Coping With Losing Money In The Bear Market

The answer to that question is easy, Money! That is all you are trading in the forex market, cold hard cash, its just in different currencies. Pretty simple right?

The forex market is different from regular financial markets because it has no physical location and no central exchange. The market is run electronically 24 hours a day through a network of banks. This style of market is call Over-the-Counter (OTC), or Interbank because the market is ran throughout major banks across the globe. With no central location to trade from forex trades can take place anywhere in the world, even from your computer!

There is three main types of market analysis that can be applied to pretty much any market. They are Technical Analysis, Fundamental Analysis, and Sentiment Analysis. People argue over which type of analysis is better but in reality they are all needed to get a larger picture of the market.

In this article we will take a quick look at the most popular forex charts to trade from. Each chart has different way to display the price of the market. The top charts include line charts, bar charts, and candlestick charts.

Support and Resistance lines are a key component for many traders. Not every trader will use support and resistance the same way, but the fact is, most people do use them. I personally love when there is a strong signal forming around support or resistance!