Application of technical analysis in Forex. Cornelius Luke

As statistics show, technical analysis in practical use on Forex is more effective than when used in the stock market.

Since fundamental factors have a greater impact on the stock market and much more often the course of shares depends on the carpet of large market marquers.

Thanks to Texanalysis, you can track patterns in the behavior of foreign currency couples and then use them as signals when opening new transactions.

It should be noted that for the use of technical analysis in practical trade, it is necessary to have a rather large margin of theoretical knowledge. The presented book will help you to get these knowledge.

The provided textbook can be safely called scientific work, it contains such volumetric information in the subject studied.

What would make sure of this get acquainted with the brief content of the book:

1. Fundamental principles of technical analysis - a story about why this method of market research is so important, the types of charts on which it is carried out and the graphic figures with which the analysis is carried out.

2. Trend reversal patterns – which of the graphical figures on the chart may indicate a high probability trend reversal and how to define model data.

3. Trend continuation models - a description of graphic figures that confirm the existing trend and their appearance.

4. Types of charts - here we will again talk about various graphic models and signals, and the signals they provide.

5. Quantitative methods of analysis - a section on the moving average and other variables that characterize the price based on historical data.

6. Oscillators – what is this category of scripts, the most popular representatives of the oscillator family.

7. Other indicators – description of groups of technical analysis indicators, principles on the basis of which they operate and recommendations for use on various time frames. You can download the indicators themselves here - http://time-forex.com/indikators

A separate item can be highlighted in the chapter on typical shortcomings of technical analysis, which contains errors that arise in trading due to receiving false signals.

Download the book Application of technical analysis in Forex.

Read also interesting articles about technical analysis - http://time-forex.com/tehanaliz