Technical analysis is based on the theory that prices on the Forex currency market move in a pattern and it is possible to predict when a currency has reached a high or low point based on historical evidence, then buy or sell accordingly.
There are a number of technical analysis methods, based on charts, that analysts use to follow price trends, for example candlestick charts and Bollinger Charts. As an online trader you may study several before taking the decision to buy or sell a currency.
Wednesday, April 05, 2006
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