Another article on learn forex

A Look Back At Forex Trading - 4/18/06

Cable final broke through the super resistance at 1.7600 yesterday. Even though we had a losing trade last night, I have to say I am glad to see that tight range behind us. Maybe now we will see a few prolonged and definable trends.

If this is the case it will make it much easier to make a good profitable trade. On the other hand Cable could just as easily slide right back into a consolidation sideway market. Only time will tell.

We we lick our wound from last night and bid farewell to the 1.7600 resistance level. It served us well over the past few months holding on at least a half a dozen occasions. Lets take a look at last night and see what it took to break that resistance. Was it a 20, 40 or 60 pip move, no way? It took a lot more than that to break through, it was a 150 pip move that did the job. Only a move of this magnitude would have the momentum to break and hold above the established resistance.

Last weeks trades were not bad, but last night was not so much. We now have a possible trending market to play for the first time since the first of February.

Tonight we are trading around 1.7710. We are looking for a buy for the first time in months, and some of our traders are going to play both a buy and a sell at opposite end of the expected range.

There is some support around 1.7706, and even more around 1.7680. The first resistance is going to be around 1.7750. We do like to caution traders on making too aggressive of an entry, the 1 hour MACD is still on the sell side of the signal line, although there appears to be some divergence on this chart recently. To learn more about how we teach traders to successfully trade the forex market, be sure to get yourself a top quality forex trading education. One that includes either a forex seminar or a forex trading course.

We find these support and resistance levels using a set of technical indicators and other variables that we have found to be most successful for us. We use several other indicators and a variety of technical analysis techniques to enter and exit all of our trades. Every trader will have a different combination of indicators that makes the most sense to them. Learn how to develop your own successful Forex Trading style with our Elite Forex Trading Course.or Forex Seminar

About the Author

Learn about any of Eddie's amazing trading tools:
Forex Seminar | Forex Trading Course | Forex Trading Education

Forex Price Charts

There are two kinds of Forex traders- the traders who use fundamental analysis and the traders who use technical analysis.
I prefer the technical analysis, which ignores fundamental factors. Technical analysis is applied to the price action of the market.
By using technical analysis traders can make short-term forecasts, which are very difficult with fundamental analysis, more suitable to making long-term forecasts.

Technical analysts use different technical studies and interpret them to predict market direction or to generate buy and sell signals.
By using charts in Forex technical analysis we can predict price movements.

You might think that reading the charts is very difficult, but you must know that FOREX charts, as opposed to charts used for day trading stocks, are easier to interpret and use. The Forex charts are reflection of a country's economy, which is slower moving and is more stable compared to the future and daily drama of company reports, Wall Street analysts and shareholder demands.

Currency charts have also the tendency to develop strong trends, and although the Forex market is volatile, it is more predictable than other markets. The good thing is that you have only a few currencies to analyze, not tens of thousands of stocks.

The complimentary charting software provided by good brokers is sufficient for predicting currencies pair's movements, but you must learn to read the charts and you must learn how to interpret your technical studies.

As I mentioned the technical analysis in the Forex market is easier than in the other markets, but it still might seem a difficult task for new traders.
There are a lot of different resources which are helpful in learning technical analysis. The easiest way is watching videos which explain it, and although the Forex video courses are usually expensive, you can find some cheaper video courses, too.

If you want to learn more about Forex and if you want to get access to high quality FREE Forex Videos go to: http://www.currencytradingmethod.com

About the Author

The author is a currency trader and an internet marketer. On his website http://www.currencytradingmethod.com he promotes FREE high quality Forex Videos, previously available only to Forex elite, who could afford their high price.

Forex Trading System.

Some likes to play lotto or casino, and others loves the excitement of trading with stocks and currency . They all want to find a system with a high profit and no risk but believe me it does not exist and never will.

Forex has developed a few trading systems adjusted to the risk you are willing to take with your investments . There are systems for the careful broker/trader, where the risk of loosing your money is minimal, which also affects the profit and there are systems for those who are willing to take a higher risk, which also will increase the profit, and then there are systems for the hardcore who are willing to take the chance and trade with a high risk to increase the profit. So all in one Forex has a trading system for the beginner, the skilled and the expert.

You can see that the systems made by Forex is efficient as more and more people are using them. As a new started investor you have the possibility to learn all about trading with stocks, currency or anything else you want to try out, by using the Forex trading system with help from either e-books or personal assistance. Trading can be an expensive pleasure with great loos of money, if you don't use the possibilities and tools which exist. Forex has made some systems which is a great help to avoid such loses, and combined with common sense , you have a very good foundation to make a good and profitable investment.

Good luck with your investment, but don't use more money than you can afford to loose, as there is always a risk connected with any investment.
You can get more info on http://www.broker-trading-system.com/ or http://www.brokers-and-traders.com/.

About the Author

Kenneth Langlet is an independent writer who owns the website http://www.broker-trading-system.com/ and http://www.brokers-and-traders.com/ where you can find more information about Forex trading system.