In this article, we talked about the basic techniques of trading in digital contracts and presented a complete picture for a competent start to trade.
When you turn to trading platform, you will see a large window with a price chart. 1. On right is the vertical scale of quotations. 2. In upper left panel, you can select the type of graphics: in form of a line or coloured candlesticks. 3. Next you can select the timeframe for which the chart will be displayed: for the last 10 minutes, last hour or day. In this platform, you can put a line indicator on chart to determine the direction of price movement. And also you can open a separate window for more convenient work.
How to find out where the chart line will go: up or down? There are three types of market analysis for this. The first one is global is Fundamental analysis. It is based on the news of a particular country and the world as a whole, and also includes political rumours, general moods of traders and comments of important people (for example, heads of central banks). Key events that are scheduled for the week ahead are posted in a special economic. You can find this calendar in the “Analytics” section. If an event is marked with three “bull heads”, then it has a particularly strong influence on a particular currency pair.