🔃 Trading might be overwhelming especially for novice traders. So if you just start your journey, here are the most 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝘁𝗲𝗿𝗺𝘀 for you.
🔃 𝗕𝗶𝗱 𝗮𝗻𝗱 𝗔𝘀𝗸
Ask represents the lowest price a seller is willing to sell for, while the bid is the minimum price a buyer is willing to buy for.
📈 The 𝘁𝗿𝗲𝗻𝗱 is a direction of the asset price movement and the trend can be positive/bullish or negative/bearish.
📍 𝗦𝘂𝗽𝗽𝗼𝗿𝘁 𝗮𝗻𝗱 𝗿𝗲𝘀𝗶𝘀𝘁𝗮𝗻𝗰𝗲 𝗹𝗶𝗻𝗲𝘀
For almost any asset there exist particular psychological price levels where the price is most likely to reverse. For positive trends, suchlike levels are called resistance. For negative trends — the support.
📊 𝗩𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆 is a measure of how much and how often the price changes.
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