Technical Analysis
Technical analysis is a strategy used by Forex Traders to speculate about future currency price movements.
Unlike fundamental analysis, which goes into qualitative evidence such as news about a currency or commentator opinion, technical Forex analysis believes that this information will be reflected in the currency’s price and movements.This type of analysis basically examines past price movements to forecast future price movements. The premise of this school of thought is that “history repeats itself”. In my own trading, I use
candlestick charts
which show me
candlestick patterns
in accordance with a currency’s trend to tell me whether a trade will be worth entering or not. As with all trading tools, this type of analysis should not be used on its own. Always keep an eye on
major market announcements
as this is a signal of unpredictability in the market where the ebb and flow of the market might be briefly interrupted.
Technical Forex analysis fundamentals
are easy to learn, but it takes mental strength and discipline to apply this trading strategy.
Free software
is available for people who wish to dabble with technical Forex analysis tools.

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