Chart Patterns II: Rules for identifying Reversal Patterns

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The following are the three basic tenets about identifying reversal patterns. While they may seem obvious and even simplistic, they are important for successfully using these patterns. A Trend Must Exist – A trend must exist before a reversal of … Continued

Chart Patterns I: Introduction to Reversal Patterns and Continuation Patterns

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There are two major ways to trade the financial markets: swing trading and trend following. Swing traders use technical analysis to look for short-term price movement and capture gains in a relative short-term period. They look for the price patterns … Continued

Candlestick VI: Using Candlestick Patterns in Trending Markets

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Using candlestick patterns to trade trending markets can be an extremely useful tool to profit from exchange rate movement. The process is simple: Identify the overall trend Look for a retracement Look for a candlestick pattern to confirm a reversal … Continued

Technical Analysis IV: Identify the Market Trend

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Three Phases of Major Trends A trend represents a general direction of the market. Dow Theory asserts that major trends have three distinct phases: accumulation, public participation and distribution. The accumulation phase represents the first part of the trend in … Continued

Technical Analysis II: What are Charts?

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A chart is the most important tool for understanding the total sum of what is going on in the market. Almost all traders today, particularly those who trade actively, use their favourite types of charts to analyse the market. In … Continued

Technical Analysis I: Introduction

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There are two major approaches to analyzing the currency market, fundamental analysis and technical analysis. The fundamental analysis focuses on the underlying causes of price movements, such as the economic, social, and political forces that drive supply and demand. The … Continued

Basic Concepts III: History and Recent Trend of Online FX Market

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The recently technology advancement has broken down the barriers that used to stand between retail clients of FX market and the inter-bank market. The online forex trading revolution was originated in the late 90’s, which opened its doors to retail … Continued

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