Part l: Technical Analysis
In most cases. an effective technical analysis MegaTrade101.com follows a distinct process based on historical trends established and price action that can be used as reference points for price resistance (High) and (Low) support. Depending on the approach and objectives, identifying trends can best be viewed as short-to-near term, medium-to-long term outlook.
This process would enable trader-investors the abiity to decide an appropriate trade position to take in the market place. More importantly, an effective technical analysis combined with a few selective tool applications can be utilize to project directional price trends ahead of the market. Certain market conditions do apply at certain times. As market conditions vary in some degree, price action plays a vital role in reflecting true market sentiments on real time trading. Click to continue
Related article: A Constructive Approach and The Strategic FX Trading Techniques
MEGATRADE101.com - The Business of Making the Right Trading Decisions Beyond Charting & Price Action Analysis
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