howdoforextradi

Technical strategies rely on an analysis of price data. Looking for price breakouts in the direction of the prevailing market trend is an example of a technical trading strategy. The London Opening Range Breakout LORB is an example of such a strategy. At the time of the London open, traders using this strategy look for the price of GBP/USD to break out above a recent high or below a recent low on the hourly chart with the expectation that price will continue to trend in that direction. There are several ways to trade forex, including trading spot forex, forex futures and currency options. When you trade with us, you’ll be predicting on the price of spot forex, futures and options either rising or falling with a CFD account. A "gap" occurs when the opening price is higher than the last session's high, known as the gap up, or lower than the previous session's low, known as the gap down. These gaps can be significant for trading as there are usually traders who believe the gaps will be closed relatively quickly. And this allows forex traders to make possible profits as they can better predict the possible short-term direction of the price. Factors leading to a gap include- big news, major financial breakthroughs, and economic/global catastrophes.