The beginner’s guide to technical analysis. To analisis Forex your education on technical analysis, let’s begin with the basics: support and resistance!
Forex Support and Resistance Let’s start with the most basic concept of price action analysis and how to start plotting them. Channels Now that you understand trendlines, let’s take it a step further into channels to see opportunities in trends. How to Trade Support and Resistance Time to learn how to trade the lines using two simple ideas: the Bounce and the Break! Summary: Trading Support and Resistance A quick recap on support and resistance zones, and how to spot potential trading opportunities with them. Steve Nison, for “discovering” the art of candlesticks!
Japanese candlesticks in forex trading are used to describe currency price action and can be used for any time frame. Japanese Candlestick Anatomy Just like humans, candlesticks have different body sizes. As forex traders, it’s important to take note of what type of body a candlestick takes! Basic Japanese Candlestick Patterns What do spinning tops, marubozus, and dojis have in common?
They’re all the basic types of candlesticks! Single Candlestick Patterns What the heck is the difference between a hammer and a hanging man? Time to start learning about your basic candlestick patterns! Dual Candlestick Patterns They say that trouble comes in twos.
Read on to find out how dual candlestick patterns may not necessarily spell double trouble for your account. Triple Candlestick Patterns In the forex market, three’s not always a crowd. Not when you’re talking about morning stars, black crows, and three inside up patterns, that is. Japanese Candlestick Cheat Sheet Think you’re ready to spot basic candlestick patterns with blindfolds on? Here’s a candlestick pattern cheat sheet just for you. Candlesticks with Support and Resistance Learn how to trade candlesticks with support and resistance levels. Summary: Japanese Candlesticks Here’s a rundown of what you need to remember about Japanese candlestick patterns.
Now that you know about the basic Japanese candlestick patterns, why not take it to the next level and learn about the Fibonacci retracement tool? Fibonacci Trading No, Fibonacci is not some type of pasta. Learn all about the man behind the concept and what it actually means. How to Use Fibonacci Retracement to Enter a Trade The first thing you should know about the Fibonacci retracement tool is that it works best when the market is trending. Fibonacci Retracements are NOT Foolproof What happens when Fibonacci fails? Could it be because of your swing highs and lows, or are markets just not responding to it?
How to Use Fibonacci Retracement with Support and Resistance In this lesson, we’ll show you how to combine the Fibonacci tool with support and resistance levels. How to Use Fibonacci Retracement with Trend Lines What’s another way to tilt Fibonacci levels in your favor? Combining it with trend lines, of course! How to Use Fibonacci Retracement with Japanese Candlesticks Check out how combining candlestick patterns with Fibonacci levels can improve your trading odds. How to Use Fibonacci to Place Your Stop so You Lose Less Money If you can take profit at Fib levels, then you can definitely place stop losses there too! Summary: Fibonacci Trading Here’s a review of what exactly the Fib levels are, as well as their use in trading. Thinking of trading in a trending environment?