Google isn’t the only phonemaker released updates to kick off a new month. Samsung is pushing August updates to the Galaxy S23 and Galaxy S24 series only days after the Pixel line was blessed.

In this Samsung August update, neither phone series is getting anything special. As far as we can tell from changelogs, these are simply security patches for the month of August. We know that Samsung is working towards an eventual One UI 7 update with Android 15, but for now, we’re seeing bug fixes. There’s also supposed to be a One UI 6.1.1 update at any moment, even if this isn’t it.

For the Galaxy S24 series, be on the lookout for builds S928USQS3AXFJ (S24 Ultra), S926USQS3AXFJ (S24+), and S921USQS3AXFJ (S24). For the Galaxy S23 series, you should see builds of S918USQS4CXG8 (S23 Ultra), S916USQS4CXG8 (S23+), and S911USQS4CXG8 (S23).

Verizon says in release notes that this update “provides the most up to date Android security patches on your device,” while Samsung suggests “The device is protected with improved security” from it. Nice.

To check for Samsung updates, head into Settings>Software update>Download and install.

// Verizon | Samsung

Cheers TC!

Instagram has doubled the number of photos and videos you can include in a single post.

Previously, you could only share up to 10 pieces of media, but now, you’re able to post up to 20 at a time. These groups of photos and videos, formally called “carousels” or colloquially referred to as “photo dumps,” were introduced in 2017. Before then, you’d have to use some sort of a template app to combine photos into a single picture to post.

This is one of several ways that Instagram has expanded the carousel feature in recent years. Other additions include the ability to add music to a post and collaborative posts that are shared to multiple accounts simultaneously.

It’s worth noting that TikTok currently supports up to 35 photos in a post. While the platform is best known for its short-form videos, it has also seen an increase in popularity for photo slideshow-like posts.

The ability to post 20 photos or videos is rolling out now globally. Will this expansion of the carousel encourage you to post even more on Instagram? Let us know in the comments.

Via: Engadget

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Mobile devices have opened up a whole new world of possibilities for forex traders – allowing us to respond to changing markets in real-time no matter where we are. Some clever automated trading bots for Android take advantage of this by enabling traders to easily manage positions and execute tactics from their phones. For those new to algorithmic trading, it may seem scary handing control to a bot, but they can make life a lot simpler! Here’s an introduction to 5 of the top free Android bots and why they’re worth exploring.

Benefits of Forex Trading Bots

While giving up control doesn’t come naturally to us humans, automated solutions offer some cool benefits that many traders are finding worthwhile:

Accessibility

Unlike complex desktop software, these bots deploy straight from user-friendly mobile apps. So trading strategies can be adjusted on-the-fly without being stuck at a PC. The convenience this allows in staying on top of positions is huge.

Reliability

Let’s be honest – emotions like fear and greed often mess with our trading decisions. Robots consistently apply logic and analytics without fatigue, hesitation, or bad judgement calls. Less mistakes usually means better results.

The Top 5 Android Assistants for Forex Trading

In the complex world of currency trading, a little automation can go a long way. Savvy Android users can handpick from various bots, easing the maneuvering of financial markets. Below are 5 of the foremost free forex bots for mobile-centric investors.

1. MetaTrader 4

MetaTrader 4 enjoys status as the world’s highest-profile retail trading software for good reason. Its mobile app flawlessly mirrors the functionality that’s made the desktop platform famous. This liberates Android-toting traders through continuity, allowing them to activate intricate custom bots or handy presets like the MACD Sample EA on the fly. Streamlined connections with API-linked brokers further oil the wheels.

2. FXCM Trading Station Mobile

FXCM smartly knows less can be more when it comes to mobile. Their slick app distills automation down to essentials like easy-to-use bots built around popular technical indicators. The ability to conveniently adjust currency positions or receivers quick signals via mobile keeps trading accessible for newcomers.

3. AvaTradeGO

AvaTradeGO allows effortlessly launching proprietary bots engineered to track and capitalize on trends in the volatile cryptosphere. With performance Remaining constantly updated against benchmarks, users can monitor results on the move. Integration with AvaTrade’s infrastructure also enables deposits and bot-driven trades to smoothly flow through Android devices.

4. eToro Copytrader

Unlike fully automated solutions, eToro’s Copytrader focuses on mirroring the ongoing decisions of flesh-and-blood traders with outstanding track records. Investors can apply filters to discover and mimic vetted performers in a passive signals approach better suited for mobile engagement.

5. Trade Interceptor

Billed as the Swiss army knife of mobile trading apps, Trade Interceptor brings multi-broker support and a hearty feature set. This includes one-click trading bots granting customization options for individualized automation strategies. Users can apply tweaks to indicators or allow adaptive response to ever-changing market climates.

Key Factors In Selecting Android Trading Bots

While the aforementioned apps deliver simplified automation to Android devices, choosing the optimal solution depends greatly on individual user priorities and level of trading experience. These key considerations help match needs accurately:

Account Security

Applications lacking fallback encryption protocols for login details expose traders to serious fraud risks. Checking encryption standards is mandatory.

Equally crucial is verifying the regulated status of brokers before allowing any app automation access to accounts. Android versatility remains handicapped without proper regulatory oversight.

Complexity Preferences

Seasoned traders adept at installing custom indicators or EAs will find MT4’s open architecture accommodating. Novices may better prefer ready preset bots on apps like AvaTrade.

Those seeking to automate bespoke signaling approaches requiring original code or complex logic should ensure Android compatibility for their craft first.

Functionality

Applications with tighter device integration allow smoother automated interactions while multitasking across Android screens or notifications.

Traders with higher risk appetites might want automation with more aggressive profit targets without restraints. Conservative investors could demand enforced stop-losses or caps on position sizing for all automated trades.

Carefully analyzing areas that align with such specific requirements and priorities reduces guesswork in determining which Android automated solution best matches individual trading styles and constraints most accurately. This takes the frustrations out of mobile trading.

Maximizing Automation Value

To extract the greatest utility from mobile automated solutions, users should:

Learn their Capabilities

Instead of expecting plug-and-play perfection, traders well-versed in their chosen platform’s strengths spur more powerful synergies. Becoming familiar with all available features allows traders to use bots more strategically.

Customize settings

Default options serve the masses, but tailored configurations matching trading style often improves automated profitability. Taking the time to adjust indicators, risk parameters, and automations to align with personal preferences or strategies boosts profit potential enormously.

Monitor performance

While a major benefit lies in setting and forgetting bot trades, periodic monitoring proves important to ensure markets have not overwhelmed automated logic. Traders should check metrics like win percentages, drawdowns, open trades etc. monthly.

Review functionality

As brokers upgrade platforms and bots integrate new features, reviewing functionality updates ensures traders exploit latest advantages. New machine learning modules, updated technical indicators, or better backtesting capability could elevate profitability.

Conclusion

Android mobility has unlocked exciting potential for traders to tap into sophisticated algorithmic systems on the go. As the platforms explored illustrate, advanced automation is no longer confined to desktop terminals alone. From custom MQL expert advisors to preset technical indicator bots, mobile solutions now mirror essential functionalities of prominent established platforms.

Astute traders realistically assessing their priorities first regarding account security, complexity needs, functionality etc stand better positioned to determine optimal solutions matching individual requirements and constraints accurately. While the chosen application provides the algorithmic “brains”, properly maximizing long-term profitability relies entirely on the human element through education, customization, performance monitoring and ongoing reviews to extract full synergies.

Ultimately, seamless user-bot collaboration systems alone can empower traders fully with reliable automation and analysis tethered reliably to their smartphones everywhere.

Sources:
Top 10 Forex Robots | Does Automated Forex Trading Robot Work? | LiteFinance
(21) 5 Best Automated Forex Trading Robots For Android | LinkedIn
Best Forex Robots (Top EA Trading Options & More) • Benzinga

The Google TV Streamer is official as of earlier this week, but because the device hasn’t yet shipped and no one has it in their hands for review, bits of additional info are trickling out to help you decide if you need one. For example, just today, we’re learning about expandable storage for it and which version of Android it runs.

First, we’ve now got confirmation that the Google TV Streamer does indeed support external storage. While Google made it clear that they think the upgrade to 32GB of storage in this new device is a major upgrade over the 8GB in the Chromecast with Google TV (and it is), some power users may need even more space.

Google told 9to5Google that the Google TV Streamer can technically handle external storage through its USB-C port. Unfortunately, there is only a single USB-C port, which is used for power to the device. In order to expand storage and power the Streamer, you would need to use some sort of dongle that would give you an additional port. That will apparently work, too.

And the other part of today’s news drop relates to the version of Android. The Google TV Streamer, according to Mishaal Rahman, runs Android 14. This would be the first Google TV device to do so, which it should be as a Google-made device.

Android 14 for Google TV was announced back in May at Google I/O and is expected to bring big performance improvements, as well as multi-tasking. We hope that refers to Android 14’s picture-in-picture capabilities. There’s more too, which you can read about here.

Google TV Streamer at $99.99 – we decide if we’re buying yet?

Stray, the popular cat game from boutique indie publisher Annapurna Interactive, is finally launching on Nintendo Switch on November 19th.

Annapurna had previously confirmed a “holiday 2024” window for the Switch port, but it’s now giving an official date on August 8th in celebration of International Cat Day. Check out the announcement trailer below:

Stray was developed by BlueTwelve Studio and originally launched on PS4, PS5 and PC in July 2022 to rapid virality. (Ports for Xbox consoles and Mac came the following year.) The adventure game follows a stray cat that must navigate a futuristic world with a robot companion.

Upon its original 2022 release, Stray garnered significant acclaim and was even one of the six Game of the Year nominees at The Game Awards. (Elden Ring ended up winning.) Annapurna’s animation division is also working on a Stray adaptation.

Image credit: Annapurna Interactive

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Just Cause Games has proved itself to be one of the best-selling brands in the gaming industry. And now Square Enix has unveiled the date when Just Cause 5 will be released to its avid fans. Studio Square Enix has revealed their latest shareholders updates in their financial results this week, sharing what they have in store for the fans of the renowned action-adventure game series. The news has caused ripples among the gaming community worldwide.

Background of the Just Cause Franchise

For those unaware of the series, Just Cause is the story of Rico Rodriguez, the skilled operative who aims to liberate fascinating places with freedom from oppressive regimes. It has been famous for its visually stunning open-world settings and exaggerated action. The latter of which culminated in its initial appearance on PlayStation 2 and Xbox.

Despite the success of several sequels such as the recent Just Cause 4, 2018 the future of the franchise has been brought into question after the recent Square Enix deal with Embracer Group, made earlier this year. While Tomb Raider and Deus Ex franchises managed to find their new homes, the status of Just Cause was open to question.

What You Should Expect

Now that Just Cause 5 has been announced, long-time fans can at long last feel comforted by knowing that Square Enix still considers this beloved franchise as a top priority. As there is little info about the game now, it is rumored that Avalanche Studio, the creators of the series in the past, will be in charge of developing it.

Nevertheless, the development team of Avalanche Studios has returned its energy to its upcoming title, Contraband. It is an open-world cooperative shooter title that is an Xbox Series X/S console exclusive. Because of this, the players may have to go to considerable lengths just to access the world of Rico Rodriguez as well as the adrenaline-fueled fun that the respective version of this game provides.

Just Cause: Mobile

In addition to the news of Just Cause 5, Square Enix also announced the development of Just Cause: Mobile. First unveiled in 2020, the Just Cause mobile game was set to keep up with the franchise’s signature and excessive action like always, but with one major difference. It was available to play exclusively on mobile phones. However, after facing multiple delays, Just Cause: Mobile, had been scrapped in 2023, thus, dissatisfying players.

Speculation and Plot Details

Even though Square Enix, so far, has not provided any specific information about the story of Just Cause 5, enthusiasts already have a lot of speculations. On the basis of past chapters’ story route, we guess the game will be again taking place in the USA. Rico will be struggling against the Agency – an unknown for now organization that was appointed as the main antagonist in the current part of Just Cause.

Also, the closures of both Just Cause 3 and 4 hint at a possible weather control plot which might make an interesting twist to the franchise’s storyline.

Conclusion

As fans eagerly await further updates on Just Cause 5, one thing is certain: the future of the franchise is bright. With Square Enix not being shy about its plans for the franchise development and all possible scenarios to fill our fantasy with new adventurous experiences. Players are sure to have the chance to jump into Rico Rodriguez’s iconic shoes and spread the chaos one more time.

Q&A

Q: Should Just Cause 5 be on your wishlist this December?

Ans: After the latest announcement about the production of Just Cause 5, the asset is probably on the first line of many gamer’s holiday checklists. The excitement about the sequel is felt everywhere. Fans hope to be the first person to find out an announcement regarding its release.

Q: Could you offer an overview of the Just Cause universe?

Ans: The Just Cause world is filled with a variety of landscapes, tough war sequences, and interesting characters. The character, Rico Rodriguez, is a highly trained operative whose job is to help people who are fighting against dictatorial governments. The franchise’s focus on freedom, disorder, and investigation has made it a fan favorite all over the world.

Q: What can we expect regarding the heat level in Just Cause 5?

A: Even if the details around Just Cause 5 remain secret, players can expect to experience the same adrenaline-fueled action and cinematic battles that made the previous games famous. The heat level indicates enemy activity or pursuit will most likely rise to the max.

Q: How does Square Enix plan to maintain the quality of the Just Cause IP?

Ans: Square Enix has been delivering top-class gaming experience for a long period. The Just Cause franchise meant no different. For Just Cause 5, preserving the success of the series in terms of graphics, immersive gameplay, and compelling narrative is the goal. Through technology and design evolution, the new IP engages the audience and raises the bar for interactive entertainment.

This Song Explains The Laws of Success That Apply To EVERYONE ON EARTH!

Listen to the song “THAT’S LAW” now, on Spotify, Apple Music, YouTube Music, Amazon Music, Deezer

THAT’S LAW Official Music Video & Lyrics – Fearless Motivation – WATCH FREE ON YOUTUBE:

Rule number one – get things doneNumber two – stay true to your thing, son

Count to three, breathe in and pick the pace upRace on all fours – is the fourth, if you can’t run

Number five, focus leads to mastery of self

Sick straight for six days and sixth says to walk through hellSeven gates to sever the pain will shape you wellTo fulfil the eighth – to rule the world you got to reign yourself

Nine – every time that you fall is just a step upTen – only way to fail is if you don’t get up

Eleven – strong body can’t stem from a weak mindTwelve – value doesn’t need to be seen, can you see time?Thirteen years of cowardice are years of pain

Fourteen – success is not determined by ageAll of these lead to fifteen, be proud of yourselfSixteen – happiness comes from you, not the wealth

That’s law! That’s law!You got to do the work, so face itThat’s law! That’s law!There’s no room for the fakes, just greatness

That’s law! That’s law!You got to do the work, so face itThat’s law! That’s law!There’s no room for the fakes, just greatness

Success you have to earn, it’s something you got to learnTo push through the flames, the aches and the burnsThe mistakes and the hurt lead a way through the dirt

But in hindsight it’s the path you paved, it is yoursListen to your heart, instincts, get immersedIn the realm you created and embrace every curse

Fuel the fire in your heart, fuel the fire in your soulThis’ the reason that you’re born, to inspire through your workIf a door won’t open, knock it downMake a chance when there’s none, show the planet what you’re ’bout

No games, no play, only boutsMake the competition tremble in the face of your powerGrowl, roar like a lion, soarLike a hawk from the sky, aim for the prey and goThe chain of food doesn’t care who you areUnless your part of species at the top – that’s law

That’s law! That’s law!You got to do the work, so face itThat’s law! That’s law!There’s no room for the fakes, just greatness

That’s law! That’s law!You got to do the work, so face itThat’s law! That’s law!There’s no room for the fakes, just greatness

That’s law! That’s law!You got to do the work, so face itThat’s law! That’s law!There’s no room for the fakes, just greatness

That’s law! That’s law!You got to do the work, so face itThat’s law! That’s law!There’s no room for the fakes, just greatness

Rising in any career — as well as in life — takes determination, perseverance and adaptability. And It’s generally best if you can remain grounded in humility and gratitude, acknowledging the opportunities that have come your way. 

It also takes resilience and courage: the courage to turn the wheel and embrace life’s myriad twists and turns. When I reflect back on my own career, I often think about the advice I took to heart, such as from the motivational speaker Zig Ziglar. 

He said just get started in any direction, and once moving, then it is easy to turn that wheel in the right direction. 

Here are 7 proven strategies that helped keep me moving throughout my career and rising to the top. I am confident that they can help you as well:

1. Never place a lid on your own thinking

If you’re familiar with Zig Ziglar you may know about his flea parable. As the parable goes, when the flea trainers placed fleas in a jar and left the top off, the fleas jumped up and out endlessly, escaping the jar. 

Once they covered the jar with a lid, the fleas jumped high, hitting the lid over and over creating a limitation they learned they couldn’t overcome. 

After time, once the trainers took the lid back off, the fleas could not jump out. The limitation was now set in their mind, even if it was no longer there in reality.

2. Don’t expect a seamless career

My Dad sold insurance, and as a boy I sometimes followed him door to door. I know there were times when he wanted to just go home. But he needed to keep going, and he did. That was my introduction to the world of business. 

As I embarked on my own career, I made sure I wasn’t just doing what I wanted, but what I needed to do. It may not have been as well-planned or seamless as I’d hoped, but the truth is, no career is. 

You’ll be given opportunities — and it’s up to you to recognize them, conventional or not, and take full advantage of them.

I’d already visited and worked in the United States but hadn’t yet decided to settle here. I was still a young man when I received a prestigious scholarship from British Leyland Motor Corporation (BLMC) — manufacturer of iconic brands like Austin, Jaguar, Morris, MG, Triumph and Rover. 

In my position there, I got the chance to experience work at almost every level of the company, from the production line to sitting in on senior management meetings. 

But I saw how even this impressive brand and leadership team couldn’t surmount the broader fault lines in British society at the time. The company was crippled by confrontational labor relations, and I knew there were no easy fixes. 

Instead, I decided that to keep moving forward in my career, I had to make the move to America. I never looked back.

4. Find your niche

I realized I loved the sports world — I had played semi-professional football (soccer) for Oxford City Football Club when I was still in England. I also loved helping organizations grow. 

So, I combined them into my own niche, focusing on revenue generation and fan community building for start-ups and turn-around situations, and helping sports organizations refocus, build and drive — on the field, court and ice. 

That included the Pittsburgh Pirates, the Colorado Rockies, the Denver Grizzlies, the University of Denver athletics department, the National Basketball Association, and the Atlanta Hawks, Atlanta Thrashers and Philips Arena.

When I founded my sports marketing firm, The Aspire Group, I acted first as CEO, and later as Chairman. I knew I wanted it to keep growing and all my decisions were based on that objective. 

Aspire became one of the leading outsourced revenue-generating firms globally in the space and generated more than $125 million in new and enhanced client revenues per year, and over $1.75 Billion for our over 300 iconic clients globally. 

When I sold Aspire to Playfly Sports in May 2023, I knew it was the best way to keep Aspire growing, since Playfly is the fastest growing company in sports multimedia rights, marketing and technology.

6. Seize challenges as opportunities

This is a simple one, but it’s an important mindset shift. If you have a goal or a dream, go for it. For instance, if you want to rise in the corporate world, you need to be willing to climb the ladder, no matter how slippery it might be. 

When you face a challenge, see it as an opportunity, and go for it.

7. Just turn the wheel

Back to Zig Ziglar, whose wisdom taught me so much. To move forward takes change. Sometimes you are going to have to turn the wheel, even when there is no momentum. 

Being able to decide on the direction you must take does not have to be the starting point. If you cannot decide, just start anywhere — you’ll be able to adjust to the right direction once you’re moving. 

There are always consequences for every action, and every inaction. But with that initial action, that first step, even if it is not in the exact right direction, it is often the key to success.

I’m at the stage where I’ve shifted my focus from growing a career to making a difference. But I’m able to bring the lessons learned over time to this new endeavor, and I’m able to make a difference because I have the track record and success to propel me forward. 

That’s the bonus to guiding your own career with care. Once you acknowledge that you are ready, then you can use your experience, power, and confidence to help others as well.

How Bad Do You Want It (Official Lyrics) Fearless Motivation, Pendo46, R Reed

Listen to the song “HOW BAD DO YOU WANT IT” now, on Spotify, Apple Music, Deezer, Amazon or YouTube Music

How Bad Do You Want It – Official Lyric Video – Fearless Motivation – WATCH:

They try to make you smaller, I try to show you temperanceThey try to make a dollar, I try to make a difference

How bad do you want it when you see it in the distanceWhen reaching’s not enough but you still need it by extension

I mean WHY? Do you not attempt to TRY?Cause they said that you can’t fly? So you’ve never seen the sky!No matter how much you can cry – take those words as just a lie!If it all comes down to pride then their thoughts get deniedDon’t hide

How bad do you want it?How bad do you want it?How bad do you want it?So when’s enough enough?How bad do you want it?How bad do you want it?How bad do you want it?You need to toughen up!

This’ not… the part… to quitDon’t think… Just doThis hurt… This pain… This grit…You hold on to that feelingNot happy with what I’ve done to getI guess that’s the point of this

Add to the confidence that leads to accomplishmentsFeeds into consciousness can’t take the consequenceSpeaks to the dominanceI need it like a son needs a fatherIf its not accessible that means i just reach further

How bad do you want it?How bad do you want it?How bad do you want it?So when’s enough enough?How bad do you want it?How bad do you want it?How bad do you want it?You need to toughen up!How bad? BAD!How bad? BAD!How bad? BAD!There’s nothing stopping you!How bad? BAD!How bad? BAD!How bad? BAD!Do what you got to do!

Go off like a jet packStress stackedNot there? check backLater hit hard get more impactSmile at the test uhh that’s what the grins forWin more cut through grips like a pincerThis’ for the outlaws rebels resistThat’s not with the plan won’t stand and assist

I need it like a boater needs fishLike a fighter needs a fistLike a light needs a switch

Look at this

How bad do you want it?How bad do you want it?How bad do you want it?So when’s enough enough?How bad do you want it?How bad do you want it?How bad do you want it?You need to toughen up!How bad? BAD!How bad? BAD!How bad? BAD!There’s nothing stopping you!How bad? BAD!How bad? BAD!How bad? BAD!Do what you got to do!

Move as if you need it like a heart thumpBeating from your spirit so loud it’s like a hard drumBoom boom boomWhat’s the journey with no outcome?Rather have a mission than to walk around without one

Don’t get used to the shelter adapt to the weatherYou should never settle you know you can do betterI’m coming like a star fell cometSo of you not fighting for it how had do you want it?

This article was last updated on February 1, 2023

Forex technical analysis is a method of evaluating future currency price movements based on past market data, primarily price, and volume. Beginners can start by studying chart patterns, trendlines, and popular indicators such as Moving Averages, Bollinger Bands, and RSI. It is important to understand that technical analysis is not a guarantee of future market behavior, but rather a tool to aid in making informed trading decisions. It should also be used in conjunction with fundamental analysis, which considers economic and political factors that may impact currency prices.

Introduction

Forex technical analysis is a useful tool that traders employ to study and predict how the foreign exchange market will behave. It is a type of data analysis that focuses on the patterns and price movements of currency pairs and gives traders the knowledge they need to make wise choices. The study of price action, which includes looking at charts, trendlines, and other visual representations of price data, is the basis of forex technical analysis. Trades can be made by identifying trends in historical market data and forecasting the course of future price movements.

It is impossible to overestimate the role that technical analysis plays in forex trading. Most effective FX traders’ techniques include technical analysis heavily since it gives them the knowledge they need to make wise decisions and reduce risk. The capacity to swiftly and accurately assess market data is essential to success in the fast-paced world of currency trading.

Forex technical analysis is a complex field that requires a solid understanding of key concepts and terminology. For beginners, it is important to start by learning about chart patterns, trendlines, and popular indicators such as Moving Averages, Bollinger Bands, and RSI. Understanding these concepts is the foundation for successful forex technical analysis, allowing traders to quickly identify trends and make informed decisions about their trades.

Finally, technical analysis for the forex market is a crucial tool for traders who want to be successful in the foreign exchange market. It assists traders in reducing risk and maximizing profits by offering insightful information on the behavior of currency pairs. The knowledge of forex technical analysis is a crucial step toward success in the FX market, regardless of your level of experience.

What is Forex Technical Analysis?

Trading professionals utilize forex technical analysis (FTA) as a useful tool to help them decide what to do in the foreign exchange market. The process entails analyzing a currency pair’s historical pricing data to spot patterns, trends, and other crucial market data. Once future price changes are predicted using this knowledge, a profitable trading strategy may be created.

FTA is based on the assumption that the price of a currency pair already incorporates all important market information, including economic and political factors. This means that traders can gain a better understanding of the market and make more educated predictions about future price movements by monitoring the price changes of a currency pair.

The fact that FTA is founded on data and historical market behavior rather than assumptions or opinions is one of its main advantages. This makes it a trustworthy and impartial method of assessing the market. FTA is primarily focused on the price and volume data of a currency pair, as opposed to fundamental analysis, which also focuses on the economic and political issues that have an impact on the market.

Utilizing different chart patterns, trendlines, and indicators, technical analysis analyzes market data. Moving averages, Bollinger bands, and RSI are a few well-known indicators that give traders information about market trends and probable price changes. It is crucial to realize that in order to obtain a comprehensive picture of the market, technical analysis should be utilized in conjunction with other types of analysis, such as fundamental analysis.

Why is Forex Technical Analysis Important?

An essential component of trading on the foreign exchange market is forex technical analysis. By employing this technique, traders can better comprehend market trends and forecast the course of currency values in the future. By doing so, traders can set suitable stop-loss levels to control their risk and make better judgments about whether to enter or quit transactions.

Technical analysis evaluates past price data using chart patterns, trendlines, and numerous indicators. Traders can spot important levels of support and resistance as well as potential price reversal patterns by looking at historical market data. Once future price changes are predicted using this knowledge, a profitable trading strategy may be created.

The objective character of forex technical analysis is one of its main advantages. Technical analysis is unbiased, unlike other types of analysis like fundamental analysis, which is based on judgments and views. Instead, it bases price changes on data and previous market activity. Because of this, traders can use it as a trustworthy and dependable tool to assess the market.

To acquire a thorough picture of the market, forex technical analysis can also be used in conjunction with other types of analysis, such as fundamental analysis. Traders can make better judgments and reduce their risk by combining the insights from technical and fundamental analysis.

Key Concepts and Terminology

When it comes to forex technical analysis, there are a few key concepts and terminology people should be familiar with in order to effectively use the analysis.

Support and Resistance

Support and resistance are key concepts in forex trading that refer to levels at which prices tend to either stop declining or start rising.

Support refers to a level at which demand for a currency is thought to be strong enough to prevent its price from declining further. In other words, it is a level at which buyers are believed to step in and start buying, preventing the price from falling.

Resistance, on the other hand, refers to a level at which selling pressure is believed to be strong enough to prevent the price from rising further. In other words, it is a level at which sellers are believed to step in and start selling, preventing the price from going up.

Support and resistance levels can be identified by analyzing historical price data and chart patterns. Traders use these levels to make predictions about potential price movements and to make buy or sell decisions. For example, if a currency’s price is approaching a known level of support, traders may enter a long position in anticipation of the price rising. Conversely, if a currency’s price is approaching a known level of resistance, traders may enter a short position in anticipation of the price falling.

It’s important to note that support and resistance levels are not always set in stone and can change over time. Traders should regularly review these levels and adjust their trading strategies accordingly.

Trends

A trend in forex trading refers to the general direction that a currency pair is moving in. Trends can be either upward (bullish), downward (bearish), or sideways (consolidating).

An upward trend, also known as a bullish trend, is characterized by a series of higher highs and higher lows, indicating that the price is generally moving higher.

A downward trend, also known as a bearish trend, is characterized by a series of lower highs and lower lows, indicating that the price is generally moving lower.

A sideways trend, also known as a consolidating trend, is characterized by a lack of clear direction, with the price moving in a narrow range without making significant advances or declines.

Forex traders use trends to make predictions about potential price movements and to inform their buy or sell decisions. For example, if a currency pair is in an upward trend, traders may enter a long position in anticipation of the price continuing to rise. Conversely, if a currency pair is in a downward trend, traders may enter a short position in anticipation of the price continuing to fall.

It’s important to note that trends can change over time and that traders should regularly review the trend of a currency pair and adjust their trading strategies accordingly. Additionally, traders often use technical analysis tools, such as trendlines and moving averages, to help identify trends and make more informed decisions.

Chart Patterns

Chart patterns are visual representations of price movements on a currency pair’s price chart that can be used to make predictions about future price movements. In forex trading, chart patterns are used by traders to identify potential trading opportunities and to inform their buy or sell decisions.

Some common chart patterns include head and shoulders, triangles, wedges, and flag and pennant patterns. Each of these patterns has a distinct appearance and is associated with specific price movements and trends.

Head and shoulders patterns, for example, are reversal patterns that indicate a potential trend change from upward to downward. They are characterized by a peak (left shoulder), a higher peak (head), and a lower peak (right shoulder) that form the shape of a human head and shoulders.

Triangles, on the other hand, are continuation patterns that indicate a potential trend continuation in the direction of the previous trend. They are characterized by a narrowing of the price range, with the price making lower highs and higher lows.

Wedges, flag and pennant patterns, and other chart patterns each have their own unique appearance and associated price movements. By analyzing chart patterns, traders can make predictions about potential price movements and inform their buy or sell decisions.

It’s important to note that chart patterns are not a guarantee of future price movements and that traders should use multiple sources of information, including technical and fundamental analysis, to inform their trading decisions. Additionally, chart patterns can be subjective and may not be easily recognizable in all market conditions.

Indicators

Calculations based on the price and/or volume of a currency pair are used to create forex indicators. These computations are done in order to produce indications that traders can utilize to help them decide whether to purchase or sell.

Leading and trailing indicators are two basic categories into which forex indicators can be divided. Leading indicators are used to provide early signals about possible price moves and are especially helpful in trending markets. Examples of leading indicators include moving averages and the relative strength index (RSI).

Lagging indicators are used to confirm trend direction and give insight into probable trend reversals. Examples include Bollinger Bands and moving average convergence divergence (MACD). They are especially helpful in consolidating markets, where price changes are erratic and trends are challenging to spot.

Moving averages, Bollinger Bands, RSI, MACD, and stochastic oscillator are a few of the most used forex indicators. The calculation and interpretation of each of these indicators varies, and traders frequently combine many indicators to provide a more comprehensive view of the state of the market.

The use of many sources of information, such as technical and fundamental research, to guide trading decisions is advised by traders. Forex indicators are not a guarantee of future price movements. Additionally, forex indicators may not be accurate in all market conditions and may produce false indications.

Conclusion

Forex technical analysis is a critical tool for beginners who are looking to make informed decisions in the foreign exchange market. It provides traders with the ability to analyze historical price data, identify patterns and trends, and make predictions about future price movements. Technical analysis is a data-driven approach that relies on facts and past market behavior rather than opinions or guesswork. This is why it is an essential component of most successful FX traders’ trading strategies.

Forex technical analysis is an incredibly powerful tool that can be used to analyze and identify trends in the foreign exchange market. It is a crucial component of most successful FX traders’ trading strategies and can make the difference between success and failure. This article provided an overview of Forex technical analysis for beginners, covering the basics of what it is and why it is important, as well as key concepts and terminology to be familiar with. We hope this article has been informative and that it has provided valuable insight into forex technical analysis.

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