What is confluence in forex trading?

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Thread: What is confluence in forex trading?

  1. #1
    Member asiaforexmentor's Avatar
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    Arrow What is confluence in forex trading?

    What is confluence in forex trading?
    What is CONFLUENCE in Forex Trading?

    Alot of people have this question in mind on what is confluence in forex trading.
    And why is it so important.
    Lets start with the Forex Market.
    It is made up of traders (Big or Small) to determine the flow of the market.
    For example: if there are more people buying the Bulls than the bears at a period of time. The market will most likely go Bullish. And so forth if it goes bearish.
    Therefore, forex trading is about understanding the market sentiments. “Where is the big guys with the big influx of money moving the currency market to?”
    And this leads to CONFLUENCE.
    For example.
    Forex Trader A trades only on Fibonacci signals
    Forex Trader B trades only on Moving Average signals
    Forex Trader C trades only on Support & Resistance
    Forex Trader D trades only on Price action
    Forex Trader E trades only on News
    Forex Trader F trades only on Divergence
    Forex Trader G trades on other indicator signals
    Example: Forex Trader A sees a fibonacci signal which is strong and he enters it long. But Forex trader B & C sees their signal and took it short. The market will most likely head short if there are more traders who took it short than long. The bears won the game.
    From this example, you can see why Confluence is so important in forex trading and why professional forex traders enter only on confluence.
    When we combine all the signals, and if they come together in the same direction. Then there is a very good chance that the market will move your way. Because all the forex traders sees their signal (eg. long) and entered it. Regardless of which signals you see, it shows short.
    This shows that, the more trading signals you get on your side of the trade, the higher the chance of winning.
    Of course we need not wait until all the above forex signals come together. So long as we have 3-5 signals that comes together. We have gotten ourself a good trade. And if you take these kind of trades continuously, your forex account size is sure to grow.
    Remember you heard this First from Asia Forex Mentor, and at our Price Action Course – We teach the full forex trading system and strategies for you to apply in your live forex trading account.
    It is Not only about Confluence but is also about how to be a CONSISTENTLY PROFITABLE forex trader.
    To an awesome trading as always,
    Ezekiel Chew
    Asia Forex Mentor's forex course is now FREE!

    A complete professional forex trading system that even newbies can apply instantly.

  2. #2
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    I mark the demand and supply of Forex market by formation of candlesticks. Yes! Price Action is the best weapon for me to know market situation. Actually, I have learned price action trading from so many popular Forex trainers. Now, I trade with TradingBanks where I get fair market movement that helps me to make good analysis only based on market movement.

  3. #3
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    Hi everyone!
    I think traders should have yourself a friend who can share with you any issues related
    to trade the latest resources useful for educational issues on your forex market and ready listen to the requests that you make.

    I believe it really is great for traders in this field.

    Ive an address where any trader can be exchanged with any issues related to the trade where you can get full information about forex education fullest way.

    Why dont we build a community of traders that?

    These are issues that I'm talking about:
    [code] facebook.com/BESTFOREXSTORE.COM1Community/?fref=ts [/ code]

    Why, you dont participate in this wonderful thing even once?

  4. #4
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    It is really very important to work very hard in order o achieve success and in case of Forex trading there is no alternative rather than hard working. The trader who is very hard worker and knowledgeable can achieve his success easily. With Forex4you broker I am enjoying my trading business. I can really work hard by the support of this reliable broker. They give error free and fast trade execution and fluent trading environment.

  5. #5
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    in ro ham eslah kon:
    It is important to understand that the market does not care about your emotion. You may think that many people are making a great amount of money easily. However, forex trading is not as easy to earn money as imagined before.

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