psychological amounts is a sign for its MT4 platform.
trading on the currency exchange is quite closely related to psychology, it’s psychological factors that often cause spikes in demand or supply, that ca n’t but affect the motion of the exchange rate. The cost on currency usually moves in a certain cost corridor, often the boundaries of such a corridor would be the so-called psychological levels. Where are these levels located, and what is the basis for their formation?
Psychological levels of forex appear in the area of round cost values, since most traders believe that the cost is likely to go further after overcoming a certain value than it will turn in the opposite direction. Examples of such levels are the marks-1.1000, 1.3300, 2.6550.
Any financial market, whether it is forex or the market of securities, futures, commodities-these are people. And in the nature of man, on a subconscious level, it is laid down so that he always strives to round everything. Don’t you believe it? It’s easy to check! If you, for example, buy some product for $ 19.9, and you will be asked later: “At what price did you buy it?” How do you answer this question?
Crowd psychology works in a similar way in any financial market.
- Simple, accessible even to a beginner, trading logic.
- The lack of delayed signals.
- Never redraws.
- No constant monitoring is required – market analysis takes several minutes per hour.
- Low probability of triggering stop losses.
- Psychological levels can be used to fix profits and set stop loss.
- Number of levels – the number of displayed levels.
- Color Psychological levels – color of psychological levels. Levels are multiples of 100-m. For example: 1.2000, 1.4400, 1.9800.
- Style Psychological levels – style of psychological lines.
- Color sublevels – color of sublevels. Levels are multiples of 25. For example: 1.2025, 1.4450, 1.9875.
- Style sublevels – style of sublevels.
Evgeny Belyaev, professional programmer and successful trader.
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