"It’s all Just a Bit of History Repeating"
The basic premise of technical analysis is that history keeps
on repeating itself. Past snapshots into market patterns that
start to become identifiable give clues to the way the markets may
react in the future. Some chart patterns are more reliable than
others in price forecasting, as they can be repetitive. That’s
great, because it takes away some of the seeming randomness of the
markets. If markets were truly random, than why do the chart
patterns so often seem to rest at the same points?
This lesson will teach you how to read the market in the most primary way, via the chart. You will learn about the concepts of supply and demand, support and resistance, candlesticks and trend channels to aid your ability to understand the moves that are happening in Forex; along with order entry types to get you started placing trades.