Technical analysis encompasses a wide range of charting techniques used to try and predict the move the price. In this article, I give an insight on how to use technical tools and indicators. It includes: What is technical analysis, Basic Assumptions of Technical Analysis, Schools of technical analysis, Types of technical analysis charts, chart patterns, Tools and indicators commonly use in Technical Analysis, Important things to keep in mind about technical indicators, The best books to learn Technical Analysis

I will endeavour to answer a number of pressing questions including what is forex is and how does it work. In this article we will cover:
What is Forex and what is it’s origin
Electronic Exchanges and the Forex Market
Who are the participants in the Forex market
How does Forex Trading works
What are common definitions in Forex Trading
Can I make money in Forex and If yes, How
What are the basic requirements to start trading

Here’s the deal
learning just a few key candlestick patterns WILL improve your ability to recognize trading opportunities
and, enter better trades!
The Japanese have been using these patterns for centuries,
to trade rice of all things!
so, there is a rich history to the art of candlestick trading.

The forex market is on a never ending quest to run stops. This is true across all time frames. It is what drives the price action, especially on an intra-day basis. Identifying where stops are lying gives a clue what side of the market is most vulnerable at any point in time. Given the opportunity the market, run by the algos, will look to run stops. When there are no stops left to run, a currency will generally settle into a range.

The speculative position confirm the bearishness in this market. This week speculators added1 9.6K fresh short positions and only 8K longs. They were 72K net short, which is the largest level since they became net bearish back in June. Speculative shorts are slowly getting extreme. The last extreme level that caused the market to reverse from 1.20 to 1.44 was at 144K ( April 2017 ). We are almost at these levels ( 140K ) this week. The missing element is the share of open interest. This metric reads 52% this week.

Over my 13 years of trading I recognised that I went through a long development process, the journey if you wish. I recognise 3 main stages that a trader goes through. It’s important to name and characterize them so you can see what stage you are on so you can speed up your trader’s career.