Forex Technical Analysis – How to Make a Killing by Using Forex Charts

If you want to make money at Forex trading the most time efficient way to do it it is to learn repetitive chart patterns and trade them for profit and here we will show you why charting is so effective and some tips to get in on the really big trends and profits.

Charts reflect all known news in the price ,as well as people’s opinions of it and you are seeing the reality of price as it is; all you need to do to make money is trade high odds chart formations but don’t make the key error most traders do with Forex charts and that’s trying to predict price turns in advance, this is just hoping or guessing and doomed to failure.

If you think a level of support or resistance is going to hold, wait for confirmation that it has before trading the move. You don’t need to be in right at the turn to make money because if you look at Forex charts, you will notice the big trends last for weeks, months or even years and if you were just get 50% of every major trend, you would make a lot of money.

If you are using Forex charts, keep your system simple and robust, make it to complicated and it will simply have to many elements to break. All you need to use are simple bar charts look at support and resistance and use just a few indicators to confirm your moves.

Forex charting will work, as long as markets trend and that will never change and furthermore, by trading price action you are seeing the reality of price as it is without imposing your opinion on the market.

Forex technical analysis can be learned in just a few weeks and if you focus on the long term trends, you can make a great second income in around 30 minutes a day.


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