Technical analysis is a method in Forex trading that forecasts future price movements by analyzing historical price data and chart patterns. It uses tools like price charts (line, bar, candlestick), indicators (e.g., moving averages, RSI, MACD), and chart patterns (e.g., head and shoulders) to identify trends, support and resistance levels, and market behavior. Key principles include market efficiency, trend persistence, and historical patterns. Benefits include timely decision-making, risk management, and versatility across various markets.
Sub-course | Link |
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Introduction to Support and Resistance: Identifying key levels | View Course |
Trendlines: How to draw and use trendlines | View Course |
Types of Charts: Line, bar, and candlestick charts | View Course |
What is Technical Analysis? Basic principles and benefits | View Course |