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Currency pairs on the Forex market move in a directional direction, known as a trend, which is easily tracked at the end. However, for more productive trading, traders should know its direction at the very beginning of the trading week. There are several factors that shape trends in the Forex market: The direction of the weekly trend can be determined by two factors: 1. The movement of currency pairs on Friday on the American exchange. 2. The opening of a gap (the price gap between the end of the previous day and the beginning of the following day) at midnight, from Sunday to Monday (Asian session). As a result, currency pairs draw their own resistance levels. When they break through these levels, they often become support levels and, based on these, will move in the given direction throughout the week. Between the American session on Monday and the Asian session on Friday, the channel of resistance peaks (based on fractals and zigzags) defines the starting point from which currency pairs begin to break through resistance, either upwards or downwards, and, as a rule, continue in the initially determined trend direction throughout the week. The first and fundamental moment in the behavior of currency pairs on the Forex market is their movement on Friday on the American exchange. This is a kind of testing, through weekend news, of the strength and direction of the trend. If the release of extremely negative news does not influence the jumps in currency pairs on Friday, this means that brokers and banks were not prepared for such jumps, and the movement should begin on Monday. Two scenarios are possible if a currency has made a sharp jump in the trend: 1. A new trend wave, for example, the 400 points that currency pairs have traveled over the previous week, will transition into the first wave according to Elliott, and the third wave, in the same direction, is equal to at least 640 points, which is 60% longer. 2. When at the beginning of a medium-term trend wave, retracements range from 23% to 62% on 4-hour, daily, and weekly charts. Then the movement is trend-based. A new week means a new surge in the same direction. If the currency hasn't begun moving on Friday during the American session, this means brokers are unable to determine the trend or direction for the following week, and this direction will only become known on Monday. From all of the above, we can conclude: depending on the behavior of Elliott Waves, Friday determines the currency's behavior at the beginning of the following week. 1. If the potential strength of the trend is very strong, and there was a very large surge in the same direction on Friday, then either a correction and reversal, or a new surge in the same direction, can be expected on Monday or Tuesday. 2. If the currency surged against the trend on Friday, then Friday's movement will either turn into a correction or the first wave of the opposite trend. 3. If the currency doesn't begin moving on Friday, then a movement can be expected either on Monday or Tuesday. Another important aspect of the Forex market is analyzing the Forex news calendar for the upcoming week. To do this, note the events that can determine the trend and any corrections to it. Another important factor is paying attention to the gap that appears at midnight on Monday. When allied currency pairs open up or down, the direction the currency immediately moves during the Asian trading session typically determines the direction the currency will move next week. To profit in the market, it's important to understand that an intraday trend doesn't exist in isolation. The main conclusion a trader should draw is that the currency makes most of its movement before the news is published, and only a small movement is observed once the news is officially confirmed.

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As a beginner trader, you can trade using the strategies of experienced traders, make a profit, and withdraw money without truly understanding the market on Forex4You. share4you is a copy trading service where inexperienced traders can follow world-c

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I've been trading EUR/USD with them for about five months. Requotes are rare, and slippage occurs only on stop-loss orders and on volatile instruments (which is also not very pleasant). Overall, execution is satisfactory. Withdrawals correspond t

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A good option for Forex among the existing DCs. I won't brag about income, nor will I measure it in percentages (that's the principle). But what is, is—the conditions are such that you can make a profit in a day—no questions asked. I only use

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