Trading Concepts

Trading Concepts

Here, we shall explore some basic underlying principles that influence the prices in the graphs. The graphs can be seen to be a conversation between traders. With every movement, traders are telling each other how much they are willing to pay for a currency and for how much they are willing to sell it at any particular time in the day. The aim of a currency trader is to gain an idea regarding who is prevailing in the trading discussion and thus get an impression regarding where the graph will go. An understanding of the price’s direction can be gained because there are principles that influence every type of graph and we shall looks at these principles here.