Skill Level in Forex Trading (2)

Stage: Fighter

Once you master the basic techniques of stage forex Easy To Fall, then you are considered to graduate from that stage and move to the next stage, which I call: fighter.

Here, you will get a lot more technical information about forex trading and investment. Info-this will certainly help you in investing. However, with much of this technical information, can often make you hesitate in taking the decision because the results of each technique can be different.

That's why I call this stage as: Fighter. Apart from the factors I have mentioned above, you also have to struggle not to drop levels and go back to: Easy To Fall. You must fight to survive well in a highly volatile forex jungle.

What? I'm exaggerating the problem? Not really. I said all of this Because I know! Ignorance of the battlefield is often misleading a general, and know that forex trading is a battlefield. Respect and do not underestimate it.

Techniques that must be acquainted with you in this phase are:

• Understand the variation of forex charting
• Candlestick Chart
• Understand the principle point of support and resistance
• The trend of price movement
• Indications of overbought and Oversell
• Principle of Moving Average (Divergence and Convergence)
• Principle of Relative Strength Index (RSI)
• Understand the stochastic oscillator
• Pivot Point
• Fibbonacci
• Know the Elliot Wave theory

If you notice, pretty much anything that goes into your lesson list. But you do not worry, all the above analysis (the so-called Technical Analysis) is quite easy to learn and understand, even by a layman though. You certainly do not need a PhD to understand it properly.

Maybe when you first read or study it you may not understand, do not back down, try to read it again. Surely you will begin to capture the essence of the technique you are studying it.

(continued) ...