Technical Analysis

Technical analysis is an effective tool used to predict the future price of an asset- a stock or a currency pair- based on historical data of them.
The theory behind this analysis is the fact that you can understand what might happen to the prices of an asset, if you study the movements and patterns among the past data. Technical analysis finds a fair value of the asset.

Past Price as an Indicator of Future Performance

Traders who base their action mostly in technical analysis believe that recent or past prices of the instrument are amazing future price indicators.

Technical analysis is not only preferred by technical traders. It is chosen by fundamental traders also, because a good trading decision could be made only if both analyses are taken in consideration. If they decide to enter a market using fundamental analysis, they need to make a technical analysis when it comes to decide either to buy or sell the asset.

Charting on Different Time Frames

Technical traders are focused on price charts to try to predict future price direction. The two very first variables which are considered are the time frames and the technical indicators that the investor wants to use.

In any chart you might have seen, you can notice the ranges available to show information. Popular time frames which are frequently available are:

✓ 5-minute chart
✓ 15-minute chart
✓ Hourly chart
✓ 4-hour chart
✓ Daily chart

The time frame a trader chose to study a certain time frame based on the trading strategy he is trading with, for example intra-day traders, who keep they positions opened just for one day, would choose to analyze price movements in short period of times, such as the 5-minute or 15-minute charts. Long- term traders who keep their positions opened during several days, they would choose the time frames of 4-hour, daily or even weekly charts.

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Other technical analysis indicators:

✓ Candlesticks
✓ Candlestick Patterns – Dojis
✓ Technical Indicators – Moving Averages
✓ Pivots and Fibonacci Numbers
✓ Fibonacci Retracements
✓ Fibonacci Extensions
✓ Momentum Indicators

Payment Methods

You can fund your account with Dakken Group with whatever Visa Card you own. We accept Visa Debit, Visa Credit, business cards, except of prepaid ones.

Mastercard is also one of our best collaborators. You can open your account with Master Debit and Credit. There are no additional charges for deposits or withdrawal with Master cards, even though during other payments you are charged for the service.

Maestro is a quick and easy way to get your account ready to trade. It is a fast funding method. Maestro Debit cards are accepted, excluding prepaid ones.

Skrill is an effective way to transfer money or pay different purchases. So, it is a good way to fund your trading account with Dakken Group from anywhere with just email address and password. Deposits via Skrill will be returned to the originating bank account that funded the Skrill account. Supporting documentation will be required in this instance. Skrill also does not support funding through prepaid cards.

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Cryptocurrency Payment Methods

When depositing funds, Dakken Group do not apply any charges but your own bank or card provider may apply their own charges.

*Card Payments can be deposited at anytime but in certain circumstances beyond Dakken Group control some payments may only be applied between the deposit processing times that apply to Bank transfer deposits. Minimum deposit and withdrawal amounts of £65/€90/$100 apply unless the trading account is being closed. Please note that in certain circumstances Dakken Group may require additional supporting documentation before funds can be applied or withdrawn from your trading account.

**Minimum withdrawal amount of £65/€90/$100 apply unless the trading account is being closed.

Please allow 3-5 working days for all withdrawals (including international transfers and card refunds). For more information please contact our Client Management Support.

Please note that in accordance with UK Money Laundering Regulations Dakken Group is unable to accept third party or prepaid card payments and the name of the deposit or via the above methods must be consistent with the ADSS account name.

Dakken Group will not accept any remittance which is considered to be a third party or pre-paid card payment. In addition, please note that Dakken Group applies a return to source withdrawal policy.

Trading foreign exchange, foreign exchange options, foreign exchange forwards, contracts for difference, bullion and other over-the-counter products carries a high level of risk and may not be suitable for all investors. Past performance of an investment is no guide to its performance in the future. Investments, or income from them, can go down as well as up. You may not necessarily get back the amount you invested.

All opinions, news, analysis, prices or other information contained on this website are provided as general market commentary and does not constitute investment advice, nor a solicitation or recommendation for you to buy or sell any over-the-counter product or other financial instrument. Please, ensure you understand all risks and seeking dependent advice if necessary.

This website is owned and operated by Clandestiny Group LLC, Company registration number: 1342 LLC 2021 and registered address First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St Vincent and the Grenadines.