How to draw Trend lines

It takes at least two tops or 
bottoms to draw a valid trend 
line but it takes THREE to confirm a trend line. 
The STEEPER the trend line you draw,
 the less reliable 
it is going to be and the more
 likely it will break.

Like horizontal support and
 resistance levels, 
trend lines 
become stronger
 the more times they are tested. 
And most importantly, 
DO NOT EVER draw trend lines 
by forcing them to fit the market. 
If they do not fit right, 
then that trend line isn’t a valid one. 
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What is forex??

Forex stands for foreign exchange, which is
exchanging one currency for another.
 It is the largest financial market in the world.
 Compared to the $74 billion day trading on the
New York exchange, the forex market has an
enormous day trade of 5.5 trillion Dollars.
 When trading Forex, You buy and sell currency
 Assuming you are America visiting Japan, you
have traded the Dollar for the Yen.
 Buying a currency is like buying a share in a
country, The price of the currency, is a direct
reflection of what the markets think of the future
health of that economy.

Support and resistance

Support and Resistance levels represent key price levels where
the forces of supply and demand meet.
 In the forex market, the prices are driven by supply and
demand.
 If there is an oversupply, prices will go down
 If there is a demand, price will go up.
Support & Resistance

#NB: Demand is synonymous with Bulls (buyers) and supply is
synonymous with Bears(sellers).

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Giyani, Limpopo, South Africa

Technical Analysis

Technical analysis is based on chart interpretation. Technical traders are looking for the charts to show very clear setups. Once a setup appears, the trader is then able  to precisely determine the entry, stop loss, and take profit prices.  This is the biggest practical difference between the two styles: fundamental trading is more free flowing; technical trading is more accurate and specific.

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