Forex Technical Analysis - Basics You Need to Know.

[Narr]

The basis of any good forex trading system technology is built on the following

1. Using support and resistance

These lines of areas that are important in terms of market and you can pick them up or hold or pause.

2. confirmation

You can not predict whether levels stands out so do not try.

You must have confirmation that they do by a clear break or an indication of a change of direction away from the price level in the opposite direction to demonstrate that they hold.

For this you must learn to use confirming leading indicators - we did not have time to review them here, just look at momentum oscillators in our other articles.

3. Money Management

All management systems robust and the money is not simply putting a stop - it also involves knowing the time of his career, locking in profits, and also take into account equity and comprehensive account protection.