If possible open a free of cost demo account with your Foreign exchange broker. Using a demo account to trade can be a great means to pick up from the currency markets and practice technical analysis without running the risk of any real cash. You can also use a demo account to test out new trading approaches.
Learn about the double top price chart pattern, a commonly appearing indicator used to establish resistance levels and possible trend reversals….How effective are double tops in spotting a change in the overall trend?
Feeling is not part of a currency trading technique, so do not let fear, greed, or hope determine your trades. Follow your strategy, not your feelings. Trading with your feelings constantly leads you astray and is not part of a successful foreign exchange trading technique for making a great deal of money.
Check more on chart patterns
- posts by tony caldaro – the ELLIOTT WAVE lives on – WordPress.com
- Reversal Patterns – Double Top and Double Bottom
- Basic and Advanced Chart patterns – FXStreet
- These Three Charts Should Terrify Precious Metals Investors – Forbes
- The Chart That Toppled San Diego’s Long-Term Transportation Plan – CityLab