06/01/2019 11:00

Release： 06/01/2019 11:00

Update： 04/08/2021 02:35

Series

We will explain the Dow Theory in a way that anyone can understand, so that you absolutely won’t win if you don’t know it.

People who have trouble winning in FX. Aren't you trying various indicators? Aren't you doing a holy grail search? Indicators tell you the direction of buying and selling, but they are only tools to be used as a supplementary aid. The most important thing is to steadily monitor the price movements of candlesticks. For that reason, Dow theory is a technique that must be learned. We will serialize the 4-part series on Dow theory concepts and how to use them in practice.

[Dow Theory ①] Determine the range from the high and low, and chase the trend.

From now on, I will summarize the Dow Theory, which I consider to be the most important factor when trading.

Dow Theory is a concept devised over 100 years ago, but it is still a theory that many successful traders keep in mind today.

For FX beginners, I think you should study Dow Theory first before looking into various indicators.

I plan to divide Dow Theory into two parts, but I will not summarize it like a textbook; I will write only the parts that are useful for trading.

If you want to study more, please search the Internet or books.

Can you set high and low points?

In Dow Theory, we think about ranges based on the highs and lows of candlesticks.

Therefore, it is necessary to read candlesticks correctly, so if you are unsure about how to read candlesticks, please read the first and second articles before proceeding.

Popular articles in the series

[Dow Theory ①] Determine the range from the high and low, and chase the trend.

From now on, I will summarize the Dow Theory, which I consider to be the most important factor when

[Dow Theory II] Entry and Exit Concepts

This is the second part of Dow Theory.Last time, I wrote about the basic principles of Dow Theory an

How to read candlestick charts ①

Today we’ll cover the basics, namely how to read candlesticks.“I know at least that much!”You might

How to Read Candlestick Chart ②

Previously, I wrote about how to read a single candlestick.Today, I will summarize how to read two o

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