Technical analysis of Crypto vs Forex charts.

dollurs

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Quote from: Andrey123 on April 05, 2018, 01:03:11 AM

What works in the Forex market was created only for him!

What I don't understand here is " Only for him ". what did you mean by it ?

Quote from: Andrey123 on April 05, 2018, 01:03:11 AM

You can not mix crypto-exchanges and Forex!
These are completely different things.

I think both markets are moving in same way. But the main thing is more experienced and seasoned traders are involving in forex market and the most of the crypto traders are inexperienced and novice traders. They only come to the market without any chart/ trading knowledge and just by hoping to make some profts Wink

Quote from: Xavofat on April 05, 2018, 02:50:04 AM

They're very similar actually.........

Agree with you

Quote from: Xavofat on April 05, 2018, 02:50:04 AM

Technical analysis in forex markets tends to be......

Nice and clear explanation. thanks

Xavofat

hero member

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Merit: 559

Did you see that ludicrous display last night?

Quote from: Andrey123 on April 05, 2018, 01:03:11 AM

You can not mix crypto-exchanges and Forex!

They're very similar actually - both are dealing with currencies, both are fluctuating in relation to each other and both are notoriously volatile. Cryptocurrencies are more hectic than forex markets and less experienced traders are involved, but it's still a relevant comparison.

Quote from: dollurs on April 05, 2018, 12:07:44 AM

Can we trust those places as we trust those places in forex charts?

Technical analysis in forex markets tends to be paired with fundamental analysis and used over fairly long timeframes. Often, cryptocurrency traders which use it are doing so based on movements happening over as little as days.

The same metrics can be used for cryptocurrencies as forex markets, but ideally only over several months by people who are experienced in evaluating the many conflicting technical signals, and the state of speculators should be monitored at the same time.

Andrey123

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What works in the Forex market was created only for him!
You can not mix crypto-exchanges and Forex!
These are completely different things.

dollurs

newbie

Activity: 238

Merit: 0

You all know that basically the crypto charts and forex charts are very same. For trading forex we can use technical analysis very well by looking at the market patterns, Swings, indicators, Support and resistant etc. I'm talking here about the support and resistant in forex charts and crypto charts.

We all know that using support and resistant for our trading is a very accurate and popular method. In forex market Support and resistant works well most of the time.Also those are very strong sometimes and we can highly expect that the price will have a reaction at those points.

In crypto market you also can see support and resistant. But my question is " Are they much reliable as the support and resistant in forex market ? ". Can we trust those places as we trust those places in forex charts ?. Because the crypto market is driven by the fear and the greediness of the traders most of the time. Any comments are welcome.

Topic: Technical analysis of Crypto vs Forex charts. (Read 131 times)