To achieve success in Forex, you must become an astute observer. Download a free charting platform and take notes each day on the patterns and the constants you discover. In the beginning you will see just candles making mountains and valleys on the chart, with no further meaning, but with time and persistence, patterns will start to emerge and you will be able to pick up behavior constants from the charts. Start focusing on one or two pairs only, and don't let that too much information overflows you. To trade for a living you won't need to trade with 10 pairs at once. In fact, many professional traders specialize in only one or two currency pairs. Read more
REPORT: You Sure You Are Looking At Charts Properly? - Sam Seiden
VIDEO: ABC 3: How to read a chart? Technical and Fundamental analysis - Valeria Bednarik
VIDEO: The Secret of Chart Patterns - Chapter 1 - Dean Malone
BOOK: Trade Chart Patterns Like the Pros - Suri Duddella
Do you want to learn more?
Forex Rates and ChartsREPORT: You Sure You Are Looking At Charts Properly? - Sam Seiden
VIDEO: ABC 3: How to read a chart? Technical and Fundamental analysis - Valeria Bednarik
VIDEO: The Secret of Chart Patterns - Chapter 1 - Dean Malone
BOOK: Trade Chart Patterns Like the Pros - Suri Duddella
Editors’ Picks
EUR/USD jitters post-Fed with NFP Friday over the horizon
EUR/USD cycled familiar territory on Wednesday after the US Federal Reserve held rates as many investors had expected. However, market participants were hoping for further signs of impending rate cuts from the US central bank.
GBP/USD rises above 1.2500 on weaker Dollar
The resumption of the upward pressure sends GBP/USD back above 1.2500 the figure in response to increasing selling pressure hurting the Greenback.
USD/JPY holds rebound near 156.00 after probable Japan's intervention-led crash
USD/JPY consolidates the rebound near 156.00, having lost nearly 450 pips in some minutes after the Japanese Yen rallied hard on another suspected Japan FX market intervention in the late American session on Wednesday.
Editors’ Picks
AUD/USD eases toward 0.6500 after mixed Australian trade data
AUD/USD is seeing some fresh selling interest in the Asian session on Thursday, following the release of mixed Australian trade data. The pair has stalled its recovery mode, as the US Dollar attempts a bounce after the Fed-led sell-off.
USD/JPY holds rebound near 156.00 after probable Japan's intervention-led crash
USD/JPY consolidates the rebound near 156.00, having lost nearly 450 pips in some minutes after the Japanese Yen rallied hard on another suspected Japan FX market intervention in the late American session on Wednesday.
Gold price stalls rebound below $2,330 as US Dollar recovers
Gold price is holding the rebound below $2,330 in Asian trading on Thursday, as the US Dollar recovers in sync with the USD/JPY pair and the US Treasury bond yields, in the aftermath of the Fed decision and the likely Japanese FX intervention.
Top 3 Price Prediction BTC, ETH, XRP: Altcoins to pump once BTC bottoms out, slow grind up for now
Bitcoin reclaiming above $59,200 would hint that BTC has already bottomed out, setting the tone for a run north. Ethereum holding above $2,900 keeps a bullish reversal pattern viable despite falling momentum. Ripple coils up for a move north as XRP bulls defend $0.5000.
The FOMC whipsaw and more Yen intervention in focus
Market participants clung to every word uttered by Chair Powell as risk assets whipped around in a frenetic fashion during the afternoon US trading session.
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