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1. ELEMENTARY FOREX ANALYSIS STARTS WITH CHARTING
Good Results from the markets
relies on good forex trading
analysis. It could be tempting to
merely glance at the markets
daily moves and attempt to
profit from them. An investor
may get lucky every once in a
while but that is no way for
making continuous profits. A
long term, systematic process
will ultimately produce far more
profitable trades. This broader
perspective in addition to
discipline is key to long term
Forex trading.
A winning Forex trading method should be grounded on sound Forex trading basics. Having a methodical
technique in your own Forex analysis gives you constant info that you can look at a glance. This sort of
method instills confidence in the individual and his or her trades as it removes the emotional aspect
involved in investing and money in general..
Elementary Forex Analysis Starts With Charting ( Courtesy of HenryLiuForex.com )

2. Basic foreign exchange
analysis begins with charting
moves on a graph and
connecting specific points to
build trend lines. These lines
can display up trends or
downtrends in any given
market. These graphic signals
are helpful in giving the
investor insight. They can
also function as a 'second
opinion' or affirmation of
results from more technical
analysis.
The Three trend line system connects points of extreme highs or lows to make the trend lines. Every
trend line presents movement in distinct time intervals as follows:
Short-term trend lines are going to be created in only 15 to 30 minute time frames. It connects the
most up-to-date highs and lows of the market. This chart shouldn't be utilized to base investing
choices on but it does provide you with snapshot of the market.
Elementary Forex Analysis Starts With Charting ( Courtesy of HenryLiuForex.com )

3. Medium term trend line is
created at 60 minute cycles
again displaying recent high or
low moves. Again, basing
trading moves on this short term
information is not encouraged.
Long term trend lines take a
larger look at market trends.
Showing price movements in 4
hour intervals this trends chart is
a bit well-performing tool for
forex trading analysis and it is a
generally approved in the
trading community as solid
information.
These charts form what is known as a daily charts and can be used together to determine longer term
market moves. Along with displaying trend lines these charts can also be used to draw Fibonacci
retracement, daily pivot points and support and resistance points.
Elementary Forex Analysis Starts With Charting ( Courtesy of HenryLiuForex.com )

4. When starting in currency trading research
producing such graphs by hand can
strengthen your technical trading
competencies. Utilizing real time graphs
available on the internet allows you to
spend more time analyzing and less time
charting. These online charts might also
include other valuable information such as
a particular market’s strength and its
volatility.
Forex trading software may take your forex
trading study to the next level. These types
of application can automatically include
information for other trading systems.
Some trading software will go as far as to
inform you exactly when to initiate a trade
or exit a position. This can reduce the
stress when investing by eliminating the
decision making of when you should trade.
Elementary Forex Analysis Starts With Charting ( Courtesy of HenryLiuForex.com )

5. ELEMENTARY FOREX ANALYSIS STARTS WITH CHARTING
These step-by-step methods to Forex analysis improve your probabilities for more successful
trades. While losses are just a part of trading and are also the expense of doing
business, these losses can affect your mindset making losing trades more probable. Getting
emotional in investing can cost you money.
Elementary Forex Analysis Starts With Charting ( Courtesy of HenryLiuForex.com )