Eur/usd

Hi guys, can you help me, i’m the new one here, but i want to know, what is your method to forecast falling or going up?

The best thing to do is complete Babypips school. Then you don’t need to ask these questions my friend.

I think the method we all use is called analysis. I know that is not the answer you were looking for, but as perry said learn the basics first before you even enter the markets.

My method specifically is using Fibonacci ratios to find a pattern, then comparing it with the trend using moving averages and RSI.

If you’re new to the market, you have a lot of research to do before you even get to that point.

There are two ways in predicting the price movement: technical and fundamental method. For technical, the simplest way is to use support and resistance. For example, when the price breaks the support/resistance, we assume that the price would decrease/increase further.

The fundamental way is to be aware of the world’s economic news for forecasting the future prices. Economic data such as GDP, unemployment rate, and interest rates may create a momentum in the market that you could take advantage of. The central banks’ announcements may move the prices quite significantly as well.

The fundamental method though, needs a deeper knowledge in the financial market as your bias on the economic news is important.
Therefore, if you’re new in Forex trading, you may start learning the technical way first and start building your knowledge from there.

Agreed, with what Perry and LB said, just head back to baby pips school, review the content and you should be able to use the indicators and get the read on the trend…