Technical analysis of financial markets.

This textbook will help the beginning trader understand the fundamentals of technical analysis of financial markets. In addition to technical analysis itself, the introductory section of the book will explain the different markets and the main trading instruments. You will also learn about how electronic exchanges operate.

A brief overview of the main sections.

1. Basic Concepts – This section contains all the necessary information to understand how the exchange works and how to make money on it. Moreover, this section covers not only Forex but also stock exchanges.

2. The Essence and Components of Technical Analysis – If you are just beginning to study this subject, this section is designed for you. It contains all the information a beginning trader needs, with extensive space devoted to trends, their descriptions, and characteristics. The postulates on which technical analysis is based are presented, and the influence of internal factors on market trends is described. The section concludes with test questions to test your knowledge.

3. Charts – as the title suggests, this section covers graphical analysis, chart types, and how to work with them.

4. Trends – trend-following trading accounts for nearly 95% of Forex strategies. This section covers the basic techniques for studying trends and options for calculating price channels.

5. Chart Patterns – trading using chart patterns, all about reversal and trend continuation patterns.

6. Cycles – the concept of cycles and Elliott Wave Theory, developing strategies that take market cycles into account. 7.

Oscillators – the main tools of technical analysis, a description of the most popular oscillators.

8. Capital Management Trading Models – capital management in Forex is essential, so this section is essential reading.

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