How to Learn Technical Analysis with DailyFX is the first book I bought with the intent of learning Forex and entering the profitable market. This book was one of the first beginner’s guides to trading Forex, so it really paid off. The author, Marcus Leary, has a degree in computer science and a few years of trading and investing. He knows what he is talking about. His knowledge on technical analysis is simply amazing.
With this knowledge of market behavior you can make good trades, even if you know next to nothing about the underlying economics. The beauty of using Technical Analysis is that it gives you an edge over the markets. Forex is very complex. It has many moving parts and constantly in a state of flux. This forces all traders to stay on top of all of them. You can use Forex to make profits, but only if you are able to see the bigger picture, understand how the market works, and apply sound analysis.
How to Learn Technical Analysis with DailyFX does just that. It explains each technical analysis method in easy to understand detail. It explains what patterns to look for, what indicators to watch for and how to interpret the results. After reading this book I felt like a whole new trader. I knew what all the terms meant and how they changed the price of the currency.
The reason why I like it so much is that it is not hype. It’s just plain old solid facts. It’s not just another useless little book that sounds interesting by reading it. It actually works. It has helped me turn a profit several times and has even gotten me into some pretty bad losing trades, but none of it was “he said, she said” or “it works this way”.
What impressed me the most was the simplicity of the approach. It isn’t difficult to read, understand, and put into action. It’s a great “take it and run” type of system. You only need a good price chart and a few hours to learn it.
One thing that I like about it is that it makes trading seem fun again. The whole point is knowing when to jump in and out of the market and pick up a few points at a time. That doesn’t sound like it would be very exciting, but it is. When I’m trading, I’m usually hoping for a reversal or a move of a currency, so I can get in on the ground floor, pick my profits, and make a bunch of money. This is how you make it happen.
So many courses are either too complicated or boring, and while learning technical analysis with Dailyfx is no exception, I have to say that it’s a fantastic product. It’s free and the information you pick up is very simple to understand. I’ve made more than 8 times on my money using the system, and I don’t think that is possible. The learning curve is short, and the reward for doing it is so high.
If you’re trading, then you need to learn technical analysis with DailyFX. You’ll be glad that you did. Your next trade could mean the difference between making a profit and losing a fortune. You owe it to yourself to give it a try.
Once you start trading with the program, you’ll wonder why you never tried it before. I know I didn’t. The price was high, and I’m no technical trader. So this was the perfect chance for me. I’m glad that I did.
The first thing that you’ll do when you start your Forex day is load up your trading platform. It’s a fantastic tool and really makes your life a lot easier. From setting parameters, to actually entering trades, all of the work is done for you. Really, there’s not much to it. You should be able to get started with a demo account within an hour, and become a very profitable trader without any prior knowledge of technical analysis.
If you want to learn technical analysis with Dailyfx, take advantage of this great opportunity. There is no better way to prepare yourself for the big time. I highly recommend giving it a try.