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Forex technical analysis

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There are two main strategies in Forex trading. These are fundamental analysis and technical analysis. You need these two strategies in order to successfully trade foreign currencies and make a profit out of your trading practices.

Published in: Economy & Finance, Business
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Forex technical analysis

  1. 1. Forex Technical Analysis Strategies That You Should Know By James Taylor http://www.FishingForexPips.comCopyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  2. 2. There are two main strategies in Forex trading.These are fundamental analysis and technicalanalysis. You need these two strategies in orderto successfully trade foreign currencies andmake a profit out of your trading practices. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  3. 3. If you want to earn an extra or full-timeincome out of the money market, you shoulddefinitely learn these strategies and use themwhen trading. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  4. 4. Fundamental analysis strategies rely mostly onthe economic factors like strength of theeconomy, current rates of interest as well asgross domestic product. On the other hand, ifyou would look more closely on forextechnical analysis strategies, you will see thatthere is a slight difference. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  5. 5. With technical analysis, you will base yourtrading decisions on the history of theparticular foreign currency you are trading.You can sell or buy currencies based onhistorical evidence. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  6. 6. Using forex technical analysis strategies willfollow these assumptions: -Factors affecting the market include politicalevents, periodic fluctuations, economicconditions and the law of supply and demand.These can cause the currency price to drop orgo up. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  7. 7. - You need to watch out for market patternsbecause this will lead to predictableconsequences. The prices of currency basicallyfollow such market trends. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  8. 8. -If you want to be able to predict the price movements at the moment, use historical trends that will help you make a decision whether to buy or sell that foreign currency. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  9. 9. -There are 100-years worth of market datathat have been collected so that forex traderscan use this when trading currencies. Thepatterns and trends you will see are directlycorrelated to human psychology and how theyreact as circumstances around them change. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  10. 10. A lot of forex traders give a high regard forthese technical analysis strategies. Some mayalso make use of fundamental analysisstrategies in order to support and get aconfirmation before making a buying or sellingdecision. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  11. 11. The good thing about forex technical analysisstrategies is that it is so versatile that it can beused in a lot of foreign currencies. They arealso applicable in all types of market. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  12. 12. It come as no surprise that a lot of beginnersin the forex trading industry become quiteoverwhelmed with the complexities oftechnical analysis strategies. That is whyresearch and continued studies will help youmaster the art of forex trading using technicalanalysis. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  13. 13. It is important that you learn about the charts,indicators and tools that the technical analysisuse in order for you to get a betterunderstanding of the market and make theright forex trading decisions. Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.
  14. 14. FREE Forex Strategy To Make Hundreds Of Pips! Free Gift: Fishing Forex Pipss Indicator System [ Worth $197 ]http://www.FishingForexPips.com/Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.

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