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Competing in Financial Markets by Philip Cooper

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CHAPTER 3

Technical Analysis

In this chapter, we will discuss the kinds of technical analysis indicators and tools used by forex, stock, and commodity traders all over the globe. We will concentrate on the indicators that are most popular with professional and retail traders alike. By the end of this chapter, you will have gained enough confidence to start trading with success on a live account using your own capital.

All the technical indicators that we will discuss in this book are available on the universal MT4 trading platform by clicking on the “Insert” tab on the main menu and then choosing the menu item “Indicators” in the dropdown menu.

Like many novice forex traders, you will have little success and a lot of losses at the beginning. ...

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