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GEMFOREX – weekly analysis

2023-01-10 admin 0

U.S. inflation figures and the start of corporate earnings season will be the main highlights of an otherwise quiet week on the economic calendar. Inflation […]

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How to Use Average True Range Indicator (ATR) in Forex Trading

2023-01-10 admin 0

ForexTradingwithAverageTrueRangeIndicator(ATR):KeyTakeawaysThereareseveralbenefitsthatforextraderscanderivefromusingtheATRindicator:1.Predictingvolatility:TheATRindicatorisoftenusedbyforextraderstopredictthepotentialvolatilityofacurrencypair.2.Determinepositionsize:Byknowingthevolatilityofacurrencypair,traderscanusetheATRtoestimatetheappropriatepositionsizetotakeonatrade.3.Riskmanagement:TheATRindicatorcanbeusedtosetstop-lossordersatsafedistancesfromentrypoints,dependingonhowvolatilethecurrencypairis.4.Trendidentification:ATRisalsocapableofidentifyingmarkettrends.IncreasingATRvaluesindicateanincreasingtrendwhiledecreasingATRvaluesindicateadecreasingtrend.5.Trendconfirmation:ATRcanalsobeusedtoconfirmthestrengthofatrend.HighATRvaluesmayindicateastrong,long-termtrendandalow,fallingATRvaluesuggestsaweaktrend. What Is the Average True Range (ATR)? The Average True Range (ATR) is a technical analysis indicator that measures the volatility of a financial […]