Learn Forex Training

 

Forex Platform Chart analysis and trend line analysis Forex Trading References

Home

Intro to Forex Trading

Forex Reading

Forex Courses

Forex Articles

Live Trading Account

Free Fx Account

Forex Trading Skills

Economy Fundamental

Advertise Here:

Please send your request to Webmaster[at] learnforextraining.com

Do you think is there any difference between chart analysis and trend line analysis? From my point of view, there is. I am feeling curious that lot of traders mix up trend lines together with charting and people call it Technical Analysis. I am trading as a technical analyst, as I do not like fundamental analysis. Last time, I still remember the pain that I never absorb things into brain. Meantime, I only took general view as my normal practise and eventually I knocked myself on the wall with a few bad experiences. If you think you are a fundamentals trader, you must learn to be a technical trader.

I like to use chart very often. The main objective of using chart is to check the history of currency pairs. From the chart studies, I can make very good analysis and after that I might be calling up my broker-John. If I am using fundamental analysis, I might be thinking front to back with delaying hours. Based on my latest imrpovement, I use technical indicators parallel with fundamental information to execute my trading investment and I gain 35% more profit by comparing previous year. Its not easy. I learn days and nights, spending lots of money on almost all ebooks on the web, consult my best friend who is a banker. Initially I asked some stupid question such as, "where do I find the currency charts?'

I also include trend line analysis when I am doing my homework. By getting more info from the chart, trend lines really help to indicate the on going trend. Trend in the sense is very important for me because most of my profit is because I trust my trend line analysis. Why am I talking so much on chart and trend line? Because it is the best advice for you to emphasize your trade learning when you are discovering what you should learn.

I am not going to demotivate the fundamental analyst when such information can provide a better forecast for my trading. Meanwhile, I am not saying that a technical indicator will 100% give you profit, whereas such an indicator can benefit your trading. Everything depends on experience and my effort, I was doing positve investment by merely leveraging from some forex master on bar chart and trend line algorithm and expert on open, high, low, and close signal.

Once again, Trading is not easy but you need a lot of studies in order to prevent the avoidable mistake. It had gotten me in deep shit. But now I trade smart because I studied hard.

 

All Right Reserved ©2006 LearnForexTraining.com | Site Map | Private Policy | Feedback | Contact us