Trading Forex Using Chart Patterns
Trading Forex Using Chart Patterns Learn To Trade Forex Using Chart Patterns This forex blog will outline the trading forex using chart patterns. Technical analysis and fundamental analysis used by professional forex traders to land huge profits in forex trading. This forex blog provides insight into the two major methods of analysis used to forecast the behavior of the forex market. Technical analysis and fundamental analysis differ greatly, but both can be useful forecasting tools for the forex trader. They have the same goal - to predict a price or movement. The technician studies the effects, while the fundamentalist studies the cause of the forex market movements. Successful Forex Traders combine both approaches for the best results. WHY IS VOLATILITY A TRADER'S BEST FRIEND Note: If both fundamental analysis and technical analysis point to the same direction, your chances for profitable trading are much better. So let us begin with the technical analysis: Technical and Fundame...