Before engaging into the Forex trading, you should first know what exactly Forex market is. Forex or foreign exchange market is where you can buy or sell currencies. It is similar to stock trading but the only difference is the product of transactions. You can trade many different currencies from all over the world on [...]

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A repeat of the philosophical assumptions on which technical analysis is based is appropriate here before we begin the study of analyzing market patterns. 1. All available information and its impact on traders and the market are already reflected in a currency’s price.2. Prices move in trends or patterns.3. History repeats itself. TECHNICAL ANALYSIS ALLOWS [...]

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