The Key Of Success In Forex Trading Is Education

[Espigel]

I am always a student !

[Espigel]

Never think negative.

[akforex]

PRICE PATTERNS
Price patterns are pictures or formations,which appear on charts.
There are 2 major categories of price patterns,reversal and continuation.
Reversal patterns indicate that an important reversal in trend is taking place and the continuation patterns suggest that the market is only pausing for awhile,possibly to correct a near term overbought or oversold condition.
Most commonly used reversal patterns:the head and the shoulders,double tops and bottoms,triple tops and bottoms.
Most commonly used continuation patterns:rectangles,wedges,triangles,flags,pennant s

P.S Thanks for your contribution pipscooper

[Pirate]

Pay no attention to ALCANON; he's nothing but a sh!t stirrer and hasn't a clue about trading !!!

(Edited to add example, for practicle training)

See? I just ignored his pathetic attempt (below) to gain valuable information from me, which he is incapable of producing himself!!!

[Alcanon]

Originally Posted by Pirate

Pay no attention to ALCANON; he's nothing but a sh!t stirrer and hasn't a clue about trading !!!

Stirring your face mate...he he ...let's have a simple challenge. Where will EUR/USD be at the end of September??

Come on....make your call, Bum Pirate.

[akforex]

COMMON POINTS ALL OF REVERSAL PATTERNS
A)The first signal of an impending trend reversal is often the breaking of an important trendline.
B)The larger the pattern,the greater the subsequent move
C)Topping patterns are usually shorter in duration and more volatile than bottoms.
D)Bottoms usually have smaller price ranges and take longer to build

[jasonwsaz]

I'm new to forex trading and because this topic is on forex education I have a few questions for you all...

What is the first book on forex I should read???

What company is your personal favorite to use for trading (demo specifically).

How long did it take you to become a successful forex trader?

Thanks,
J

[akforex]

Originally Posted by jasonwsaz

I'm new to forex trading and because this topic is on forex education I have a few questions for you all...

What is the first book on forex I should read???

What company is your personal favorite to use for trading (demo specifically).

How long did it take you to become a successful forex trader?

Thanks,
J

A)Trading in the Global Currency Markets by Cornelious Luca
B)F-X-C-M
C)Successful trading is a skill that improves with experience and study.Always be a student and keep learning!!!