XM™｜How to open the FX account.
2018.04.25
2022.07.21
Started in March this year in Thailand, the spring seminar road trip of XM on CFD trading continued its way, reaching two further cities: Chonburi on 7th April and Korat on 21st April.
The topic title The Moving Average Ribbon Technique was presented by acknowledged trading instructor Sompop Jittrakul in both Thai cities, where we welcomed a large number of online investors eager to learn about new techniques that can be efficiently applied in trading multiple instruments in the form of CFDs.
We were delighted to welcome traders in each seminar location and provide them with practical knowledge that can contribute to their online investing practices when it comes to trading CFDs on the MT5 platform.
As for most of those who are less experienced in online trading the incorrect use of technical analysis techniques presents a real hurdle, Sompop Jittrakul explained the importance of following a well-structured trading plan based on individual investment goals, learning to use the most efficient trading tools and combining them into one effective trading strategy.
To demonstrate the use of one of the most efficient technical analysis techniques, Sompop Jittrakul explained the Moving Average Ribbon technique to event participants, which comes in handy when identifying short-, intermediate-, or long-term trends. For traders it is decisive to spot out the right time to enter or exit the market, and moving average ribbons serve this very purpose as the generate buy and sell signals.
During his presentation, Sompop Jittrakul used a number of real-life examples to demonstrate how the Moving Average Ribbon technique can be successfully applied when trading CFDs on the MT5 platform, as well as how to combine its use with price action.
For all those interested in learning about this useful CFD trading technique, in the months to follow our seminar road trip continues in Thailand in many more locations.
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