2-chome Trader Motii's Super Strong FX Beginner Course | Episode 2: What to Learn First with Technical Analysis

Motty-san's Profile

Hello everyone♪ Following up from last time, this time as well I’ll be doing a potentially useful (maybe) lecture. Oh, first I want to say something: my beginner-friendly courses tend to omit as much as possible the content often found in beginner books, focusing on things you can apply right away, so I don’t include too many basic words or meanings of indicators. There’s a character limit, and it’s once a month. I’d like you to look up the basic things on your own. The same goes for words you don’t understand while reading the article. I’ve put quotation marks around important words just in case you don’t understand them, so please look them up if needed♪

Blog：http://motty-fx.trader.com
Twitter：https://twitter.com/motty_gaytrader

※This article is a reprint/edit from FX攻略.com June 2018 issue. The market information written here is different from the current market, so please be careful.

At first, you don’t have to memorize a lot

Last time I talked about how you should definitely do a demo trade, but simply trading on a demo without a clear purpose won’t lead to progress. Practice while effectively incorporating technical indicators. When you look at a chart, having a certain amount of technical indicators helps you understand it, and you’ll start to be able to read patterns.

However, there are so many types of technical analysis—various combinations, viewpoints, and settings—that once you get hooked, you can get lost and end up tweaking indicators forever! It might be good to keep in mind that “the essence of charts is not indicators.”

First of all, to say it in advance, I think it’s better to keep charts and thinking simple. If you don’t keep it simple, you’re likely to lose sight of the essence. Of course there are many ways to win.

So this time I’ll introduce basic and important technical indicators (＾ω＾)