The cyclical nature of the Forex market and the patterns of fluctuations.

Most traders think that making money on Forex is only possible using technical and fundamental analysis, but experience shows that these research methods can be used without them.

It is quite difficult to find a currency that has moved in only one direction throughout its existence; most world currencies rise or fall in price with a certain cyclicality.

Typically, the price movement of a currency pair occurs within a certain price channel, which determines the minimum and maximum price levels.

The boundaries of a price channel are determined by government monetary policy and the influence of economic factors. However, for a trader, it's not about studying the factors themselves, but rather about identifying the existing boundaries. It's not that difficult to do, you just need to open it currency pair chart Whether it's a week or a month, a longer timeframe will allow us to see a more complete picture. And established cycles are usually quite long.

In this case, you should not count on a horizontal channel; the trend may also have a vertical direction.

Patterns of oscillations.

One of the main patterns of fluctuations is a correction after a strong movement; this is a truly real opportunity to earn money on Forex with minimal risk.

Typically, following an important event, the market moves a little further than the currency's actual value, after which the price recovers its real value.

The size of the correction is rarely less than 10% of a strong price movement, a great example was the fall of Bitcoin on September 14, 2017, when the price fell from 3850 to 3238, or $612, in one day.

The next day, the rate rose from $3,238 to $3,698 per 1 Bitcoin, meaning the price had almost recovered.

Yes, like any rule, there can be exceptions, but the longer the candlestick in the timeframe being studied, the higher the likelihood of a correction. Simply using patterns improves the effectiveness of trades.

You shouldn't spend a lot of time studying technical or fundamental analysisThere are a lot of players on the exchange who have been trading successfully for decades, using only the patterns of price behavior.