In forex trading you will have to make your decision based on either Fundamental Analysis or Technical Analysis. You can always pick just one type and stick to it, but it is much recommended to take a bite from both. Mind you that fortune teller probably won't be able to help you here, so your best changes to be a forex winner is to analyze everything thoroughly, stick to your pattern, backup your decisions with fundamental analysis and enjoy trading! The more you know the better, because in practice many traders combine these two analyses to create forex trading strategy. However try not to overload yourself with too many strategies. There are so many approaches available that it can be difficult to decide which way to turn.    Read more...

The first time you see a real economic calendar you wish you haven't gotten into trading at all. The abbreviations give you headache, the "colorful" digits are way too bright to look at and it just doesn't seem possible to comprehend! Have no fear, though. After this explanation things will definitely look easier! Read more...

Support and Resistance concept is very popular among forex technical traders. Not only the concept is widely used but also might look slightly confusing at first glance, just like everything else in forex trading! It is however very important for you to understand support and resistance concept in order to fully understand forex charts. Don't panic though - there is no secret support and resistance cult that keeps all the explanations to themselves. The comprehensive explanation is right here. Read more...

Once you are familiar with forex chart types you can finally start analyzing them. One of the popular ways of technical analysis is trend lines. Drawing trend lines on a forex chart will provide you with very accurate information. Of course you will have to spend some more time learning how to draw trend lines correctly, otherwise your trading experience might go bad! Read more...