News XM Group

Seminar on Technical Analysis Completed in Thailand

Shortly after having held two forex trading seminars in July, XM continued its seminar series in Thailand by visiting the cities of Chonburi on 5th August and Ubon Ratchathani on 19th August. Thai forex instructor Sompop Jittrakul presented the seminar topic entitled Trading with the Ichimoku Kinko Hyo and the Avramis River in each city, which was welcomed by local traders who took part in each event thanks to his clear explanations about how technical analysis is used in forex trading. During the morning session of the seminar, Sompop Jittrakul outlined the main aspects of the forex market and the factors that need to be taken into consideration before setting up trading goals, with special respect to how the use of indicators helps traders identify strong vs weak market trends. Participants were then introduced to the concrete use of techniques to analyse the forex markets, interpret trading signals in multiple time frames, as well as define support and resistance levels to follow up with price movements. The afternoon session was dedicated to the use of a specific automated tool developed by Tradepedia, namely the Avramis River Indicator, which helps online investors measure market movements and trend strength. In each of the two cities, our guests also had the opportunity to meet with the XM company representatives and discuss their investment needs with them in person. We were more than glad to be able to reconnect again with many of our existing clients and welcome new clients who joined our seminar for the first time. All those who may have missed the seminar in Chonburi and Ubon Ratchathani still have the opportunity to meet us in just a few weeks, when the XM seminar series reaches its last two destinations in September in the cities of Hat Yai and Korat.