www.theforexnittygritty.com
Technical forex-trading
World and national events drive currency prices up and down. Using fundamental analysis of Forex pairs, traders seek to hedge currency risk and gain profits. However, monetary policy, balance of trade, and employment numbers can be all over the board. How can a currency trader make any money without a crystal ball? Technical Forex trading is the answer for many currency traders. Using technical tools as old and new as Japanese candlesticks, traders read market sentiment. The mantra of technical Forex trading is that the market quickly assimilates changes in fundamentals and speculates on what will come next. By tapping into market sentiment traders can profit when a situation is unclear.
Technical Forex Trading of Major Currencies
Technical analysis of major Forex currencies can lead to consistent profits. Although major currencies are typically not as volatile as minor currencies, they trade in high volume and high liquidity. These attributes are positives for technical Forex trading. A trader can spot market turnarounds when the overall market seems confused. Using basic technical analysis tools a trader of major Forex currencies can make money day in and day out by simply following the sense of the market and trading accordingly.
2.
World and national
events drive
currency prices up
and down.
http://www.theforexnittygritty.com/forex/technical-forex-trading
3.
Using fundamental
analysis of Forex
pairs, traders seek to
hedge currency risk
and gain profits.
http://www.theforexnittygritty.com/forex/technical-forex-trading
4.
However, monetary
policy, balance of
trade, and
employment numbers
can be all over the
board.
http://www.theforexnittygritty.com/forex/technical-forex-trading
5.
How can a currency
trader make any money
without a crystal ball?
Technical Forex trading
is the answer for many
currency traders.
http://www.theforexnittygritty.com/forex/technical-forex-trading
6.
Using technical tools
as old and new as
Japanese
candlesticks, traders
read market sentiment.
http://www.theforexnittygritty.com/forex/technical-forex-trading
7.
The mantra of technical
Forex trading is that the
market quickly
assimilates changes in
fundamentals and
speculates on what will
come next.
http://www.theforexnittygritty.com/forex/technical-forex-trading
8.
By tapping into market
sentiment traders can
profit when a situation
is unclear.
http://www.theforexnittygritty.com/forex/technical-forex-trading
9.
Technical Forex
Trading of Major
Currencies
http://www.theforexnittygritty.com/forex/technical-forex-trading
10.
Technical analysis of major
Forex currencies can lead
to consistent profits.
Although major currencies
are typically not as volatile
as minor currencies, they
trade in high volume and
high liquidity.
http://www.theforexnittygritty.com/forex/technical-forex-trading
11.
These attributes are
positives for technical
Forex trading. A trader
can spot market
turnarounds when the
overall market seems
confused.
http://www.theforexnittygritty.com/forex/technical-forex-trading
12.
Using basic technical
analysis tools a trader of
major Forex currencies can
make money day in and
day out by simply
following the sense of the
market and trading
accordingly.
http://www.theforexnittygritty.com/forex/technical-forex-trading
13.
Technical Forex
Trading of Minor
Currencies
http://www.theforexnittygritty.com/forex/technical-forex-trading
14.
Technical analysis of
minor Forex currencies
is often more difficult
than with the majors.
http://www.theforexnittygritty.com/forex/technical-forex-trading
15.
This is because minor
currencies often trade
in low volume and are
not especially liquid.
http://www.theforexnittygritty.com/forex/technical-forex-trading
16.
As such technical trading
tools are less accurate.
These currencies can be
attractive because they
are often more volatile
than major currencies.
http://www.theforexnittygritty.com/forex/technical-forex-trading
17.
However, even technical
traders are well advised
to take a big dose of
fundamentals along with
their daily ration of
technical info in trading
these currencies.
http://www.theforexnittygritty.com/forex/technical-forex-trading
18.
Staying Above the
Fray
http://www.theforexnittygritty.com/forex/technical-forex-trading
19.
All too many day
traders treat currency
trading like a trip to
the casino.
http://www.theforexnittygritty.com/forex/technical-forex-trading
20.
A technical Forex
trader watches market
sentiment and does
not become part of it.
http://www.theforexnittygritty.com/forex/technical-forex-trading
21.
A savvy technical Forex
trader uses the
“lemmings marching to
the sea” aspect of a crazy
market and trades
accordingly and
profitably.
http://www.theforexnittygritty.com/forex/technical-forex-trading
22.
Seeing the Future
with Technical Forex
Trading
http://www.theforexnittygritty.com/forex/technical-forex-trading
23.
Despite the apparent
chaos that envelopes
Forex markets from
time to time there is
really nothing new
under the sun.
http://www.theforexnittygritty.com/forex/technical-forex-trading
24.
The key to technical
trading or
currencies, stocks, com
modities, etc.
http://www.theforexnittygritty.com/forex/technical-forex-trading
25.
is that market price
patterns repeat themselves.
By successfully reading the
first part of the pattern a
trader can be reasonably
sure that the second part
will soon follow.
http://www.theforexnittygritty.com/forex/technical-forex-trading
26.
This fact was noted
hundreds of years ago
by rice traders in Japan
and tulip bulb traders
in Holland.
http://www.theforexnittygritty.com/forex/technical-forex-trading
27.
Thus a smart Forex
trader need only know
a dozen or so technical
trading patterns, wait
for their
appearance, and trade
accordingly.
http://www.theforexnittygritty.com/forex/technical-forex-trading
28.
These patterns are
statistically based and
statistically significant.
If the pattern is
clear, trade it.
http://www.theforexnittygritty.com/forex/technical-forex-trading
29.
If the pattern is unclear
to do not assume
anything but wait for a
clear pattern.
http://www.theforexnittygritty.com/forex/technical-forex-trading
30.
If there are
opportunities for
technical Forex trading
jump and make a
profit. If not, go home
and save your money.
http://www.theforexnittygritty.com/forex/technical-forex-trading
