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FREE EXPERT-4X ONLINE FOREX TRADING COURSE AND NOTES:
Disclaimer:-The information on online Forex trading presented on this website should not be regarded as forex or currency trading advice. Currency trading and fx trading is highly speculative and
should only be done with risk capital. Foreign Exchange prices rise and fall and past performance from currency trades is no assurance of future performance. This online forex trading website is a
currency trading information website only. Accordingly, we make no warranties or guarantees with respect to the correctness or validity of its content. Forex traders making use of the online currency
trading information presented do so at their own risk. The information provided herein does not take into account their forex investing objectives, financial situation or needs of any particular person.
This site is not intended to by used as the only source of currency trading information or forex education. It is important and assumed that traders use sound trading principles when using the online
forex trading information on this currency trading site. This includes trading common sense, sound money and risk management and full personal ownership of any trading decisions. Investors should
obtain individual financial advice based on their own particular circumstances before making any foreign currency investment decision.

Identifying Price Patterns when Online Forex Trading

Online Forex traders often use price patterns to confirm the energy buildup in certain price
movements. Price patterns can be of a reversal or continuation nature and an experienced eye is
required to identify them.

The 1st element a traders needs is to know all the reversal and continuation price patterns and then
to find them on the trading charts. Below are some tips.

Identifying Price Patterns

When trading using candle sticks or bar chart it is sometimes difficult to identify price patterns.  A good
system to overcome this is to first set the chart to a line graph setting. This will make the identification
of price patterns easier. Once a price pattern is identified draw the relevant lines on the line graph.
The reset the graph to bar or candles and refine the lines drawn using the highs and lows of the bars
or candles.     

Using momentum indicators to identify price patterns

Another way of identifying price patterns when using candle or bar graphs is to use a momentum
indicator. The momentum indicator smoothes the pattern and gives it a momentum bias which is
quite reliable.
Training Menu
This trading course is intended to
be used in conjunction with our
Forex Trade of the day site
www.forextradeoftheday.com
which takes strategies and
concepts from this course and
applies them to day to day
trading. Also visit our
www.Expert-4x.com site for more
information
We hope that you find these notes useful and informative. If you have an queries or want to contribute your views to the content of these
note please use the contact us facility on this site. We welcome any exchange that will enhance your Forex trading.