Technical Analysis

Technical analysis is built on three essential principles: 1. Market action discounts everything! This means that the actual price is a reflection of everything that is known to the market that could affect it, for example, supply and demand, political factors and market sentiment. However, the pure technical analyst is only concerned with price movements, not with the reasons for any changes. 2. Prices move in trends Technical analysis is used to identify patterns of market behaviour that have long been recognized as significant. For many given patterns there is a high probability that they will produce the expected results. [...]

Welcome to The Book on Forex Trading Blog

Welcome everyone. I’ll do my best to keep the blog regularly updated with good, interesting, relevant and useable content. There may be times when I miss a few posts so please forgive me in advance.  I’m probably trading, teaching (or just being plain lazy!) during those times. Why Did I Write The Book on Forex Trading? Well, I can tell you it was not for the money! Very few authors make back their initial investment in blood, sweat, tears, time and money. I had seven years of full-time Forex trading experience bottled up inside of me waiting to get out. [...]