˜e First Step Guide to Technical Analysis

During this three-term project we investigated different aspects of forex trading, investment, money and business management During A term we focused on researching the background of forex market, forex terminologies, fundamental and technical analysis and began simulation trading in MT4

Technical Analysis – Fibonacci Levels

the start and end of a trend In addition, we have support at 102 45/40 which held the downleg 1-2 Price action is also making higher highs and higher lows So this could be interpreted as the start of trend Some traders will be entering longs as close to the short term up trend support connecting 0-2 with stops the other side of this support

Technical Analysis - Explained

Support levels are positioned for example at 11, 15, 20 5 or 22 As long as the price pushes above past peaks (resistance levels) and holds above past support levels (does not break them) the uptrend remains intact The same is true for the bear trend The downtrend remains intact as long as the price

Technical Analysis

Stock chart showing levels of support (4,5,6, 7, and 8) and resistance (1, 2, and 3); levels of resistance tend to become levels of support and vice versa Technicians say that a market's price reflects all relevant information, so their analysis looks at the history of a security's trading pattern

6SIMPLE STRATEGIES FOR TRADING FOREX

Thank you for downloading “6 Simple Strategies for Trading Forex” This book is designed for beginning, intermediate and advanced traders The presenters in this book are leading experts in trading the Forex market As a bonus, you will also be exposed to a chapter on Trading Psychology and how to trade Forex pairs on the Nadex exchange