Most traders abide by technical analysis because it does not require hours of study. Technical analysts can follow many currencies at one time. Fundamental analysts, however tend to specialize due to the overwhelming amount of data in the market. Technical analysis works well because the currency market tends to develop strong trends. Once technical analysis is mastered, it can be applied with equal ease to any time frame or currency traded.
The Basis of Technical Analysis explains trend analysis and how to use basic trend following techniques.Click below to browse through:
1. What is Market Trend?
2. Types of Trends
3. Trend Classifications
4. Drawing Trendlines
5. Information about Trendlines
6. Channel Lines
7. Find Price Support Levels
8. Finding Price Resistance Levels
9. 50% Retracements
10. 33% and 66% Retracements
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