Candlestick patterns

Like bar charts patterns, candlestick patterns can be used to forecast the market. Because of their colored bodies, candlesticks provide greater visual detail in their chart patterns than bar charts.

Point & figure patterns

Point and figure patterns are essentially the same patterns found in bar charts but Xs and Os are used to market changes in price direction. In addition, point and figure charts make no use of time scales to indicate the particular day associated with certain price action.

Advantage of Forex Currency Trading

Foreign Exchange trading (also called Forex, FX, or currency trading) describes trading in the many currencies of the world. It is the largest and least regulated market providing the greatest liquidity to investors. Daily volume in the currency markets is around $1.6 trillion. By comparison, the NYSE daily volume averages $25 billion a day.

The spot Forex market is the most liquid. Spot, meaning that trades are settled within two banking days. There is no central exchange of physical location. Trading takes place over-the-counter, 24-hours a day directly between the two telephones and computer.

Why Trade Forex

The future is coming quickly upon us; very soon millions will be on the Internet trading foreign currency. Forex trading is gaining momentum now, as the word goes out that is a SAFE market to trade in.

The major reasons why Forex trading is catching on to the individual trader are Safety, Liquidity,

Trade when you wish, guaranteed stop losses, and its fun.

You do not have to sit in front of your computer all day long to trade the Forex, although once you see the power of Forex trading you might want to. Our teaching methods will show you the correct entry and exit points. All you have to do is glance at the charts occasionally to see if correct entry point is approaching, and if it is then get in on the trade. We will even show you how to leave your computer and have your trade be closed automatically at the level that you wish.

Everything you need to trade in the Forex market will be provided to you. You will be able to participate in the trading seminars, listen and watch experienced traders in our system live to your computer.

The world is getting more complex, but getting smaller at the same time. The Internet has made information accessible to anyone on the planet. We urge you to educate yourself in the techniques of 1st Forex trading academy, as it is already becoming the best way to increase your income from your own computer.

Don’t be the one that says, «Forex, I could have been in that. » It’s time for 1st Forex Trading Academy to teach you how to make money with money. After all, when you boil it down, that is what currency trading really is.

Forex fits into your trading plan than gets started. Don’t be surprised that you can use various trading vehicles in the world of Forex.

Technical analysis –

What’s popularly called charting – can help traders evaluate both risk and reward. The technical indicators used to read the charts will give you the simplest kind of picture you can get of a currency’s performance.

Simply by placing your support and resistance and by looking at the past performance of a currency you can get a record of its closing price over time. Once all of the elements are in place for an analysis, you can calculate your pips difference and verify, depending on the trend of the market, if you will make more profit or loss and if it is after all worth the position.

For example, if the market is in a bullish situation, you need to have a higher pips difference between your buy-stop order and your resistance price than between your support price and your buy-stop order so that your reward will be maximize and your risk will be minimize.

In each case, upside (bullish) or downside (bearish), the tools of technical analysis will tell you important things about risk and reward. Don’t trade without them.