Technical Reports
Technical analysis is a method of forecasting price movements by looking at purely market-generated data. Price data from a particular market is most commonly the type of information analyzed by a technician. The bottom line when utilizing any type of analytical method, technical or otherwise, is to stick to the basics, which are methodologies with a proven track record over a long period. After finding a forex trading system that works for you, the more esoteric fields of study can then be incorporated into your trading toolbox.Almost every forex trader uses some form of technical analysis. Even the most reverent follower of market fundamentals is likely to glance at price charts before executing a forex trade. At their most basic level, these charts help traders determine ideal entry and exit points for a trade. They provide a visual representation of the historical price action of whatever is being studied. As such, forex signal traders can look at a chart and know if they are buying at a fair price (based on the price history of a particular market), selling at a cyclical top or perhaps throwing their capital into a choppy, sideways market. These are just a few market conditions that charts identify for a forex trader. Depending on their level of sophistication, charts can also help much more advanced studies of the markets.The building blocks of any technical analysis system include support/resistance, price charts, volume charts, and technical indicators that include trend indicators, momentum indicators, volatility, cycle, etc.
