Saturday, February 9, 2013

Basic Forex forecast methods:


In this chapter…
The categories and approaches in Forex Technical Analysis all aim to support the investor in determining his/her views and forecasts regarding the exchange rates of currency pairs. This chapter describes the approaches, methods and tools used to this end. However, this chapter does not intend to provide a comprehensive and/or professional level of knowledge and skill, but rather let the reader become familiar with the terms and tools used by technical analysts.
As there are many ways to categorize the tools available, the description of tools in this chapter may sometimes seem repetitive. The sections in this chapter are:
[6.1] Technical Analysis: background, advantages, disadvantages;
[6.2] Various techniques and terms;
[6.3] Charts and diagrams;
[6.4] Technical Analysis categories / approaches:
a. Price indicators;
b. Number theory;
c. Waves;
d. Gaps;
e. Trends;
[6.5] Some other popular tools.
[6.6] Another way to categorize Technical Indicators.

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