| If you are looking for simple ways to increase your | | | | The theory suggests that once the price passes a |
| Forex trading profit, then you should continue reading | | | | resistance level, that particular level will turn into |
| this article. In this article, we will cover 3 simple Forex | | | | support level. By applying this theory and using the |
| trading techniques - candlestick analysis, support and | | | | fibonacci sequence (retracment and extension level), |
| resistance theory and looking at the historical trend. | | | | you will be able to make the right decision to go long |
| After reading this article, you should be able to | | | | or so short at the best price. |
| skyrocket your profit by several folds. | | | | Other than the Forex trading techniques above, it is |
| The first Forex analysis technique that you need to | | | | vital that you look back and check the historical trend |
| know is candlestick analysis. The Japanese candlestick | | | | of the currency pair. By looking at the historical trend |
| is very important in determining the current | | | | of the currency pair and by using moving average |
| competition between the buyers and sellers, and | | | | curve, you should be able to predict the long term |
| which side is gaining the upperhand. A standard | | | | price. The prediction can be improved by using a |
| Japanese candlestick chart consists of 2 kinds of | | | | Forex prediction software that can help you to |
| candlestick - hollow and real body. The upper shadow | | | | analyze the data more accurately. |
| of the body is the high price and the lower shadow is | | | | In conclusion, by combining the first 2 Forex trading |
| the low price. By referring to specific Japanese | | | | techniques to gain short term profit and using the |
| candlestick indicators such as doji, handman, shooting | | | | third technique to search for possible long term |
| star et cetera, you will be able to understand the | | | | profit, you should be able to skyrocket your Forex |
| current market situation, thus able to make the | | | | trading profit easily. Remember, it is easy to win in |
| correct decision to reap short/long term benefit. | | | | Forex market, but you will need to be smart and |
| Another Forex trading technique that you should | | | | have great technical skill. |
| learn is applying the support and resistance theory. | | | | |