Why is chart reading so popular in FX?
Another popular strategy for picking trades is technical analysis, or chart reading, where traders use charts to assess buying and selling interest in the market. Charts provide a visual way to spot trends and ranges, and to find good entry and exit prices. Hundreds of thousands of currency traders use charts to spot levels at which to enter and exit the markets-and in doing so, make these technical levels even more significant! Since technicals are self-fulfilling and not difficult to learn, they have become even more popular. View Charts Where can I learn more? You don’t have to be an economic genius to trade currencies! Many traders begin to take advantage of opportunities in the FX market by learning how to read charts and following major news developments for the currencies that they trade. The easiest way to start learning is to download a practice currency trading account and making trades. View Currency News Test out your skills with a free practice trading account! With a free
