Summary of Analysis & Charts

Types of Trading:

  • There are 2 types of analysis: Fundamental and Technical

  • Fundamental analysis is the analysis of a market through the strength of its economy.  (i.e. the dollar gets stronger because the US economy is getting stronger)

  • Technical analysis is the analysis of price movements.  Technical analysis = charts.

  • Technical analysis also helps us identify trends which can help us find profitable trading opportunities.

  • To become a successful trader, you must always incorporate both types of analysis.

Types of Charts:

  • There are three types of charts:
    1. Line charts
    2. Bar charts
    3. Candlestick charts
  • We will be using candlesticks from now on

Forex Training Class Lessons in Kindergarten: Types of Charts

  1. Types of Trading
  2. Types of Forex Charts
  3. Summary of Analysis & Charts

Learn Forex in the School of Pipsology

"Aerodynamically the bumblebee shouldn't be able to fly, but the bumblebee doesn't know that so it goes on flying anyway."
Mary Kay Ash
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