Technical Analysis - Trading Based on Charts and Indicators

Introduction to Technical Analysis

Technical analysis has long been used in traditional markets like the stock market. Technical analysis methods rely on price history in order to predict the future. There are numerous methods used in the predicting, but the bottom line is that they always rely on price movements of the past. Technical analysis takes a few different forms and many methods of use.

Support and Resistance

The concept of support and resistance is simple. Support can be thought of as a floor for the price while resistance can be thought of as the ceiling for the price. When the price breaks through a resistance, that level becomes the new support level. The reverse is true when the price breaks through a support level.

Technical Analysis - Indicators

A list of common indicators used in technical analysis.

Using Trend Lines

How to use trend lines to trade the forex market

Fibonacci Trading

Understanding and using the fibonacci theory to trade forex.

Support and Resistance

The basics of using support and resistance.