Learn to Trade The Technicals

There are three schools of thought when it comes to trading the markets - fundamental analysis, technical analysis or both. Here we discuss the differences between the two and our preferred approach.

Before you start to think about the technical side of trading its absolutely key to start with the fundamentals. Only when you have a clear fundamental direction on a currency pair can you then move to the next stage of looking at the technical picture.

Here we take a quick look at the pro's and con's of technical analysis

A step by step guide to quickly and easily download your technical price charts onto your computer

Here we will show you how to change the appearance of your default MT4 charts to look like ours.

Choosing a broker to live trade through is an important step as a trader but can be confusing at best. In this video we introduce you to a company who will help strip the confusion away and help you to find the best broker for you as an individual. Even if you have a broker whom you are happy and comfortable with, its worth going through this video as it may help you to obtain better trading conditions (lower spreads, commissions, cash back etc...) either with the broker you are with, or a new broker better suited to your individual requirements.

Here we cover the basic elements of a technical price chart including the exchange rate and how it moves, pips, candlesticks and timeframes

Here we look at how the market moves in 'cycles' and how important they are in timing our entry into trades

Here we introduce our 5 main technical analysis clues/tools that we will be using in our analysis, and why.

Here we tackle the first of our five technical clues. We define what horizontal support and resistance is, how to find it on your charts and how to utilise it in your trading. A powerful technical tool which can help us better time our trade entries into the main phase of a fundamentally clear trend.

We have learnt the theory, now its time for the practice. Here we show you how to setup and then draw your horizontal levels onto your individual MT4 price charts. After you have watched the video go and practice finding horizontal levels of support and then use your MT4 horizontal drawing tool to visualise them. The more time you spend practicing, the better you will become at spotting these powerful levels and using them to your trading advantage.

Now we move onto our second technical clue and whilst this sticks closely to our first clue, horizontal support and resistance, it takes us one step further by being able to identify horizontal levels with the most significance in the markets eyes. Here we cover major psychological and round numbers as well as large order levels. Finding the most significant levels of horizontal support and resistance will give us even greater confidence in knowing when to enter a trade, and the highest probability of our trade giving us a positive return.

We have learnt the theory, now its time for the practice. Here we show you how to setup and then draw the most significant of horizontal levels onto your individual MT4 price charts. After you have watched the video go and practice (on your own charts) finding big horizontal levels of support which form on or around significant psychological/round numbers/order levels and then use your MT4 horizontal drawing tool to visualise them. The more time you spend practicing, the better you will become at spotting these powerful levels and using them to your trading advantage.

This is one of our all time favourite technical tools/clues as it helps us mathematically measure the phases of cycles, to help us better decide when one phase is about to end, and the other about to start. Here we focus on using the Fibonacci 'retracement' tool which helps us to measure when phase 2 is about to end and phase 1 about to start so that we can better time our entry into the most powerful phase of a cycle, the one with the fundamental trend.

We have learnt the theory, now its time for the practice. Here we show you how to setup and then draw your Fibonacci retracement levels onto your individual MT4 price charts. After you have watched the video go and practice finding clear cycles and then use your MT4 Fibonacci retracement tool to visualise them. The more time you spend practicing, the better you will become at spotting these powerful levels and using them to your trading advantage.

A very powerful indicator that we can use to judge when a phase 2 counter-trend move is about to end and a continuation of the main trend (phase 1) is about to start. Here we discuss the Stochastic indicator in its 'standard' form - What it is, why its so powerful and how to use it.

Now time to look at the other powerful way we can use our Stochastic indicator - using stochastic 'divergence' as another technique to better determine when a phase 1 move, in line with the trend, is about to begin.

Our final technical clue is looking at raw candlestick price action and the powerful clues they can give us. Here we showcase what kind of candlestick patterns can form and what they mean to us from a directional and timing perspective.

Before we pull the trigger on a trade we need to follow these 4 critical trigger points before doing so.

Here we go through the specific steps needed to execute a BUY trade.

Here we go through the specific steps needed to execute a SELL trade.

Here we look at some factors that would cause you to manually intervene to better manage open positions/trades.

Our risk management ethos towards technical trades is similar to our news based trades but essentially our risk management calculations are different. As such we use this lecture to cover the key differences and how to work out your position size for technical based trades to ensure you are following strict risk management principles at all times and keeping your trading capital well protected.