Introduction to Forex

Technical analysis - Basic assumptions

• The purpose of a technical analysis is to detect changes, predicting the market's possible behavior.
• Based on his knowledge and experience, a technical analyst can identify major trends and various signs and predict market movements from them
• There are various analysis tools that help traders predict the market's movements and decide when to enter/exit a position (these are taught in Everest Forex's Strategy Presentation)
• Be sure to define profit and loss limits in the beginning of each transaction.
• When trading according to forex technical analysis, we base our decisions on the market's behavior, recognizing emerging patterns and acting accordingly