Trading and Investing in the Forex Markets Using Chart Techniques has been developed to demonstrate how a few relatively straight forward techniques can create a plan that does not rely on outside investment recommendations and therefore takes the emotions out of trading.
The purpose of this book is to demonstrate how to find opportunities that present themselves as trade and investment opportunities. The signals, the warnings about market sentiment, and the context and confirmation of signals that are necessary will become apparent, and you will be introduced to some of the familiar chart techniques that have stood the test of time, examples made available in such a way that it will not take long to understand how to apply these techniques to your own charts and study them for market opportunities.
The financial markets do not care who you are or what you do but you care about the markets because you don’t want to be treated badly by them for not having done your chart analysis properly. Remember, opportunities don’t look you in the face every day, but when they do you should exploit them to the full.
Chart technical analysis will help you do this, set strategically into the financial playing field where luck is not a fact! Finally, if you have experienced bad investments and wrong trade decisions you need to identify those factors that have undermined the investment and neutralise them. You will have to take steps to strengthen your decision process and become capable of resisting other challenges that might give rise to faulty decision making.
Trading and Investing in the Forex Markets Using Chart Techniques will help you to at least see signals that are presenting a market that has an investment opportunity. They are clear and concise and therefore should help your decision-making process. If you feel, however, the need to look for advice by listening to other people, or other recommendations, then at least try to listen only to those people who have real trading experience!
- Candlesticks = Signals
- Chart Patterns = Opportunity
- Buying and Selling = Support and Resistance Levels
- Applying Confirmation = Confidence Building
- Entry and Exit = Right or Wrong?
- Putting it all together = Practice and Patience