Free E-Book

Free E-Book

Chart Pattern

Understanding charts is the first step for any trader. Charts present market data visually and provide forex traders with quick analytical tools. Therefore, it is important to quickly recognise patterns, recurring and frequent occurrences in charts so that you can react to the market immediately.

  • Identify short/long-term forecasts
  • Capture market sentiment
  • Prepare for unexpected outcomes
  • Determine the entry point

Candlestick

Candlestick is a popular chart type that provides data almost like a bar chart, but with additional colours representing the market direction. When the block in the middle is filled or coloured, the closing price of the currency pair in question is lower than the opening price. If the closing price is higher than the opening price, the block in the middle is white (empty) or not filled.

  • Learn how to read candlesticks
  • Learn more about popular candlesticks
  • Recognise trend reversals immediately
  • Learn about body and shadow and check price

Strategy Building

How can you develop your own formula for success? Developing a strategy can be very challenging for a beginner. The first thing you need to learn is how to do basic technical analysis. Creating a strategy through trial and error comes at a price. Make sure you have everything you need to get started.

  • Who is a forex expert? Should you trust them?
  • How does news affect the market?
  • How to build a trend-based strategy
  • Popular trading methods

Moving Averages

Charts are an indispensable tool for trading in the financial markets. However, as a forex trader, you can never have enough information about the market. In this book, you will learn about a powerful technical indicator called moving averages. There are two common types of moving averages: the simple moving average and the exponential moving average.

  • How to read moving averages
  • Difference between the short moving average and the exponential moving average.
  • How to use the normal moving average
  • How to apply moving averages to the chart

Pivot Point

Pivot points are basis points that represent the average of the opening, high, low and closing prices in a given time frame. Traders mainly use pivot points to calculate alternative support and resistance levels, similar to trendline analysis.

  • Learn more about pivot points
  • Identify pivot points on the chart
  • Learn how to use pivot points
  • Form counter strategies based on pivot points

Reversal Patterns

The ability to identify the exact moment of a market reversal is invaluable. Therefore, traders often look for signs or patterns on trading charts to predict when such a trend reversal might occur. Some important signs or patterns can provide such insight, and this e-book covers these signs or patterns.

  • How to spot a trend reversal
  • Important trend reversal patterns
  • Momentum loss & momentum gain
  • Decide on an entry point