Forex Forums |

Go Back   Forex Lasers Forum > FOREX TRAINING > Forex School & Education

FX SCHOOL (4i) : What is Technical Analysis?

Forex School & Education

Closed Thread
LinkBack Thread Tools Search this Thread
Old 14-08-2009, 04:14
Join Date: Sep 2017
Posts: 15
Default FX SCHOOL (4i) : What is Technical Analysis?

Click image for larger version

Name:	FX_School_4_Technical_Analysis.png
Views:	15
Size:	5.3 KB
ID:	2061


In Forex trading, the term “Technical Analysis” or simply TA, refers to visual tools that help traders to determine whether to buy or sell a particular currency pairing.

There are two types of TA tools. The first is using what’s known as pure “price action”. It refers to seeing how price has behaved recently, and how this can be used to estimate future price.

The second is what’s known as “indicators”. These indicators/tools are based on mathematics and complex algorithms. In the past, before the advent of the personal computer, traders had to manually calculate and work out different formulae to apply to currencies/shares/stocks/etc… This as you can imagine was a lot of hard work and very time consuming. Fortunately, the tools we have today can be applied with a click of button, (on the brokers’ software platform) and instantly we have detailed information in a visual format, indicating to us, and allowing us to deduce and decide.

You can see four different charts below containing extra visuals. Besides the actual candlesticks, there are other lines and bars. These are a few examples of indicators. More on indicators in a bit.

NEXT: FX SCHOOL (4) : TA Tools - Price Action | FOREX SCHOOL & EDUCATION - Forex Lasers Forum
Closed Thread

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are Off
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
GIGFX Technical Analysis (Updated Daily) GIGFX Trading Journals 129 27-02-2012 09:14
Technical analysis of FXCBS fxcbsar Trading Journals 78 04-05-2010 09:41
IGTFX technical analysis igtfxnews Trading Journals 25 14-04-2010 11:26
Short Term Technical Analysis for Majors WindsorBrokers Trading Journals 15 12-04-2010 10:20
FX SCHOOL (5) : Fundamental Analysis & Economic Indicators ForexLasers Forex School & Education 0 11-08-2009 06:57

All times are GMT. The time now is 21:22.

Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2023, vBulletin Solutions, Inc.