The document discusses technical analysis strategies for forex trading. It states that there are two main strategies: fundamental analysis and technical analysis. Technical analysis bases trading decisions on historical currency data and market trends and patterns. It involves analyzing charts, indicators and tools to understand market movements and make informed buying or selling decisions. The document emphasizes that technical analysis strategies are versatile and research is important for mastering their use in forex trading.

1. Forex Technical Analysis
Strategies That You Should
Know
By James Taylor
http://www.FishingForexPips.com
Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.

2. 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.
Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.

3. If you want to earn an extra or full-time
income out of the money market, you should
definitely learn these strategies and use them
when trading.
Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.

4. Fundamental analysis strategies rely mostly on
the economic factors like strength of the
economy, current rates of interest as well as
gross domestic product. On the other hand, if
you would look more closely on forex
technical analysis strategies, you will see that
there is a slight difference.
Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.

5. With technical analysis, you will base your
trading decisions on the history of the
particular foreign currency you are trading.
You can sell or buy currencies based on
historical evidence.
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6. Using forex technical analysis strategies will
follow these assumptions:
-Factors affecting the market include political
events, periodic fluctuations, economic
conditions and the law of supply and demand.
These can cause the currency price to drop or
go up.
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7. - You need to watch out for market patterns
because this will lead to predictable
consequences. The prices of currency basically
follow such market trends.
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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.
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9. -There are 100-years worth of market data
that have been collected so that forex traders
can use this when trading currencies. The
patterns and trends you will see are directly
correlated to human psychology and how they
react as circumstances around them change.
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10. A lot of forex traders give a high regard for
these technical analysis strategies. Some may
also make use of fundamental analysis
strategies in order to support and get a
confirmation before making a buying or selling
decision.
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11. The good thing about forex technical analysis
strategies is that it is so versatile that it can be
used in a lot of foreign currencies. They are
also applicable in all types of market.
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12. It come as no surprise that a lot of beginners
in the forex trading industry become quite
overwhelmed with the complexities of
technical analysis strategies. That is why
research and continued studies will help you
master the art of forex trading using technical
analysis.
Copyright by James Taylor - http://www.fishingforexpips.com/ All rights reserved.

13. It is important that you learn about the charts,
indicators and tools that the technical analysis
use in order for you to get a better
understanding of the market and make the
right forex trading decisions.
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