Level 2 · Read the chart
Technical analysis without the hype: support and resistance, trendlines, moving averages, RSI, MACD, Bollinger Bands, Fibonacci, candlestick and chart patterns, risk/reward and trading psychology.
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Learn what technical analysis is, how forex traders read price charts, why timeframes matter and what indicators can and cannot tell you.
4 min read
Learn how to identify support and resistance zones on forex charts, why broken levels can flip roles, and how to plan stops and targets around them.
4 min read
Learn how to draw forex trendlines and channels, judge whether a trendline is valid, and use breaks of trend carefully without treating them as certain.
4 min read
Understand simple and exponential moving averages, how they are calculated, how traders use crossovers and dynamic support, and why they always lag price.
3 min read
Learn how the Relative Strength Index is calculated with Wilder's 14-period smoothing, what overbought and oversold really mean, and how to read divergence.
4 min read
Learn how MACD is built from 12- and 26-period EMAs with a 9-period signal line, how to read the histogram, crossovers and divergence, and where it falls short.
3 min read
Learn how Bollinger Bands use a 20-period SMA plus and minus two standard deviations, what squeezes and band walks show, and why a band touch is not a signal.
4 min read
Learn how to draw Fibonacci retracement levels (23.6%, 38.2%, 50%, 61.8%, 78.6%), calculate them by hand, and why they are zones of interest, not guarantees.
4 min read
Learn how to read forex candlesticks and common patterns such as the doji, hammer, shooting star and engulfing, plus how context changes what they mean.
4 min read
Learn the main forex chart patterns, including head and shoulders, double tops, triangles and flags, how measured-move targets work and why patterns fail.
4 min read
Learn how to calculate the risk-reward ratio of a forex trade, how it links to the win rate you need to break even, and why a high ratio alone is not enough.
4 min read
Learn how fear, greed, overconfidence and revenge trading affect forex decisions, and practical habits such as fixed risk rules and journaling that help.
4 min read
What forex is, how currency pairs are quoted, and the core mechanics every trader must understand: pips, lots, leverage, margin, spreads, orders and basic risk management.
What moves currencies over months and years: interest rates, central bank policy, inflation, GDP, employment data, correlation, volatility, liquidity and portfolio-level risk.