 13.06.2020 at 00:17, pablomarwan said:

The expert trader depends not only on the analyzes in front of him, but also the statistics of demand and supply, and through the news that are circulating, they have a change in the market, either to put up a rise in the prices of the day because the news is stimulating and opposite as well. In coding, it does not depend on news only, but the movement of the market. Whale owners have a role in influencing the market

whales are definitely moving the market, we can only predict which direction they will go. Also important is the bubble factor this company or not, for example Tesla, for several months followed this bubble, now begins to quietly deflate. The trader's work provides for constant involvement in the process.

[Cryptokool 14]

What do you guys think? Is BTC manipulated by wallstreet? 

[Dangasa 168]

Hello traders. I am a forex trader and I trade always in currency market. I recommend you to trade in major currency pairs, such as eurusd or gbpusd. Because in major pairs have low spread and it is more profitable then others.

[Froshk 1828]

The determinant of market factors are inversely proportional to the capital investments, Although marginal utilities are still in play the price value remains an uncertain factor in the crypto world one can only hope for the price to remain on the highest level in the main time. 

[guatazoo 7150]

Mostly of people think it might be a wasting of time to do market price analysis in order to understand what the market actually need, but if you'll be really seriously with trading and you do your own analysis, you'll see trading is very easy for you than you think. 

[Oki 675]

Supply and demand greatly affects the forex market, as well as in the crypto market when trading volume is high and demand for Bitcoin is high, the price of bitcoin will increase because the supply decreases as well as when many people sell bitcoin, the supply will be large and make the price fall. Understanding the market before trading is important because it is the basis that traders should learn.

[joemcgwa 3227]

Many people fails when they don't done enough analysis and running to open the trading order, there is how people fails for don't understanding the crypto market as well.

[Khan550 117]

Understanding the market situation is the key of success from this some body gains a very good profit in the future to hold for a long time for a very good profitable earnings.

[Goyaa 2414]

I agree with you, just like the crypto market, big news and economic events happening in the world also affect the market, those are fundamental factors that we should anticipate. As traders we have to anticipate all kinds of things about trading because we never know what will happen so we need to study the market first before believing.

[Mazhar Abbas 3]

Firstly currency rates is need to understand thesuccessful and profitable business. Without know currency rates and it basic rules we cannot achieve goal in fields. 

[SuperCrypto 7193]

In fact, this talk applies to all stock markets in the world, whether forex, stocks or cryptocurrencies, but you can predict currency prices through technical analysis of the currency, what makes this technical analysis successful is that it is applied by all traders in the world, so they all agree On the appropriate purchase price, and when they buy together, the price of the currency begins to rise, and when it achieves its target on the chart, they begin to sell, causing the currency's price to drop and thus achieving its graph, so technical analysis is the basis for moving the markets.

[benalmoh88 1500]

you are right, in trading we should be following all cryptocurrency news, for example we are seeing the dump of ripple from 0.78$ to 0.18$ because this coin stoped in coinbase pro exchange, and many traders selled his coin.

[Lx-Lana 153]

Yes, this mode is important to do before entering crypto trading, because if you know how the market works, you will not lose some crypto because you know what the potential of crypto in the market is.

[Fixfin 2569]

It is the first thing we learn when studying economics, and this is a lesson in school so anyone that has limited intelligence can easily understand the law of supply and demand, however many don't know there are more details that can manipulate and affect the price of a good or an asset.

[Jidson 252]

This is an interesting topic the whole members in the forum shoud learn from. This is reminding us we should always know any cryptocurrency market value before we can decide on trading or investing on such coin. A good topic for the beginners especially who will be investing and trading soon.

[Arslan Ch 2163]

Demad and supply is the most important factor that influence the price of cryptocurrency So we should try to read and observe the market closely so that we can make a good analysis before doing any kind of investment.As without knowing the market Trading could cost us badly.

[Zaman222 415]

This is indeed a good advice for all beginners who has know knowledge on the value of cryptocurrency market price. A beginner must understand the market price of any crypto coins before deciding on trading or investing on that coins to prevent loosing his capital on that coins. Beginners in this field really has to take note of this.

[Henri1111 120]

I have recently seen that the world of market trading is an important one. We must not study carefully if we are to risk the next one before entering the world of trading.

[Cryptotakl1 0]

It is understand hard for crypto currency market the main causes of cryptocurrency market .we must study carefully ,yes , really understand about the crypto market because that market crypto is volatile .

[rahul12345 0]

This is a really advice for those who are aware of cryptocurrency market value .the network will sooner or later reach a critical point ,and then the coin will give way to more modem solution .we are to risk the next one before entering the world of trading .

[Jrm2020 320]

@chirinemannai I agree with you my friend that market depends on  supply and demand  .if supply is increased then the price of every crypto talk (trader) is low .and if demand is increased then the price is higher. It's inverse relationship 

[MoralStories 1127]

When the cryptocurrency is in hold the price will go high because the market will need more cryptocurrency or that coin but there will be less supply and paper Will be holding

[huesca123 946]

The foreign exchange market or Forex, is highly manipulated between the big banks. Roughly 70% of all trades on a daily banks is done by inter bank trading. Inter bank trading moves the price action in the direction the big banks want. Any news is already factored in the price action, BEFORE the news comes out. Dont be fooled with any BS you hear about how the Forex market is too large to manipulate, it is manipulated, simple as that. If you want winning trades in the Forex, you have to learn how to follow the big bank trades.

 

The best charts to use are the 1hr & 4 hr charts. But that means you have to use a bigger stop loss.

[The Game 2059]

Yes you are right because in the issue of trading or investment in crypto currency market a member must understand the market strategy on how it operate and some certain features about it in one way or the other in other to be successful in crypto currency market.