Intermediate’s Package

Basic concepts and guiding principles of fundamental analysis

Fundamental analysis is the examination of the underlying forces that affect the well being of the economy, industry groups, and
companies. As with most analysis, the goal is to derive a forecast and profit from future price movements. At the company level,
fundamental analysis may involve examination of financial data, management, business concept and competition.

At the industry level, there might be an examination of supply and demand forces for the products offered. For the national
economy, fundamental analysis might focus on economic data to assess the present and future growth of the economy. To forecast
future stock, commodity or currency prices,fundamental analysis combines economic, industry, and company analysis to derive a
financial instrument's current fair value and forecast future value. In general, fundamental analysis explores the impact of social, political and economic forces on the price of financial instruments.

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Basic concepts of Technical Analysis

Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Like
weather forecasting, technical analysis does not result in absolute predictions about the future. Instead, technical analysis can help investors anticipate what is “likely” to happen to prices over time. Technical analysis uses a wide variety of charts that show price over time.

Technical analysis is applicable to stocks, indices, commodities, cryptocurrencies and other tradeable instrument where the price is influenced by the forces of supply and demand.

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Japanese Candlestick and Other Charting Techniques

The Forex market is ruled by the general supply and demand balance. If there are more sellers (in volume) at any one level, the market will move to the downside, or if the buying volume is bigger at a specific level, the prices for that respective currency pair will rise. It is as simple as that, and this general supply and demand balance influences the way any financial product is moving. To find out where these supply and demand levels are, or where price is hesitating, or whether the price is accumulating energy to continue the previous trend, technical charts are being used. These charts are not suitable for all trading strategies, as some are simply having no use in specific interpretations.

There are different types of charts used in technical analysis of the market. Some of the most common ones include line, bar, and candlestick charts. A popular chart type used by forex traders is the candlestick or Japanese candlestick as it not only shows direction of the price, but shows the range of price fluctuations within particular period of time which can extend from minutes to months. This eBook will teach you the basic concepts behind candlestick charting techniques and explain why understanding these basics is a must-know for every trader.

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Support and Resistance

The concepts of support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis. Part of analyzing chart patterns, these terms are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an asset from getting pushed in a certain direction. At first the explanation and idea behind identifying these levels seems easy, but as you'll find out, support and resistance can come in various forms and it is much more difficult to master than it first appears.

Understanding the aforementioned, we have prepared this eBook using easy and accessible terms to make this unalienable concept of technical analysis easy-to-understand for every individual.

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Introduction to Trendlines

Technical analysis is built on the assumption that prices trend. Trend Lines are an important tool in technical analysis for both trend
identification and confirmation. A trend line is a straight line that connects two or more price points and then extends into the future to
act as a line of support or resistance. Many of the principles applicable to support and resistance levels can be applied to trend lines as well.  After reading this eBook you will  :

  • Learn the concept of trendline analysis
  • Understand how to draw trendlines
  • Learn how to use trendlines for spotting vertical support and resistance
  • Learn how to draw internal trendlines within the trend

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Understanding The 10 Key Reversal Candlestick Patterns

In technical analysis, a candlestick pattern is a movement in prices shown graphically on a candlestick chart that some believe can predict a particular market movement. The recognition of the pattern is subjective and programs that are used for charting have to rely on predefined rules to match the pattern. There are 42 recognized patterns that can be split into simple and complex patterns.

We cut through the noise and introduce you a detailed guide to 10 most highly used candlestick reversal patterns and explain how to use them in your day trading.  Doji, Hammer ,Hanging man and Shooting Star just to name a few.

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Key reversal chart patterns and their use in everyday trading

Trend reversal patterns are essential indicators of the trend end and the start of a new movement. They are formed after the price level has reached its maximum value in the current trend. The main feature of trend reversal patterns is that they provide information
both on the possible change in the trend and the probable value of price movement. These patterns serve to indicate that the ongoing trend is about to change the course. A pattern formed during an uptrend signals a trend reversal where the price will head down
soon. On the other hand a reversal chart formed during a downtrend indicates that the price will move up.

Memorizing and learning how to spot these patterns can greatly assist you in your everyday trading experience. These patterns can be effectively used to predict trend reversals and identify areas of potential support and resistance. In addition, they can add to the validity of signals derived from support and resistance and other technical studies as formation of such patterns around areas of support and resistance might give additional confirmation to the underlying strength of said levels. These concepts are explained in this eBook.

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Trading the line - 5 ways you can use trendlines to improve your trading

Uptrends and downtrends are hot topics among technical analysts and traders, because they ensure that the underlying market conditions are working in favor of a trader's position, rather than against it. Trendlines are easily recognizable lines that traders draw on charts to connect a series of prices together. The resulting line is then used to give the trader a good idea of the direction in which an investment's value might move.

In this eBook, you'll discover 5 ways how to use trendlines with maximum efficiency. It won't be long before you're drawing them on your own charts to increase your chances of making a successful trade!

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How to use Fibonacci levels to boost success in everyday trading

Leonardo Bonacci – also known as Leonardo Fibonacci – was an Italian mathematician in the 12th century. He was considered the most talented Western mathematician of his time and one of the greatest of all time. Although Fibonacci himself did not come up with what is now known as the Fibonacci sequence, he certainly introduced the phenomenon to the West.

But that doesn't mean that it works in finance… does it? Actually, the markets have the very same mathematical base as these natural phenomena. In this eBook we will examine some ways in which Fibonacci sequence and Fibonacci Ratios can be used in trading on the global financial markets.

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10 Economic indicators with the biggest impact on the Forex market

Economic indicators can have a marked effect on Forex and CFD prices. Accordingly, many traders keep a sharp eye on the economic calendar to ensure they are abreast of any potential volatility bumps that lie in the road ahead. Around the world, various governmental and non-governmental agencies report on a regular basis certain pieces of economic information.

The methods by which these reports are put together can vary considerably. Sometimes, the data is as direct as reporting monthly sales from a particular segment of the economy. Others may not come from hard data, instead being based on opinions recorded in surveys. Still, others may derive their findings by extrapolating existing data.

As US economy is the largest economy in the world and wields some influence on the performance of financial markets globally,the list of economic indicators presented in this eBook  focuses on US reports in an effort to give you the best economic indicators.

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How to use currency correlation in forex trading

Correlation in finance is the statistical measure of how two different assets move in relation to each other. A positive correlation exists between assets that tend to move in the same direction. For example, a positive correlation is observed between the value of Australian dollar and Gold as Australia accounts for the majority of world's gold production.

Conversely, a negative correlation exists between assets that typically move in opposite directions. Such a negative correlation usually exists between the EUR/USD exchange rate and the USD/CHF exchange rate, for example. Understanding market correlations is an important part of trader's skill set and can be helpful in hedging strategies and trading in general

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Moving Averages -Simple and Exponential

Technical analysis has been around for decades and through the years, traders have seen the invention of hundreds of indicators. While some technical indicators are more popular than others, few have proved to be as objective, reliable and useful as the moving average.

Moving averages come in various forms, but their underlying purpose remains the same: to help technical traders track the trends of financial assets by smoothing out the day-to-day price fluctuations, or noise.

 

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Bollinger Bands

Bollinger Bands are a highly popular technical analysis technique. Many traders believe the closer the prices move to the upper band, the more overbought the market, and the closer the prices move to the lower band, the more oversold the market.

Bollinger Bands are not a standalone trading system. They are simply one indicator designed to provide traders with information regarding price volatility. It is recommended to use them with two or three other non-correlated indicators that provide more direct market signals. Therefore, Bollinger band can be a perfect auxiliary tool to complement the signals derived from other indicators

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MACD

The MACD is a popular technical analysis indicator that we believe every trader should be skilled at. The calculation behind the MACD is fairly simple. Essentially, it calculates the difference between a currency's 26-day and 12-day exponential moving averages (EMA). The 12-day EMA is the faster one, while the 26-day is a slower moving average.

The calculation of both EMAs uses the closing prices of whatever period is measured. On the MACD chart, a nine-day EMA of MACD itself is plotted as well, and it acts as a signal for buy and sell decisions. The MACD generates a bullish signal when it moves above its own nine-day EMA, and it sends a sell sign when it moves below its nine-day EMA. Also, the MACD is powered with histogram which fills depending on the momentum the price takes. The MACD is considered to be one of the most efficient tools used in technical analysis. After reading this eBook you will learn how :

To interpret the MACD
To take advantage of signal and centerline crossovers
To use the MACD histogram
To use MACD for spotting price divergences

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RSI

Developed by J. Welles Wilder, the Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Traditionally, and according to Wilder, RSI is considered overbought when above 70 and oversold when below 30. Signals can also be generated by looking for divergences, failure swings, and center-line crossovers. RSI can
also be used to identify the general trend. This  eBook will teach you how to:

  • Interpret readings of the RSI indicator
  • Identify Overbought/Oversold levels
  • Use RSI for tracking divergences
  • Combine RSI with other technical studies for enhanced accuracy

 

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Stochastic Oscillator

Developed by George C. Lane in the late 1950s, the Stochastic Oscillator is a momentum indicator that shows the location of the close relative to the high-low range over a set number of periods.

The Stochastic Oscillator “doesn't follow price, it doesn't follow volume or anything like that. It follows the speed or the momentum of price. As a rule, the momentum changes direction before price.” As such, bullish and bearish divergences in the Stochastic Oscillator can be used to foreshadow reversals. This Ebook will teach you how:

To interpret the readings of Stochastic Oscillator
To derive signals from the line crossovers
To distinguish between false and real signals
To stop divergences
To combine it with other technical studies

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This package concentrates on most vital aspects of technical analysis that every trader should know