Usefull links
If you trade for a while, you know that knowlage and timming is priceless. You can find a ot of information in the internet. To make it easy for you, I sumerise a few sites that might be usefull.
Chart analysis
Candlesticks
Learn how to analysis a chart using japanese candlesticks.
You will find that price analysis is the most powerfull tool and can be the ultimate indicator.
Every minute you spend here will be paid in the trade. You will be amased, how useful japanese candlesticks can be.
Once you know the theory behind candlesticks, try to find the
candlesticks patterns. I am using candlesticks patterns to confirm the trade, and sometimes even to take a trade using price movement only.
Technical Indicator
Teach yourself the main technical indicators.
Pay attantion to
Moving Avarge
Bollinger Bands
MACD
Stochastic
Forex Forums
forex-tsd
Very populare forum. You can find manual and automated trading system,
special trading indicators, and very nice people that will love to help you.
Forex factory
Another popular forum. You can find here very good manual trading systems.
News analysis and more. Very recomended.
Forex Calendar
Forex factory
Be prepare!!! Looking at forex calendar before you start to trade, can save you a lot of time and frustration.
See what are the currencies that might be effected by today's news and try to focus on them.
2 hours before the news, look at the chart, and try to find out what will be the trend.
Look at the big picture. Start by looking at the daily chart. Maybe yesterday was a starting point of a new trend.
Then look at 4h and 1h charts, to find out hints about the trade. Most of the time, the market will predict the trend.
Friendly sites
Business Loans TX
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