Lesson 2 – Technical Analysis

Inviato il 9 November 2008 da Forex Staff

What is Technical Analysis? Technical analysis involves the forecasting of exchange rate movement based solely upon statistics and price patterns. (In contrast with Fundamental Analysis which looks at economical factors and a country's political conditions) Here is one of the most important things you will ever learn, and I had to learn it the hard way: ONE OF THE MOST IMPORTANT PARTS OF TECHNICAL ANALYSIS IS PRICE ACTION! And since Technical Analysis is basically the analysis of the Forex Market based on Price Action, you need to Learn Price Action (But that's a lesson for another day...) The important thing here is that you ...