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    Advanced Technical Analysis For Forex
    Advanced Technical Analysis For Forex
    Advanced Technical Analysis For Forex
    Ebook64 pages41 minutes

    Advanced Technical Analysis For Forex

    By Wayne Walker

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    About this ebook

    In Advanced Technical Analysis for Forex, we continue our journey to acquire a broader and deeper understanding of technical analysis for forex. The emphasis is on practical applications. You will learn advanced technical analysis indicators that can increase your money making ability. The results from past students and readers confirms their effectiveness.


    The book includes:


    - Step-by-step guide to understanding and advanced technical analysis indicators
    - Strategic trading tactics to use with your expanded knowledge of technical analysis
    - Trader psychology
    - Price Patterns
    - Using Multiple Time Frames

    LanguageEnglish
    PublisherPublishdrive
    Release dateDec 30, 2017
    ISBN9781386726999
    Advanced Technical Analysis For Forex
    Author

    Wayne Walker

    Wayne is known for the success that his students and readers of his books have. He is a trader trainer, coach and entrepreneur in demand. From his base in Copenhagen, this demand has led to trader training & speaking engagements in the United States, China, Jamaica, Norway, United Kingdom, Sweden, etc. Prior to Europe, he was based in New York City. His books are used to teach some of the world's brightest for ex. at Copenhagen Business School & Nanjing University. He is also a guest columnist to several financial magazines, for example CryptoCoin.news and in Spanish at Estrategias de Inversión. He has held several positions in investment banking including: Regional Manager for teams of Investment Advisors servicing North America & Middle East Regions (based in Denmark and London), Training Consultant to financial institutions. He also headed the Trader Training program at a leading investment bank. 

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      Book preview

      Advanced Technical Analysis For Forex - Wayne Walker

      herein.

      Table of Contents

      Introduction

      Chapter 1: Charting Essentials

      Chapter 2: Technical Indicators

      Chapter 3: Oscillating Indicators

      Chapter 4: Fibonacci Analysis

      Chapter 5: Price Patterns

      Chapter 6: Using Multiple Time Frames

      Chapter 7: High-Probability Trade Setup

      Chapter 8: Intermarket Relationships

      Chapter 9: Fundamental Analysis Essentials

      Chapter 10: Trading Psychology

      Conclusion

      Profile of the Author

      Introduction

      CONGRATULATIONS ON your personal copy of Advanced Technical Analysis for Forex. We continue our journey from the first book to acquire a broader and deeper understanding of technical analysis for forex. The emphasis remains on practical applications. You will be introduced to new strategies along with the know-how on how to apply them. We will also examine more advanced technical analysis indicators that can increase your money making ability.

      The final chapters cover advanced fundamental analysis and the often overlooked area of trader psychology. These sections are a bonus to traders of all types. Thanks for choosing this book!

      Chapter 1: Charting Essentials

      CHARTING ESSENTIALS

      Charts are a forex trader's best tool. As a trader, you will most likely use your charts more than any other available tool. Since your charts will play such a large role in your trading, it is important that you become familiar with them. The more comfortable you are with your charts, the easier it will be to become a profitable forex trader.

      To help you become acquainted with charts and how you can effectively use them, we will cover the following concepts: chart setup, chart timeframes, chart types. We will also cover the useful technical indicators you can add to your charts to improve your trading results in the later chapters. We will begin with some base concepts to quickly prep you for more advanced content later.

      Chart Setup

      Let us start from the base and take a look at how a forex price chart is put together. Once you understand the basics, you will find it easier to apply the more advanced concepts to your technical analysis. Forex price charts are built on two axes: the X axis (horizontal axis) and the Y axis (vertical axis).

      THE X AXIS RUNS HORIZONTALLY along the bottom of the chart providing a timeline for everything that has happened on the chart. The most recent price action is shown on the right side of the chart.

      The Y axis runs vertically along the right side of the chart providing a price scale for the price movement on the chart. Lower prices are shown toward the bottom of the chart and the higher prices are shown toward the top of the chart.

      When you combine the two axes together, you can see at what price a currency pair was trading at a particular time in the past.

      CHART TYPES

      Forex charts give you the ability to analyze the price movement of a currency pair in various formats, from bar charts to candlestick charts. You have the option to select which format is best for you.

      Technical analysis is a skill that traders develop, and different traders like to practice their art on different types of charts. Some traders believe they can see and analyze support and resistance levels better on a line chart while other traders feel they get more information on price movements on a bar or

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