EFFECTIVE CHART ANALYSIS - TRADE SETUPS

I always say that a clean chart is an easy chart. The less indicators there are, the better it will be to work more effectively and efficiently. So what exactly do you need to use given that there are so many tools and indicators available?

Moving Averages have been around since the beginning of the digital era in forex trading and it is still the most popular way to determine a trend and potential shift in trend change. Apart from this I like to incorporate the Relative Strength Index indicator and finally Trend Lines.

In the end, less is better and the cleaner your charts are the faster you will be able to make a call on placing a profitable trade. With this I am not saying that these are the only good indicators but that they are a rather good combination. There are many other indicators available and I am sure that they too can work well however, watch out to not load too many indicators on your charts that will just create confusion...

​Keep it simple!

Now that you are ready, you can start to look at the very first two chapters that any newbie should work through. You can click on the buttons below to take you to the relevant modules. Good luck!

Sign up to the mailing list

cmtrading01.jpg

DISCLAIMER

All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk.

Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.