Learn how to get into the flow of the Forex market

where A lot of traders get confused and want to start very far back here or want to start in the middle you can do that just to get into the flow of the market but you want to make sure that you’re only focusing on the last stage of that because that’s where you’re going to determine what the trade is going to do and not what happened. 4 months ago or about a year ago, things like that, it’s great to know what you did at the time but if it’s not relatively close to where the price is now, it simply doesn’t matter, it’s taken away from your time and takes you away from focusing on what matters in the drawing The chart.

Learn how to get into the flow of the Forex market

So this here is just a line chart so this is just so you guys can see the up steps and the down steps but the correct way of how to look at this is on a candlestick chart which will be this section here which is called the candlesticks so if you notice if I go back and forth quickly Great from line chart to candlestick.

It would be the same thing just represented differently and you now know that you don’t have to get confused anymore because you now know that these steps are going down instead of being drawn up. The line is now drawn in the candles because at the end of the day when you trade the candles, you can’t trade on the chart. Linear, it’s not accurate.

How do you deal with Forex market order flow?

This candlestick chart is what you’re going to look at when you’re doing your technical analysis when we’re already at step two, the first step is to get familiar with the actual line chart, learn what the line chart is going to do, understand its flow, and then move on to the candlestick chart.

The simplest analogy I can do is keep this in mind almost like you’re learning to ride a bike when you first get on a bike, you have the training wheels, and you just have to do that so you make sure you don’t fall over the side and you can hang from it after you’ve finished learning how to ride a bike, you can simply take off the training wheels and continue riding the bike the same way you ride it.

The only thing that changes is you don’t have training wheels, so obviously you’re still at risk of falling but now you’re experienced and obviously, that’s not going to happen, so you’re still riding the bike in the same way, nothing changes.

The only thing is that the safety wheels have been off with the same thing you’re analyzing the market just like you do here but now you’ve removed the safety of having the line chart and you’re now focusing on the candlestick chart which is the real way of how you trade and get off the safety wheels on the bike because that’s the way It’s true how to ride a bike, so this candlestick chart consists of different types of candles.

The importance of learning the flow of Forex bear market trading

So each candlestick so far represents one day because I’m currently on the 1-day time frame, so each candlestick is 2 hours long, so here are 4-hour candlesticks, and here are 2 and 4-hour candlesticks, and each candlestick is 24 hours long.

This is what this chart consists of. If you simply change this time frame from daily to 4 hours now, each of these candles will be 4 hours long, while the small candle is 4 hours long and each of these candles is 4 hours long including this one. The big candle is here because this is the 4-hour time frame currently.

I can go to 30 minutes and each one of these candles is a 30-minute time frame and that’s the simplicity of how you analyze the candles now all we have we do when we change time frames is just zoom in on the price so you can see on The 4 Hour Time Frame If I were to circle this single candle, it’s like I’m only circling one candle which happens every 4 hours because I’m on the 4-hour time frame.

How to flash back and forth in Forex?

If we were to move on to say the 30-minute time frame as you can tell I’m picking up a lot more than just one candlestick, so why is that? Well, this is because all these 30-minute candles we are now on the 30-minute time frame create one 4-hour candlestick, so each one of these 30-minute candles has its situation and all of them together create one 4-hour candlestick.

For example on the 2-hour time frame, if you notice these two candles here which will be these last two candles here, this creates an accumulation of one candlestick because it’s a 4-hour candlestick and this continues until today daily, weekly, etc. If I were to put a big circle around This big candlestick and then move to number 4, each one of these candlesticks creates that daily candlestick.

So a lot of people don’t understand how to flash back and forth from the time frames and how to determine what these candles and technical analysis are doing, all we’re doing is looking at the same market in different kinds of ways we look at it in larger variables or smaller variables but we look at the same, nothing changes at all.

Summary

You should not think that you are not adhering to a stop-loss order, even if you entered a trade and exited it, did not place a stop-loss order, and exited with a loss greater than your risk. We can come and tell you that if you were trading with a real account or anything, you would go back to the first square and start from scratch because This is an unforgivable mistake.