Confluence trading strategies in Forex Market

In trading theory, confluence is the use of two or more different instruments that filter and confirm each other's signals. The most common combination is technical analysis indicators with trend lines, key levels, Fibonacci levels, and Price Action patterns.

A trading system in which the instruments complement each other provides fewer false signals, helps reduce risks, and manages trades more efficiently. But when the tools are out of sync, chaos ensues in the trading system. In this article, you will learn how confluence trading works, what combinations of tools exist, and how to apply them in practice.

What is confluence?… Read full author’s opinion and review in blog of #LiteFinance