LESSON 4: TECHNICAL ANALYSIS
Objectives: If you take this lesson to the end, you will: 1. Understand indicator-based TechnicalAnalysis. 2. Know the best types of indicators to use. 3. Know how to combine indicators. 4. Know how to back test indicators. Forex Indicators These are computer programs that functions to show happenings on a chart. There are many types of indicators for different functions. However, we will be dueling majorly on trend indicators. Choosing Forex Indicators 1. Use good indicators built for Forex. 2. Use Forex indictors that are not too old, because of the dynamic nature of the forex market. 3. Use a combination and settings that works in harmony. TRADING SYSTEM This is a system of forex Indicators that serves primarily to detect price movements, measure Trend strength, and show optimal Entry & Exit points (Prices). Our Trading System is made of the following components: 1. The ATR 2...