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EDUCATION: BEGINNERS READ CAREFULLY- ANALYSIS

FX:EURUSD   Euro / U.S. Dollar
Hello traders,

Day-by-day lot of users/traders getting into trading, out of that most of them are novice traders. Consequently, they ended up the trade in the lost count; An action without proper knowledge will end with the failure badge.

In trading, there are two approaches to market analysis,
1. TECHNICAL ANALYSIS
2. FUNDAMENTAL ANALYSIS
Both can be effective if practiced well.

Today, we are focusing on technical analysis ,

Technical analysis involves Spotting trends, try to identify when to buy and when to sell either to get in or get out of the trade.
Generally, the price range/ trend anticipated on the basis of identifying the support and resistance levels. The lower price range(support) known as FLOOR and the Higher price range (resistance) is known as the CEILING.

The Technical analysis is based on the scientific discipline called CHAOS THEORY. Technical analysis can help you to predict future action by looking past price action. Price action is an action or motion of the market over time.

REMEMBER: The Market only moves in three ways,
1. UPWARD ( BULLISH )
2. DOWNWARD ( BEARISH )
3. SIDEWARD.

Technical analysis helps you to find out the perfect range and trend. Besides this will help to understand when to get in and when to get out.
If you buy and sell at proper timing, you may able to make profits.
Contrarily, if it unpredictable you may take a loss.

TECHNICAL ANALYSIS is not a perfect strategy to make a profit.
Your success will be in part of Good Risk management, discipline and ability to control emotions.

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