Day 5: Basic Technical Analysis

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	Day 5: Basic Technical Analysis Lesson 5 A basic definition of technical analysis is "a study of price action (charts) in order to forecast future price action." Those that apply technical analysis assume a few things: markets trend and history repeats itself. Trend is an important concept because many technical approaches rely on identifying a trend and trading in the direction of that trend. "History repeats itself" is another way of saying that the same patterns occur over time, and that these same patterns indicate either bullishness or bearishness. Continue Reading Lesson 5   Did you know... You can start trading forex with as little as $25 with FXCM Micro - XE's preferred broker. Plus, when you open an FXCM Micro Account, you're offered super low spreads, free trading tools & educational resources, and flexible leverage* capability. Credit card funding makes the account opening process very fast and easy. Online Micro Application   We look forward to hearing from you. Best regards, XE in cooperation with FXCM Financial Square 32 Old Slip, 10th Floor New York, NY 10005 1-888-50-FOREX (36739) xe@fxcm.com www.xe.com/currencytrading · www.fxcm.com
	XE Currency Trading | xe@fxcm.com | Contact FXCM Financial Square, 32 Old Slip, 10th Floor, New York, NY 10005

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