Tue, Jan 26, 2021 @ 08:17 GMT
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Beginner's Guide to TA

10 – Tips on Using Indicators

It's time to get serious! From here on out we're going to be concocting consistent trades, using the instruments seen in the past lessons. Before we start our adventure, however, allow me to share some suggestions and ideas that have matured through years of experience. The 80-20 rule applies more...

09 – Combining Fundamental and Technical Analysis

Technical Analysis definitely has a magnetic pull. It's difficult to resist the temptation to use the wide array of technical indicators available, creating masterpieces of modern art. On the left: 4H chart of EUR/USD with various technical methods applied (source: Twitter) On the right: Kandinsky horizontale (Source: Google Images) Up to this...

08 – Momentum Indicators

If one thing is certain about Forex, it is that it trends. Not always and never forever, but market trends do definitely emerge, and do definitely continue - sometimes for months or years. One currency will trend against another, as long as there are enough buyers (for an uptrend) or...

07 – Bands and Envelopes

Technical Analysis is a curious pursuit. Charts attract all walks of life; not just those mathematically inclined. Maybe the rhythmic patterns appeal to us on a deep level. The harmony of the price movements touches something primordial in us… Perhaps we enjoy the puzzle. The interplay of indicators challenges us to master...

06 – Oscillators

The markets are said to trade within a range 70-80% of the time. Trends are the exception, and not the rule. So what to do when the markets are flat? The smart trader dons their range trading hat. As a range trader, you are looking to enter near the top or bottom...

05 – Chart Patterns

To the uninitiated, a chart is just random noise. To a trader, it's a precise portrait of the past. By isolating and analysing chart patterns, we can use this "noise" to plan high probability trades. No matter what currency pair you're observing, every pattern says something profound about the mood...

04 – Fibonacci Levels

You would not think that one of the most popular modern technical analysis tools would be named after a 13th century monk, but then stranger things have happened. Fibonacci was an Italian mathematician born circa 1170, who introduced the golden ratio to European mathematics. He also came up with a sequence...

03 – Moving Averages

Moving averages are a staple in the Forex trader's arsenal. They help the discerning trader identify, and trade in alignment with, the trend. Both critical components of a winning trading plan. There are a variety of ways to use moving averages, the most important of which we will cover today. What is...

02 – Candlesticks

The development of the school of charting called Candlestick analysis is initially credited to a 17th century Japanese rice trader named Homma form the town of Sakata. Over time, Candlesticks have evolved to become one of the predominant methods of technical analysis used universally across markets and cultures. Candlesticks can be...

01 – Support and Resistance

For the bushy-tailed and bright-eyed newcomer, technical analysis of the Forex market often becomes an obsession. I know for me it was. Although you will learn there is much more to successful trading (such as trade management, position sizing and phycology) technical analysis is still the cornerstone of a solid trading...