Technical analysis is the basis of analysis for the normal stores

Of the things that you tend to learn is that department stores normal, which deals in buying and selling currencies on the basis of quick transactions begin and end on the same day mostly interested in technical analysis more analysis of news, follows the news and economic data on the exchange rate may be misleading a bit.Has made a good U.S. economic data without the dollar to rise if the general situation leaning against the dollar.In fact, the direct effect, which notice the normal stores of economic data on exchange rates is the psychological impact of the data more than the substantive effect, which may require a long period of time until the start, is still emerging.Some say: "Any important news .. news is a reflection of market sentiment."And often difficult to estimate this effect, but sometimes difficult to understand.Does that mean it is the neglect of economic data and news altogether?Of course not .. You can not be neglected but must be prior knowledge of the most important economic data that will be issued every day and through practice and experience will be able to appreciate the news that interests you the news that the accused you of knowledge, and will help you a lot reading the economic analysis on the shortcut, which issued a lot of sites, many of the websites publishes analysis economic brief on a daily basis and sometimes more than once per day such as this analysis, written by economists will catch your eye the most important economic data and news that will be issued in this day and have the expected effect.You can read this analysis by going directly to these sites or to participate in these locations Subscribe to this analysis are sent to your email as a message daily newsletter Newsletter In most cases, the sites to participate in this blog.Do not fear any thing .. These brief, written analysis to understand the average person and some of the training session you will be able to read and understand the issue will not take you only a few minutes a day.How else can combine technical analysis and news analysis?This is important Sttalmha through practice and experience, and give you an example:Let us suppose that you and through your analysis technical chart the movement of the euro against the dollar reached the price of the euro will rise after reaching a particular price, but you know that it will be released economic data important after half an hour, for example, you'd better wait for the issuance of this data before you buy the euro to see the impact of these data on the price of the euro first. As a result of this data may decide to direct more confidence to buy the euro may find it better to wait more or even cancel the purchase decision totally.This question is difficult to give as we have fixed the rules, but it is a question based on experience and practice.U.S. economic data is the most importantAs mentioned, all major economies publishes economic data pertaining to each of them, but you will notice immediately that the most important economic data and the most impact on the currency is the U.S. economic data, because the U.S. economy is the largest economy in the world, and that the U.S. currency is the common currency between the All currencies which handles stores.Vsdor good U.S. economic data could lead to the high price of the dollar against all other currencies and vice versa in the case of bad data, and economic data from France and Germany it is most likely not affect only the price of the euro against the dollar.And often makes economic data for European countries without causing a significant impact on exchange rates in contrast to U.S. data.It is important to pay U.S. data - which often issued at 8 am EST (EST) - is particularly important, without ignoring other data.A final word in this partYour reading and understanding of Part III of this topic have become able to read the charts of three kinds of exchange rates Main and able to understand these fees and access to the information you are interested in. Once you take a look at the graph.Has also become so familiar with the concepts of analysis of the chart and the foundations of this analysis in terms of knowing the general trend of price movement - Mel Price trend - and to identify support and resistance points on the graph.Has also become know anything about the patterns and indicators and their importance in the analysis of price movements. This is in addition to knowing the most important economic data that clearly influenced the movement of the currency and the impact of these data both positively and negatively on the price of the currency.We have stated from the outset that the information in this topic on the analysis of the movement of prices of both types of technical and news you can not out-sufficiency, the primary purpose of this subject is to pave the way for you to engage in this exciting field.The information contained herein is to help you get an idea of ​​what price analysis and pave for you and help you to go into more theoretical knowledge from books and websites that Snrushdk it.But you have to learn that the basis for mastery of price analysis and thus the accuracy of predicted price movement depends on the question of practice is essential and this is what comes from the expertise and experience that you must not hesitate to do whenever you get the chance.Do not wait to read everything about technical analysis until you start to exercise analysis .. If you do you will not finish reading!!There are lots and lots of books, articles, magazines and niche sites to explain, interpret and promote the theories and principles of the new and old, in technical analysis.Do not wait ..!!But start as soon as you finish reading this chapter to open the program graphs and try to apply what I learned in this chapter.Read the chart for each currency and in any time frame .. See how moving candles and bars when approaching the points of support and resistance .. Try to make the sign of the exchange rate and see the result of this expectation .. Take notes .. see how prices are affected by currency after the issuance of various economic data .. Repeat this action continuously and make him the challenge is not without its fun ..Do not be afraid to practice and experience .. Do everything and do not hesitate to apply what you learn and read on the subject.The important thing is practice, because it is that gives you the experience that can not be one that gives them.And through you all this Sign see more of and the depth of your knowledge gradually.Let it simple Keep it simpleIt is famous advice related to technical analysis.Yes, do not complicate matters!! It is not a condition that depends on dozens of indicators, and all concepts of technical analysis in order to be successful, but the opposite is true.There are a lot of experienced traders with higher success does not depend only on the index or two on the points of resistance and support in their expectations of price movements and expectations are often successful.It is not what is important is the large number of indicators and principles that are taken in the analysis, but the important thing is to engage in a timely manner and get out in time.Sometimes when you take a lot of concepts and indicators, it gives you mixed signals .. May indicate that some of you to sell, while the other indicates that you buy!! This will cause you a lot of confusion and uncertainty.We wanted to tell you so do not rush to understand all the theories and principles used in the analysis of price movement, but what you should do first is concerned with practice and practice what you learn.The experience and then the theoretical knowledge is the key to mastering the technical analysis of price movement.Remember, the Bank and the amount of time and effort that granted in the exercise of technical analysis and learn as much precision that will reach them in predicting the direction of movement of exchange ratesWhat this means of successful transactions may be translated in the form of financial profit is enormous.