Community Forex Questions
When is technical analysis most effective?
Technical analysis is most effective when there are sufficient past data points, for example, TA on BTC is more accurate than a newly released coin as BTC has 10+ years of data to analyze.
Depending on how you trade TimeFrame is key, this refers to which scale you use, the most used time frames are the 1W, 1D, 4Hr
and 1Hr. Each timeframe has its own use and a different way of conducting TA.
1W and 1D - Long Term trends
4Hr and 1Hr - Short Term trends
Depending on how you trade TimeFrame is key, this refers to which scale you use, the most used time frames are the 1W, 1D, 4Hr
and 1Hr. Each timeframe has its own use and a different way of conducting TA.
1W and 1D - Long Term trends
4Hr and 1Hr - Short Term trends
Technical analysis can be utilized on any unreservedly traded security in the worldwide market and is utilized on a wide scope of financial instruments, like values, securities, wares, currencies, and futures. Be that as it may, as a general rule, technical analysis is most successfully applied to liquid markets.
Sep 16, 2021 20:12