forex-education
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forex-education
What Is an ABCD Pattern?Bullish ABCD Pattern Characteristics (buy at point D)
Reflects the common, rhythmic style in which the market moves.A visual, geometric price/time pattern comprised of 3 consecutive price swings, or trends—it looks like a lightning bolt on price chart.
What Is the Forex Market?
The foreign exchange market is where currencies are traded. Currencies are important because they allow us to buy goods and services locally and across borders. International currencies need to be exchanged for foreign trade and commercial activities.
What is Forex?
The foreign exchange market – also known as forex or the FX market – is the world’s most traded market, with turnover of $5.1 trillion per day.