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Pattern recognition is based on carefully tested methods and can help you calculate where to enter as well as set stop-loss orders and profit targets for your trades.
Our ebook examines the primary indicators of a trend, and explores support and resistance chart levels, including practical rules and trading strategies you can utilise around this area.
We also look at using technical analysis in a sideways trend or range, and run through a detailed example of how this could work in practice, as well as pinpointing other chart patterns to look for.
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Disclaimer: Trading in financial products carries risk. Trading in leveraged Over-The-Counter (OTC) Derivative products (including Contracts for Difference (CFDs) and spot foreign exchange contracts) involves a significant risk of loss which can exceed deposits and may not be suitable for all investors. OTC Derivative products / CFDs are complex financial instruments that do not confer any claim or right to the underlying financial instrument. Transactions in these instruments are very risky, and you should trade only with the capital you can afford to lose. Before deciding to trade on these products, you should consider your investment objectives, risk tolerance and your level of experience. Accordingly, you should ensure that you understand the risks involved and seek independent advice from professionals, if necessary.
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