Just as a Pilot will not fly without his dashboard and navigation equipment so also in Forex Markets the trader will not just jump into a trading day without doing some homework. This is a very serious game about Money and thus it is recommended that a trader spends about 2 hours just going over the Market and looking at his indicators before he tries to do anything whatsoever.
The Forex Market trader's navigational chart is composed of the 4 following.
MACD, Moving Average Convergence Divergence
Pivot Points, ahh ! I just love Pivot PointsTrendlines,
Tom De Marks dynamic trendlines
Time Frames. What time frame are you trading ? 1min, 5min, 15min etc etc
Forex the sure way to financial freedom.
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