Forex Charts- Learning the Basics and Trading for Success

Forex charts and technical analysis is time efficient, works and will continue to work and here we introduce you to the basics of forex charting and how to win...

Before we start, lets get rid of one of the big forex myths which is - forex charts can predict the future, they can't. That doesn't mean you cant win with them, you can and there huge advantage is:

Human nature is constant and while it cannot be predicted with scientific accuracy, human nature repeats and greed the greed and fear of the participants is reflected in chart action. You can then trade the reality of price change for profit and if you employ robust forex management, you can run your profits and cut your losses.

Forex charts work because price trends are always present and always will be. These trends last for weeks, months or years. By locking into these price trends, you can make big profits. If you are wrong, you simply cut your profits quickly.
The basic logic of technical analysis is:

- Human psychology is constant and shows up in high odds chart formations
- Trends develop and persist
- A trend in motion is more likely to continue than reverse.


Profiting From Forex Charts
Look at any forex chart and you will see this to be true, so how do you turn this theory into profit?

[ForexGen Live Account]

The live/real account is provided to those clients who may have some experience in the online trading.

[Opening an Account Online]

The quickest, easiest and secure way to open a ForexGen trading account is online.
Complete and submit your application online in just a few minutes.

ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. We are dedicated to absolutely provide the best online trading services in the Forex market.

ForexGen provides a unique online trading experience based on our intelligent online Forex trading package, the ForexGen Trading Station, including the best online trading system.