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Technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume. Unlike fundamental analysis, which attempts to evaluate a security's value based on business results such as sales and earnings, technical analysis focuses on the study of price and volume. To follow the movement of the stock price the trader uses the stock charts. For accurate stock charts technical analysis traders apply the special software.
If you are planning to obtain the professional trading program, pay attention to the vfxAlert. This modern software will allow you to trade with any broker’s platform in any country. vfxAlert will equip you with numerous analytical instruments that will make the trading process more comfortable. Let’s look at these instruments
Use online-charts to track the signal.
Follow market trends to choose a profitable market direction.
Utilize the heatmaps to select the most gainful signals.
Read the news in the economic calendar and be abreast of the current market situation.
The interface is convenient and user-friendly. All necessary information (broker’s platform, signal, chart) is situated in one working window. So you can both track the signal and see the number of funds you gained.
To trade with the profit you need to understand the structure of the signal. A signal is an alert with recommendations that suggests whether it is better to put or call. The signal is the bot that acts according to the predetermined algorithm. It appears when several foreordained indicators match. The signal is generated basing on two variables — quote and time. The majority of signals is generated utilizing the chart pattern or technical analysis.
Structure of signal
1. Asset — currency pair used in trading.
2. Price — price when the signal appears.
3. Time — a time when the signal appears.
4. Expiration — a time of the signal’s expiration.
5. Power — number of profitable options in the past with this combination of indicators.
6. Signal — CALL or PUT options.
7. Algorithm — signal generation algorithm.
8. Heatmap — statistical winning percentage collected for the values of the technical indicator on a different timeframe.
Use these recommendations for the stock charts technical analysis.
Open the Free account online or download vfxAlert. On the Free account, you can practice and develop the trading strategy.
Choose a trustworthy broker’s platform.
Develop a working trading strategy. Read our blog, you will find many useful strategies here.
Learn how to use the heatmaps and signal statistics.
Connect vfxAlert software with telegram messenger and receive the signals on your smartphone everywhere. Watch the video to know how to do it.
MAKE THE FIRST STEP TO YOUR BRIGHT FUTURE! TRADE WITH VFXALERT!
About automated trading as a streamlined and potentially more efficient trading method.
00In this article we tell you how Autotrade from vfxalert works and also give you a simple trading st
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Updated on January 19, 2021
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