The concepts of support and resistance are not just forex markets, but a concept of technical analysis that is used throughout financial markets. In general, support can be explained as the level at which prices are expected to decline. The persistence of sales in the financial market at support levels is interpreted as the response of buyers at this level. However, it should not be forgotten that in the case of breakdown of important support levels, that is, if downward support points are crossed, sales will accelerate and the support point will become a point of resistance. Breaking a support point does not mean that the support level is below the support level. We can say when a level of support is broken, clearly when it closes below this level. When we look at the historical charts in Forex markets, the first multiplier is the support level where the sales are stopped and the prices can not fall further below this level. At these price levels, the Euro dollar pair has found support, as can be seen from the levels indicated by blue in the chart below. Below you can find examples of euro usd support resistance level.
Stage 1: Staging is the phase in which very cheap commodities sold by investors who are in trouble and discouraged are being collected by large investors. Yet there is no significant upward trend and there is still little interest in the market in general.
2nd Stage-Buying Wave: It is the phase in which the signs of recovery in the market have begun to be clearly noticed after the addition phase, and small investors are now included in the buying wave.
Stage-Saturation: The market has reached a certain degree of saturation with the increase in volume, and the buyer has decreased considerably in the market. It indicates that the bull market has come to an end, so it can be expected to start a wave of steep declines.
BULK MARKET EXAMPLES
Gold has been in a significant bull market since the early 2000s. Gold prices have risen from $ 800 ounce levels to $ 1900 ounce levels. This is the case for a strong golden bull market.
While there is no general consensus about how long the bear market will last, it is expected that prices will continue to fall for a long time. Demand for products on a market under the bear market is declining. Because demand is decreasing, nobody wants to buy those products and prices continue to fall.
The bull market, on the contrary of the bear market, shows that the related market will be on the rising trend for a long time and that the demand for the products in that market is increasing.
If gold prices were to be taken as an example, the bull market was experiencing a rising trend from the beginning of 2000s to the end of 2011 for a long time. However, in the middle of 2013, 2011 peak price level of 1900 dollars ounce of the level of 1500 ounces fell below. There was a decrease of about 30% from the previous peak level and gold prices were officially under the influence of the bull market.
Resistance: 111.90 / 1112.75 / 113.50
Support: 110.70 / 111.00 / 109.20
The Capital Markets Board is a supervisory body that exercises its authority established under the Capital Markets Law independently under its own responsibility.
Capital Markets Board; Has introduced new regulations to regulate and audit the forex market. The reason for the need for such arrangements; The fact that most of the institutions that provide services for investing have their headquarters abroad and that the necessary controls can be made. The investors have lost money in large quantities after the transactions they have opened due to insufficient examination in this market.
Foreign exchange transactions require a great deal of knowledge and experience because there are many factors that affect the value of currencies. Because the transactions are carried out on platforms, the problems that may arise in the circumstances where the brokerage houses are not subject to statutory audits can prevent them from reaching the investors’ capitals.
In addition, the forex brokerage house, which owns the CMB document under this arrangement, is subject to having a certain capital power and information processing infrastructure. This makes forex companies more reliable in terms of forex investors. The Board is also able to protect investors of their own country against the risky Forex market by introducing restrictions on leverage rates that brokerage houses can offer and the ads they can publish.
As a result of the inspections brought to the Forex market in 2011, brokerage houses started to be audited and fraudsters who introduced themselves as brokerage houses were cut off. Forex companies have become more reliable as a result of supervision and provide investors with the best investment experience. At the same time, it began to be offered in services such as informing investors.
The number of forex brokerage institutions servicing over the platforms that are registered to the CMB and easy to use is increasing day by day. We are testing these trading platforms and customer service of brokerage houses for you investors. Reports prepared in line with our findings will help you find an intermediary institution audited by CMB. From the best forex companies you can read the reviews we have prepared to choose the one that suits you.
The Forex market is an international market, and its functioning, traded products and trading rules differ from other markets. Therefore, before the purchase and sale in this market, the operation of the market must be learned thoroughly. It is important for the investors trading in the market to gain experience in the demo (trial) account after getting information about the market, so that successful trading strategies can be produced. You can take the first step to this market by learning about the trading platform, order diversity, position collateral-profit / loss relationship, transaction conditions and other details. You can also improve yourself by participating in free trainings.
The best way to learn to trade on the Forex market is with demo accounts. These demo accounts, with $ 100,000 in virtual money, make it possible to trade in real market conditions. You can realize forex trading with virtual currency through simultaneous data and learn to invest in the most accurate way.
You will have the Forex demo account for free. To tell you how to become a demo account holder;
The forex companies that will mediate your transactions offer this demo account service for free. If you are in agreement with a legal forex company, this is the most important issue. Legal companies can be reached from CMB and forex service web sites. Once you have learned about forex trading companies, you can make your choice according to the facilities they offer.
A free demo account for your selected forex company can be downloaded easily. You only need to fill in the forum on the website to download it. You can download demo account with $ 100,000 virtual money by simply entering your name – your surname, phone number and email. After the download, you will be given a special username and password. Do not forget to record this password once.
Download the compressed file from the downloads section of your demo account that you downloaded and install the computer by saying ‘run’. In a short time the demo account of your computer will be established. You will have activated the username and password that you have saved by typing in the relevant locations on the platform. Then you will be on your platform for your forex trading and you will learn how to invest in the forex market by stepping through virtual money. It is also possible to use the program through the online platform called ‘WebTrader’ without downloading your computer.
You will not be given this service only after the form you filled in to download your demo account. At the same time you will also be entitled to free training. Again, forex company’s special training can download your computer over the internet, you can have a free forex book and watch narrated videos. Thanks to all these training possibilities, you will have your forex knowledge and experience in a very short time.
If you decide to evaluate your savings on the forex market, you can start investing by filling out the information required for the actual account on the website of the brokerage house or by specifying this request to the brokerage firm that is in constant contact with you.
The first step to getting started with Forex is to do some research and get brief information about it. Foreks should learn what is right and interpret the market objectively. There will be many comments on the internet and these comments may contain incorrect or incorrect information. That’s why you should learn from reliable sources. Once you have your mind, you should call yourself an intermediary. This intermediary is the first point that you need to evaluate the legal nature of the institution.
You need to get more information and experience to get started on the Forex market. If you are looking for how and where to learn Forex, the brokerage house that you are a member of will be extremely helpful in this regard and will give you the most accurate information. This knowledge and experience can be gained by taking advantage of free training opportunities offered by intermediary institutions. You will learn from the A to Z market when you benefit from training sets in the form of Forex books, training videos, online seminars and demo accounts.
Do not forget to set yourself a goal and strategy to get started with Forex. Create an investment plan and stick to the plan. Determine from what way you will follow and move in a steady manner.
There is also the possibility to earn money in the falling market in stock transactions. Investors investing in a downward direction are in a downward position with the “On Sale” transaction. However, not every investor can easily make an open sale transaction like forex. Because it sells shares that are not in your possession, and after the decline happens, it takes back the feeling and replaces it. In order for this transaction to be realized, the investor must borrow the amount of shares to be traded in the borrowing market of the brokerage institution. An investor who wishes to make an open sale transaction in stocks has to sign the On Sale Sales Operations Framework Agreement.
The Forex market is a market over OTC countertops and intercontinental transactions continue throughout the day
as there is an international currency market. Even though transactions are divided into 3 sections as Asian session, European session and america session, the transactions
last 24 hours continuously throughout the day. Forex market transactions begin at 00:00 on Sunday and finish at 24:00 on Friday, the last trading day of the week. Therefore, Forex market is a market traded 5/24.
In the past years, brokerage commissions of brokerage firms were very high. But over the years the commission rates have fallen to extremely reasonable levels. Nowadays, stock trading is possible with very attractive low commission rates and low transaction costs.