Tips by Monica Hendrix

All successful forex traders need to understand support and resistance and will want to look for valid levels. These are levels that have been tested...
Using technical analysis on forex charts is designed to get the odds in your favor. To trade on those odds you need meaningful data. Do not day trade...
While support and resistance can hold they can obviously break as well and it's a fact that many of the major trends in forex trading take place from...
Tags: forex, timing, trends
So will support or resistance break or hold? You don't know and you should never predict or hope you should use momentum indicators in forex trading....
Don't just use daily charts - use the weekly chart as well to spot the major trends. Remember, trends in currency trading follow economic cycles and...