PRN: An Introduction to Technical Analysis With Vantage FX UK
An Introduction to Technical Analysis With Vantage FX UK
LONDON, December 29, 2011 /PRNewswire/ --
ï»¿As 2011 draws to a close, traders might reflect on what has been a turbulent year for the foreign exchange. But is the volatility set to continue or are the markets about to stabilise in 2012? Forex trading dealer Vantage FX UK (http://www.vantagefxuk.co.uk/) offers an introductory guide to technical analysis to help Forex traders gauge what might be in store for the currency market.
What is Technical Analysis?
Technical analysis is principally the study of price and volume to help forecast future stock price or financial price swings. It is vital to note that technical analysis is an art, not an exact science, and does not result in absolute predictions about the future.
One of the most straight forward fundamentals of technical analysis is to identify a trend which can be explained by the direction of the market due to supply and demand.
Defining a trend can be complicated, asÂ pricesÂ do not tend to move in a straight line in any direction, butÂ rather in a series of highs and lows. In technical analysis, it is the movement of the highs and lows that constitutes a trend - for example, anÂ uptrendÂ is classified as a series of higher highs and higher lows, while a downtrend is one of lower lows and lower highs.Â
Forex traders can practice their technical analysis skills risk-free with a Vantage FX UK demo account. The free account is an exact replica of the company's live MetaTrader 4 trading environment, including tight spreads and trade execution.
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Trading derivatives and Forex carries a high level of risk to your capital and you should only trade with money you can afford to lose. Forex trading may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
About Vantage FX UK
Vantage FX UK is an internationally recognised currency trading broker based in the City of London, providing foreign exchange trading services to clients in the UK, the EU and the rest of the world. Â
What sets Vantage FX apart is its wide range of services and outstanding level of customer support. The company strives to provide an intuitive, interactive Forex experience by continually innovating and taking advantage of the latest trading technology, such as MetaTrader 4 and Expert Advisors.
Vantage FX also offers extensive educational resources to help give traders their edge, keep up with daily market commentary and try a Forex trading demo account. For further information on Forex trading at Vantage FX, visit http://www.vantagefx.co.uk/