Saturday, May 20, 2006
Learn forex trading - Technical Analysis - What is it?
Learn Online Forex Trading - This edition presents details about technical indicators.
Please remember that these concepts about technical indicators is very important and you better learn technical analysis concepts very carefully. So here we go -
The technical analysis is about reading the charts that demonstrate how the market has behaved in the past. What was the price fluctuation in a particular time span. Remember "fluctuation in a time span". This is one of the important concepts to learn in online forex trading. The time span can be 5 min., 1 hr, 1 day, 1 month or 1 year etc.
Below mentioned are few base points about the charts -
1. The current price of the forex pair is what it should be. Its not overpriced and its not underpriced.
2. The price movement in the past forms the basis of future movement.
3. The trend is always your friend. You will hear this again and again.
So always remember this when you are analysing charts to in online forex trading.
Now, the next question is how do you analyse it?
Remember the indicators we discussed for a minute yesterday? These indicators are classified in 2 groups -
1. Lagging Indicators - These indicators tell you about the past movements of the currency pair whether its undersold or whether its oversold. Example - MACD, RSI, Stochastic etc.
2. Leading Indicator - These are the indicators which tells you how the market is going to be in the future. Example - Fibonacci levels, which are one of the most powerful ones. Also, candlesticks, support and resistance lines are importment.
The ideal online forex trading strategy is to combine leading and lagging indicators which means to see how the price has behaved in the past and then see how will it behave in the future. If you would like to see any charts, please look at the below mentioned link -
Click here to see a live chart to learn online forex trading
Tomorrow, we shall look at the indicators in more detail.
So keep checking this blog to learn online forex trading for free..:-)
Please remember that these concepts about technical indicators is very important and you better learn technical analysis concepts very carefully. So here we go -
The technical analysis is about reading the charts that demonstrate how the market has behaved in the past. What was the price fluctuation in a particular time span. Remember "fluctuation in a time span". This is one of the important concepts to learn in online forex trading. The time span can be 5 min., 1 hr, 1 day, 1 month or 1 year etc.
Below mentioned are few base points about the charts -
1. The current price of the forex pair is what it should be. Its not overpriced and its not underpriced.
2. The price movement in the past forms the basis of future movement.
3. The trend is always your friend. You will hear this again and again.
So always remember this when you are analysing charts to in online forex trading.
Now, the next question is how do you analyse it?
Remember the indicators we discussed for a minute yesterday? These indicators are classified in 2 groups -
1. Lagging Indicators - These indicators tell you about the past movements of the currency pair whether its undersold or whether its oversold. Example - MACD, RSI, Stochastic etc.
2. Leading Indicator - These are the indicators which tells you how the market is going to be in the future. Example - Fibonacci levels, which are one of the most powerful ones. Also, candlesticks, support and resistance lines are importment.
The ideal online forex trading strategy is to combine leading and lagging indicators which means to see how the price has behaved in the past and then see how will it behave in the future. If you would like to see any charts, please look at the below mentioned link -
Click here to see a live chart to learn online forex trading
Tomorrow, we shall look at the indicators in more detail.
So keep checking this blog to learn online forex trading for free..:-)
