Forex and Indices Trading

Forex Trading: A Primer on Channel Trading, Indices, and Currency Pairs Channel Trading Channel trading is a technical analysis method used to identify and capitalize on price trends within defined boundaries. These boundaries, or channels, are typically drawn on price charts to visualize the price movement's direction and potential range. Types of Channels: * Ascending Channel: Characterized by an upward-sloping trendline connecting a series of higher lows and another trendline connecting a series of higher highs. Traders often look to buy near the lower boundary and sell near the upper boundary.