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    What is technical analysis
    what is technical analysis and it's different types ??
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    What is Technical analysis ?
    Technical analysis, which we could also qualify as graphical analysis, is nothing other than an empirical approach used to determine the direction prices will take. It was introduced by Charles Dow during the 19th century, so technical analysis is based on Dow Theory.

    Initially, forex technical analysis dates back to well before the 19th century. Indeed, candlestick charts were already used by the Japanese to anticipate rice prices around the 17th century.

    In forex technical analysis, we must distinguish two major schools of thought. We will speak here of chartist analysis and modern analysis.

    What is the difference between chartist analysis and modern analysis?
    Before tackling the technical subjects, let us first underline that these methods are in no way contradictory, moreover many traders appreciate mixing genres to get the best out of them.

    Chartist analysis
    Chartist analysis consists in identifying configurations directly on prices, for example the configurations of Japanese candlesticks or even the use of trend lines. What should be remembered is that in chartist analysis we only look at the prices on its chart.

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    • #3 Collapse

      Technical analysis

      What is technical analysis ?
      Technical analysis refers to the process of analyzing of historical price movements in order to identify the potential future price trend and to identify the best entry and exit points in the market based on the probabilities that we can get from all means of technical analysis that we can use during the trading. And there are many means and tools are typically used in technical analysis, Which are :

      Technical tools, such as :

      Technical indicators, such as :
      Chart patterns, such as :
      Candlestick patterns, such as :
      • Hammer.
      • Inverted hammer.
      • Morning star.
      • Evening star.
      • Bullish engulfing.
      • Bearish engulfing.
      • Dojis.

      You can get an explanation of all these candlestick patterns in the following link below :
      https://forum.mt5.com/showthread.php...1#post14972376.

      You should be aware with all the mentioned above technical tools, indicators, and patterns in order to choose the best between them for your trading style and method. Because the combining between these tools and indicators can help you to establish a good trading strategy can help you to achieve the success in your trading. And i placed a link beside each technical tool and indicator, can provide you with a good explanation to each one of them in order to make you able to understand the function of each tool and indicator are used in the technical analysis. Because this will provide you with a good knowledge about technical analysis. And this is very important to any Forex trader because the technical analysis is deemed the most important type of analysis because it is the lonely type of analysis that can help you in determining the best entry and exit points in the market. And there is no any Forex trader can succeed in his trading without having good knowledge and experience about the technical analysis.
      My Trading Journal

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      • #4 Collapse

        Technical analysis as we know it today was first introduced by Charles Dow and the Dow Theory in the late 1800s.1 Several noteworthy researchers including William P. Hamilton, Robert Rhea, Edson Gould, and John Magee further contributed to Dow Theory concepts helping to form its basis. In modern day, technical analysis has evolved to included hundreds of patterns and signals developed through years of research.
        technical analysis operates from the assumption that past trading activity and price changes of a security can be valuable indicators of the security's future price movements when paired with appropriate investing or trading rules. Professional analysts often use technical analysis in conjunction with other forms of research. Retail traders may make decisions based solely on the price charts of a security and similar statistics, but practicing equity analysts rarely limit their research to fundamental or technical analysis alone.

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        • #5 Collapse

          What's technical analysis?

          The technical analysis is the most effective and complex way to analyze the market, Technical is something every trader must smart grasp of if you are to become a better and profitable trader

          Technical analysis is the study of the technical chart with the use of Technical indicators tools that help traders better understand the movement of price.

          In the market there three ways of analyzing the market, which include fundamental analysis, sentimental analysis technical analysis, the technical analysis is one analysis that can be performed alone and still be very profitable even without using it in conjunction with other analyses.

          What are the different method of technical analysis
          The price action method of trading
          The price action is now very effective in the market and it's one way to analyze the market which can exclude the use of technical indicators

          • Price action methods include

          • Candlestick pattern analysis such as the

          inside bar, hammer, hanging man candle, etc.
          • Analysis of the Chart patterns such as

          support and resistance, trading the head and shoulder breakouts, double tops, etc.

          • The use technical indicators to trade


          This is the basic way professionals trade because their trading systems are based on the US of indicators example of technical indicators are
          • MACD
          • Moving averages
          • Bollinger bands
          • RSI indicator Ichimoku clouds etc



          No forex trader is born with the knowledge or experience of forex that incorporates how to exchange money. You'll require time and groundwork for getting familiar.
          Meanwhile the more you learn the more widen your knowledge will become.

          In the market, Prices move up, down, and sideways, and the only way to guess accurately the direction of the price is through analysis of the chart but only if you understand what the chart is telling you. So hustle to learn and more earnings will follow .

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            WHAT IS TECHNICAL ANALYSIS

            The participants of the forex market are into the business for profits. However, to make the expected profits from the high risk market, the participants need to know the next possible direction of price of the asset being viewed. To this end several ways of analyzing the market are used. One of the ways commonly used by the forex traders is called technical analysis.

            Technical analysis seems about the easiest way of analyzing the market especially when one is just starting out in the forex trading business. This type of analysis uses technical indicators which is used to access the next possible direction of price. So technical analysis is based on chart patterns. There are several technical indicators embedded in the trading platform which could be used by the forex trader. Examples if these are Bollinger Bands, Moving Averages Convergence and Divergence (MACD), Relative Strength Index (RSI), Commodity Channels Index (CCI), Parabolic Sar and many more. A forex trader could still attach other technical indicators if he so desired.

            However, though the technical indicators help the forex trader determine the next probable direction of price in the market, they never give a 100% accurate signal. Hence trading with the use of technical indicators does not necessarily make the forex trader a successful trader. The signals generated by the technical indicators could fail and for this reason whoever is using them must apply all necessary precautions to the trades executed.

            The forex trader has the opportunity of trying out his technical indicators on the demo practice account as it is very important that the trader already mastered the use of the technical indicators before applying them in the real live money trading.

            Technical analysis is the most widely used system of analyzing the market. It is much easier to understand and apply than the other types of market analysis. The other types of market analysis are fundamental analysis and market sentiment. However these two are used by more experienced forex traders and the professional forex traders.
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            • #7 Collapse

              TECHNICAL ANALYSIS IN FOREX TRADING.

              There are two kinds of analyses in forex trading and they are Fundamental and Technical Analyses. The former deals in fundamental economic news as recorded on the economic calendar. They are the economic data through which the directions of the market trends are determined. Fundamental news are vital for Technical analysis of the trade of forex.
              Technical Analysis deals with the platform of trading originally and it means exploring, studying the past market movements to have an insight into the upcoming or future price movements.

              What Are Being Studied In Technical Analysis?

              There are categories of study in technical analysis of the market platforms. We should not forget that there are two kinds of platforms of forex trading. They are the Metatrader 4 and Metatrader 5 respectively. However, it is the former, popularly known as the Mt4 that most traders are familiar with due to its ease of access.

              1. Candlesticks: Irrespective of colour, formation or timeframe in which each of them form, they possess the property expressed in prices in the formular of O H L C with;
              O for Open
              H for Highest
              L for Lowest
              C for close.

              In addition, Charts are of three types which are; Line Chart, Bar Chart and Candlestick Chart for visibility purpose. The Candlestick Chart is the widely and generally recognised and it has Patterns Of Charts as; Triangle Patterns, Head and Shoulder Patterns, Double Tops and Bottoms Patterns and Wedge Patterns. Its patterns are recognised as; Hammer, Doji, Morning Star, Evening Star, Bearish Engulfing, Bullish Engulfing and Inverted Hammer.

              2. Timeframe: Candlesticks cannot form without the help of the section of Timeframe. This is where Prices are forming and determining on the basis of time which are; M1, M5, M15, M30, H1, H4, D1, W1 and MN. It is withing these frames of time that the Candlesticks form. The Candlesticks are analysed with the help of Timeframe and analytically, the frames can further be divided into two; Lower and Higher Timeframe.
              The Lower ranges from M1 to H1 while the Higher from H4 to MN.

              3. Technical Tools And Indicators: Prices move and form on the horizontal line pattern of Support and Resistance levels only. These lines are best analysed through the help of Candlestick Pattern of Highest and Lowest only. The highest form the Resistance while the Lowest form the Support levels irrespective of Timeframe section in which the candles form.

              Technical Indicators are many that are available for helping traders in determining prices more especially, when to place positions or exit from the market. Apart from those that can be uploaded to the platform from another source, there are many of them that are available for use on the platform some of which are: Stochastic, Alligator, MACD, Parabolic Sar and so on.
              Technical analysis is the main unending work that is expected of a trader of forex to keep doing because success in the trade might be a thing of difficulty without it.

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                In a technical analysis we can read the analysis to 1m 5m 15m 30m 1hour 4hour 1day and weekly we can check any time this analysis, Technical analysis are very helpful in real Forex Trading

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                  Before we go into technical analysis we must lay some ground work so you understand things when we progress further into this topic as there are many things that must be mentioned. Let’s start...


                  THE CONCEPT OF TRADING
                  • A real, professional level forex trading is the activity of finding short term price movements in the market to generate profit.
                  • The focus of technical analysis is to use the chart and figure out the behavior of the market and make a strategy based on that behavior.
                  • We must try our best to capture the market movement by executing our entries and managing the position and after that, we let the market move toward our take profit target or take the position out with our stop loss.
                  • We must have a winning edge conscripted in our analysis no matter what technique you use.
                  • Any good technique must have a detailed explanation on how to identify a trend and what stage is the trend in and what entry trigger should be used during certain market scenarios.


                  The bull and the bear

                  The bull or bulls is a term used to identify the direction of the market and in this case it is an uptrend while the term bear indicates that the market is going downward. We don’t know what’s the real reason behind the coinage of those terms but that’s not what’s important now. The main idea is to know that if the market is going up and we buy and then the market goes even further up then we will make profit when we sell it. The opposite is also true where if you sell when the market is going down and the market keeps going down then you will also end up in profit if you buy it. The latter is the difference between stock trading and forex trading because in stock trading you can’t sell what you don’t originally have, you need to buy first and sell later. In the forex market, selling before you buy is just the same as buy first and sell later because when you enter a position you are engaged to do the opposite of whatever you do at first. So, if you enter buy first then you must sell it later and if you sell first then you must buy it later.


                  How to develop your trading edge
                  • An edge is something that you can see happening repeatedly in the market which means you have a statistical advantage over just entering trades randomly.
                  • This edge will give us a cue that the market is going to do this or that and so this edge will tell us to wait for our trigger to actually enter the market.
                  • To really have an edge means you must also have a solid risk and reward.
                  • Retail forex trading is a one-man business so all the analysis, executing, management, review and improvement is your responsibility so you need to have a strong mentality and this is why the psychological aspect is very critical.
                  • Every trading edge you have will be meaningless if you can’t stick to doing it hundreds or even thousands of times so it’s important to stay focused and not deviate from your trading plan.


                  What is the most important part of trading?

                  Risk reward.
                  • Risk reward is very important in forex trading because it is the rationale of what you are doing which is “to make as much as you can while risking as little as possible”.
                  • Risk to reward ratio (or RR as it’s often called) is expressed in ratio such as 1:3 or simply 3R which means you are risking 1 and targeting for 3x what you risked. So if you are to risk $10 then you will be targeting $30 profit.
                  • The use of RR should be consistent throughout your trading career and this is something that we must ensure to do on every trade. A good risk to reward ratio is something like 1:2 or 1:3. You can also choose to use 1:1 RR but it is really not recommended. Using RR that is too big like 10R is also not good because although you will get a lot of profit when you can catch a big movement you will have to stomach many losses along the way and not everyone can deal with this situation.
                  • Risk to reward ratio is like a safeguard to your capital and it gives you some level of certainty that will come out profitable over time no matter what kind of market situation you encounter. A 1:3 RR means even if you lose 9 times you will gain all those capital back in just 3 winning trades. That’s how powerful the risk to reward ratio is.
                  • There is a trade-off between RR and Win Rate ratio, usually if your win rate is big then the RR is small and the opposite is also true when your win rate is small then your RR will increase.
                  • One of the reasons to not aim for a big RR is because there are times when the price is just 10 or 5 pips away from your target profit and then the market simply reverses and takes out your stop loss. Turning a winner to a loser is a painful experience and that is why you should not use big RR.
                  • Using a small RR is good and you will see these 2R or 3R trades accumulate into a huge profit over the time and it will boost your morale even further to continue in this business.
                  • It is important to understand and accept that no matter what kind of technique you have you will never be able to avoid losses. You can’t win on every trade, it’s not possible and even those who claim it’s possible they have a very small profit or eventually lose their account. You lose time and potential profit if you attempt a no-loss trading strategy. You want to make money in a reasonable time period. What’s the use of trading for 10 years and only get 1% during that time while you can get 50% or more during the same course of time?
                  • Because you can’t totally avoid loss you must have a good RR because RR makes sure that you will always get more than what you risk so your loss per trade will always be smaller than your win. This means it doesn’t take that long to get the lost capital back.

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                  Here are the habits of profitable technical traders:
                  • One common virtue of every technical trader is they are all patient. Patience is the key difference between an amateur and a professional trader.
                  • Because they are patient they always wait for their cue from the market instead of forcing a trade on the market. Trading is a waiting game...you wait for a good setup to appear and then you wait again for the market to go to your profit target.
                  • Technical traders never hesitate. When they see a good trading setup they never hesitate to enter a trade. When hesitation comes in it means the setup is not that good and so they never take this kind of trade.
                  • Never ever try to chase the price. If by any chance you missed a good trading opportunity then just sit and wait for the next one. Chasing the price is like chasing a falling knife, it is far better to avoid doing this. The forex market is a big market and there is always a chance for you to catch a good trade next time or in other currency pairs so just wait for the opportunity. Also, usually a second chance to enter the market will appear even if you missed the first one so don’t panic.
                  • Don’t try to pick tops and bottoms (reversal trades) because although it can provide huge RR the chances that you will get a false cue is also great. Try to take continuation trades and when you are already more experienced then you might venture into taking reversal trades.
                  • A technical trader sticks to their trading plan no matter what. Something worth mentioning is worth repeating. This shows how disciplined you are as a trader.

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                  Technical analysis

                  There are two main groups in the trading world and they are the fundamental analysis and technical analysis. Both of them are important and compliments each other if used correctly. Fundamental analysis is the study of market movements through the reasoning/psychological side of the market and thus they try to get clues of what’s happening through data and sometimes the rumors of what going on behind the scene. Technical analysis is the study of price as represented by the chart to find repetitive behaviors that can be used as hints about the future price movement and then to enter the market. Traders of this group use short term and long term charts to find market sync or desync. The vast majority of traders in the world belong to the technical analysis group.


                  Price action

                  The term means the study of how price behave and to figure out the reliable pattern that occurs time and time again. This is very important to every trader. What you see on your chart is the perceived value of what the big money around the world thinks at the moment and any move up or down resulting from their perception will be printed on that chart. The basic tool needed by a price action trader is the candlestick. No matter what trading style you use, you will need candlestick on your chart.


                  Support and resistance

                  When talking about price action you will encounter the term support and resistance. A support level is an area on your chart that normally has a lot of buy orders waiting from traders around the world and from this area price is expected to rise. A resistance area is quite the opposite where there is a lot of money waiting to sell and therefore, price is expected to fall when reaching this area. Support and resistance (often called SR or S/R) are expressed by horizontal lines. S/R becomes stronger as time passes by and after reaching a certain point it becomes weaker and weaker and eventually price will break through them creating what traders called a breakout trade.

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                  Swing point (market fractals)

                  Price never goes straight up or straight down, it normally moves in zigzags and the extreme point on that zigzag is called fractal or swing point. This swing point is the extreme point of the price during a certain period of time. This fractal is the basis of support and resistance areas. As the market bounces off around a certain price level a couple of times a support or resistance area is created. As the fractal creates lower lows or higher highs a trend will be noticed by the traders.


                  Trend line (channels)

                  A trend line is created when the fractal breaks the previous fractal to the same direction and this in turn, creates what’s called a trend line or channel or simply a strong trend to one side. A channel is a market condition where you have both the sloping support and sloping resistance. There are several potential patterns when the fractals stop at certain areas and they form a pattern.


                  Chart pattern

                  A chart pattern is a market behavior that is repeatedly shown on the chart. You have many patterns these days, some of them are the simple basic ones while others require exact measurement. There are big patterns and then there are also small individualistic patterns such as the candlestick pattern. Most of the big patterns are not used in forex trading due to the efficient nature of the market.


                  Candlestick pattern

                  Candlestick is the tool that you need for every type of analysis in the trading world but it also has its own set of patterns. Candlestick was first invented hundreds of years ago in rice trading in Japan. There is a lot of candlestick patterns from the major one (more frequently used) and the minor ones (most commonly found in stock trading than in forex trading).


                  Technical indicators

                  Commonly known just as an indicator, this is a set of tools created by smart brains around the world. The indicators help traders to identify certain market conditions in the market. Some indicators use formula or statistical calculations while others are simply visual-based observation such as the fractal indicator and zigzag indicator. Some others use simple ratios such as the fibonacci lines.
                  You only need to read THIS ARTICLE to make money from forex trading,

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                  • #10 Collapse

                    Technical analysis is a method of analysis that uses statistical and historical methods in its application. In forex trading, technical analysis is a popular analysis method among traders and is widely used by various trading streams and styles. People who use technical analysis methods are often referred to as chartists , because they make decisions on the market based solely on what is seen on the chart. In my opinion, there are 2 major groups in technical analysis, namely technical analysis based on statistics and history.

                    Statistics
                    In use, statistical methods are the most widely used in technical analysis, and this is reflected in the use of technical indicators. The use of indicators in trading is trading using statistical data, because indicators are basically formed and calculated from a statistical method. A simple example is like a simple moving average. The simple moving average is calculated by the formula:

                    History
                    Historical-based technical analysis is making trading decisions based on market behavior. So a trader conducts an analysis based on trends that occurred in the past. This technical analysis method usually uses the pattern and shape of a chart. For example, a bullish engulfing pattern. Historically, bullish engulfing patterns have always been followed by price increases in the market. Or another example, the head and shoulders pattern is usually always followed by a downward movement in the market. Based on these histories, it is concluded that if the chart pattern or shape repeats itself in the future, the same market movements will be followed.


                    Whatever technical analysis method is used, the bottom line is the same, using probability and analyzing the charts. But of course that does not mean without risk, it would be better if it was combined with money management trading. In addition, technical analysis can usually be more accurate if it happens that technical analysis is also in line with fundamental analysis at the same time.

                    Examples of technical indicator are as follow

                    1. Moving average
                    2. RSI
                    3. Stochastic
                    4. MACD
                    5. Bolinger band
                    6. VOLUME
                    7. Fibonaccy and others


                    How to use technical analysis

                    The method is quite simple, first make sure the type of chart to be used. Is it a line chart, bar chart, or candle stick. Because each chart has advantages and disadvantages. After that, determine the techniques and indicators that we will use. The trader divides the technique into two, namely naked trading and full indicators. The final step, start analyzing and setting the entry point for the exit position.

                    Below is a chart image that uses naked trading. Based on the trendline, it is known that the market is bullish. Then we will take a long position when the price bounces off the trendline and the support or resistance break area. The profit target is the closest resistance area. Because there is a chance that the price will be corrected in that area.
                    Tacaz Trading Journal

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                      Understanding Technical Analysis
                      • Technical analysis is the study of price movement through the use of technical analyses, indicators, and other analysis methodologies trends and to evaluate the possibilities of future market movements.
                      • In order to detect trends and evaluate chances of the future direction of price, technical analysis is the study of past prices movement.

                      There are 2 things informing technical analysis:
                      •Trend Analysis
                      •Support / Resistance Analysis With Use Of Price Charts And Timeframes

                      There are only 3 areas that markets can do:
                      •Move Upward
                      •Move Downward
                      •Move Sideways
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                      A technical analyst is called someone who uses technical analysis.
                      Traders who use technical analysis are identified, As technical traders.

                      Types Of Technical Analysis
                      3 important technical analysis Types:
                      1. Indicators
                      2. Charting
                      3. Theories

                      TECHNICAL ANALYSIS INDICATORS
                      • Price trends
                      • Chart patterns
                      • Volume and momentum indicators
                      • Oscillators
                      • Moving averages
                      • Support and resistance levels

                      TECHNICAL ANALYSIS CHARTS

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                      TECHNICAL ANALYSIS Theories
                      2 main theories are:
                      The Elliot wave theory
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                      The Fibonacci numbers theory
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                      Technical Analysis Advantages
                      •The major benefit of technical analysis is that it allows investors and traders to monitor the market trend. With the use of chart analysis, up trend, down trend, and sideways market movements are easy to predict.
                      •Traders And Investors Can Identify The Right Time To Enter And Exit A Trade By Means Of Technical Analysis, Thus Ensuring Good Returns.
                      •Technical Analysis Offers Clear Overview And Also Provides An Impression Of What They Do With The Mindset Of Investors And Traders.
                      •Technical Analysis Is Less Costly As Compared To The Fundamental Analysis In The Way Of Currency Trading
                      •In Short Term Trading, Swing Trading, And Long Term Investment, Technical Analysis Is Very Useful.

                      Technical Analysis DisAdvantages

                      •For Certain Situations, A Buy Signal Will Be Shown On One Of The Technical Indicators And A Sell Signal Will Be Shown On Another Indicator.
                      •It Does Not Guarantee A Profitable Trade When A Potential Entry Or Exit Point For A Stock Is Proposed. After Entry, Stock Can Decrease. After The Exit, Stocks Can Also Increase.
                      •From One Analyst To Another, The Technical Methods Used To Analyse Stocks Can Differ.

                      Conclusion
                      • In the forex market, technical analysis is an effective technique for finding trade opportunities. Technical analysts seek to assess the current trading conditions and predict future market movements by concentrating on historical price dynamics and prevailing trends.
                      • For performing technical research, many instruments and principles can be used. However, as it could cripple your decision making, you should not clutter your charts with various resources.
                      • The trick is to adopt a clear strategy and use two or three trading methods for technical research. To help weed out bad signals and validate trading opportunities, you should add the other ones.

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                      • #12 Collapse

                        technical analysis


                        For technical analysis, traders are trading based on price movement and chart comparing.

                        The key point is that a trader can see the past price data for understanding the current price movement and gain an idea of ​​what the future price will look like.

                        All the previous price movement charts will be given in your chart. So you can see what happened before if you want.

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                        Such is the technical analysis. What happened in the past, we can hope that will happen in the future. If a price level has previously acted as support or resistance, traders will have an eye on that and they will trade based on it.

                        Through technical analysis we try to match the same pattern that happened before. And since it happened before, we hope that the same thing may happen again.

                        When someone says the word technical analysis, the first thing that comes to mind is the chart. Charts are used in technical analysis because historical data can be presented most easily through charts.

                        You can look at the previous data in the chart to understand the trends and patterns which can give you some good trading opportunities. Price patterns, indicator signals can help you get a good idea about the market.The technical analysis depends on how you do the analysis.


                        The fact is that you need to know the basics of technical analysis. We need to know about Fibonacci, Bollinger Bands, Pivot Point, Moving Average etc.




                        some of basic technical indicators name

                        1.moving average

                        2. bolinger bands

                        3.Relative Strength Index(RSI)

                        4.MACD


                        As those who are short term scalper or day traders they mainly follow the technical chart analysis for their trading. from my experience i can say technical analysis is risky always so keep trying to maintain the proper money and risk management.
                        mrsohel trading journal

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                          Technical evaluation is a tool, or method, used to expect the probably destiny rate motion of a security – which includes a inventory or foreign money pair – based on marketplace information.The principle at the back of the validity of technical evaluation is the perception that the collective actions – shopping for and selling – of all of the individuals in the market accurately reflect all applicable records bearing on a traded safety, and therefore, usually assign a fair marketplace fee to the safety.Technical buyers examine fee charts to try to are expecting rate motion. the two number one variables for technical analysis are the time frames considered and the specific technical signs that a dealer chooses to make use of.

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                            Technical Analysis

                            Technical analysis is the framework in which traders study price movement.
                            The theory is that a person look at historical price movements and determine the current trading conditions and potential price movement. The main evidence for using technical analysis is that, theoretically, all current market information is reflected in price. If price reflects all the information that is out there, then price action is all one would really need to make a trade.
                            Now have you ever heard the old adage, "History tends to repeat itself" ?

                            Well that's basically what technical analysis is all about! If a price level held as a key support or resistance in the past, traders will keep an eye out for it and base thier trades around that historical price level.

                            Technical analysis look for similar patterns that have formed in the past, and form trade ideas believing that price will act the same way that it did before.
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                            In the world of trading, when someone says technical analysis, the first thing that come to mind is a chart. Technical analyst use charts because they are the easiest way to visualize
                            historical data!

                            You can look at past data to help you spot trends and patterns which could help you find some great trading opportunities.
                            What's more is that with all the traders who rely on technical analysis out there, these price patterns and indicator signals tend to become self fulfilling.
                            As more and more traders looks for certain price levels and chart patterns, the more likely that these patterns will manifest themselves in the markets.

                            You should know though that technical analysis is very subjective. Just because Ralph and Joseph are looking at the exact same chart setup or indicators doesn't mean that they will come up with same idea of where price may be headed.
                            The important thing is that you understand the concepts under technical analysis so you won't get nosebleeds whenever somebody starts talking about Fibonacci, Bollinger Band or pivot points.
                            My Latest Journal Update
                            https://forum.mt5.com/showthread.php...1#post15059081

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                            • <a href="https://www.instaforex.org/ru/?x=ruforum">InstaForex</a>
                            • #15 Collapse

                              There are two types analyzes in the forex market, one is technical analysis and one is fundamental analysis, so today we try to know about technical analysis, what is it It comes to technical analysis that we do market analysis with the help of differential charts. And the more thoroughly we explore them, the more successful we can be in it, all we need is that we should work well to become a good trader in it. And there are many different instruments in it, with the help of which we can message us well, but if you have to do technical analysis then you should have a very technical knowledge of the market because unless you have knowledge then you will not have the instrument So, if you want to succeed in this well, then you have to work hard and work well in it, then do good work so that you can get success among each other. The more you can succeed in it, the more you can become a raw trader as well, you just have to do hard work, whatever is done, it becomes successful, then we should also keep working hard in it because And a professional trader is known only because of his technical analysis. Export is still the only one who can invest in the market well. So just because of this we also need to do good work in it, so well we do our work in it, we become equally successful in it, just have to be courageous and well done so that we are a good trader in it.

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