Sequence of Analysis

1. Let the market stretch
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily

Saturday, December 27, 2008

Where to find forex information website?

1. Investopedia - This is encyclopedia for forex trading, stocks, and other investment related articles. It provides you the basic information and relevant terminology of currency trading such as pips, overbought, trend, technical indicators, technical analysis, fundamental analysis, forex definition, etc. Article mostly written by experience professional in forex, stocks, and investment pundits

2. FXStreet - Providing daily technical and fundamental analysis, live chart, currency rates, and economic calenders, forex community forums, broker selection guide, up-to-date forex news.

3. Mataf - Hedging information, currency correlation charts, news, forex forum, technical analysis

4. XE Currency Exchange - Exchange rates website, currency converter tool,

5. ForexTV - Technical Analysis, Fundamental analysis, Forex Video News, Economic Calender, forex live chart

6. Forex Factory - The largest forex forum on the internet and also featuring the best economic calender for daily traders. Newbie or beginner traders should participate in the forum to gain initial knowledge from experience and other enthusiastic beginners.

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