The Foreign Exchange market, also referred to as the "FOREX" is the biggest and largest financial market in the world. It has a daily average turnover of US$1.9 trillion- just imagine that amount of money! Don't you want to join this trillion-dollar industry? FOREX is the simultaneous buying of one currency and selling of another. Currencies are traded in pairs, for example Euro/US Dollar (EUR/USD)...

Forex Charting Lesson: Chapter 1 - Introduction

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We made our Technical Analysis lessons as simple as possible for easy understanding. There will be as much graphs and step by step guide as possible. We believe that the basic is the most important step to understanding TA - with these basics, you can move on to read some of the more advanced books in the market. But what we can say is that - you do not need to. With the basics + your own experience = You can develop your own set of proven tools. Lets start with Chapter One.

Technical Analysis and Art or Science? It started more as an art and has became more scientific due to rapid development in computer technologies. It will remain an art with greater scientific underpinning.

Technical Analysis (TA) Vs Fundamental Analysis (FA) FA = Gives the causes of price movement TA = Studies the effects of price movement

TA and FA are mutually supportive in the long-term but when it comes to short-term theres usually conflicts. FA tends to be economic in nature and will not be able to forecast non-economic events such as political and other crises which often move financial markets. Forex Charting Lesson: Chapter 1 - Introduction

Guidelines in using Technical Analysis - TA is based on evidence, not logical. - TA is based on probabilities and same as HYIP investment - theres no gurantee. - Do not have the ONE tool mentality. TA is able using a combination of the tools available. - When a tool/technique is proven to be successful, try to use it more often and improve it.

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About the author:

Netrepreneur who make his money from the internet. Ranging from HYIPs, forex trading, google adsenses, google adword, affiliate programs, sport bettings, gambling and other make money online opportunities. Visit http://hyipfarm.com/blog for the lastest FREE tips.

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