Forex Technical Analysis or chart analysis is a process of forecasting price movements by analyzing market data like, historical price trends, volumes, open interest, and so on. Forex Technical analysis is based on the principal of 'history repeats itself'; however, it does not result in absolute predictions about the future.
Instead, observations made through Forex chart analysis will help Forex traders and investors predict and anticipate what is likely to happen to prices over a period of time.
Before this jargon makes you nervous and you develop cold feet, let me assure you that anybody can learn how to day trade in Forex. You would be quite surprised to see the kind of people who make a living, forex trading the market. I am the biggest example I know.
Till about 7 or 8 years back I had no clue about Forex. But over time I learnt the skill and now can confidently say that I am making a better than decent living as a forex trader and enjoy the challenges and comforts of forex Forex trading immensely. I trade in the cafes, on holidays, on the mountains and absolutely whenever and wherever inspiration strikes!
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