The only way to make consistent profits is to keep your mistakes to a minimum. Keeping the following points in mind will help to help you make steady profits over time and reduce the risks involved in forex.
Richard Schabaker (1902-1938) -- the father of capital market technical analysis!
He was the first to classify the forms of general charts, research and create the famous "reversion and persistence" theory, "split" theory and "support and resistance" theory, and stereotype the use of trend lines and fully emphasize the importance of support and resistance levels. (The predecessor of the "box" theory)
Like any other commodity, in essence, the trend of international gold price is mainly affected by the relationship between supply and demand. When the supply of gold exceeds the demand, the price of gold will decline; When the demand for gold is greater than the supply, the price of gold will rise. Here are the demand factors of gold.
