This lesson focuses on the other branch of market analysis - technical analysis. It discusses the ideas of trends, support and resistance, and chart patterns. The lesson goes on to detail some continuation and reversal chart patterns.

7.1 Introduction   Market Price Reflect All Known Information   Chart Patterns   Concept of Trend 7.2 Chart Types   Line Chart   Bar Chart   Candlestick Chart 7.3 Trends   Upward   Downward   Sideways Trends 7.4 Concept of Support and Resistance   Support and Resistance Levels   Trendlines and Trendline Penetrations   Support Turns into Resistance   Channel Line

7.5 Trend Reversal Patterns   Head and Shoulders   Inverse Head and Shoulders 7.6 More Reversal Patterns - Various Tops and Bottoms   Double Top   Double Bottom   Triple Tops and Bottoms   Rounded Tops and Bottoms 7.7 Continuation Patterns   Flags   Rectangles 7.8 More Continuation Patterns   Symmetrical Triangle   Ascending Triangle   Descending Triangle   Wedges

This lesson presents educational information on risk management techniques that a new trader can consider when entering the world of Forex trading. We explain about creating a trading methodology and touch on some aspects of trading psychology.

8.1 Structuring a Plan for Trading   Introduction   Trend Following Traders   Counter Trend Traders   Deciding Which Trading Style One Prefers   Select Trading Tools and Practice 8.2 Risk Management Techniques   Levels of Drawdown   Per Trade Exposure   Example of Calculating Risk and Exposure Per Trade

8.3 Using Exposure Per Trade in Examples   Weathering Noise   Sizing a Position   Sizing a Position 2 8.4 Psychology of Trading   Flexibility in Trading Strategies   Mastering Emotions with a Trading Plan 8.5 A Trader’s Journal   Creating and Maintaining a Trader’s Journal   Recording When One Does Not Follow His or Her Trading Plan