Saturday, September 17, 2016

About Trendlines and Their Importance in Technical Analysis

Many newbie traders and some more experienced ones don’t realize how important trendlines are in technical analysis and how one can use them to improve their trading skills.

I know from personal experience that the moment I learned to draw the correct trendlines the chart essentially started “talking” to me in a clear language.

Unfortunately, many technical analysts often somewhat ignore trendlines and count more on indicators, candlesticks, waves and other approaches that can complicate a trader’s understanding of the logic of the forex market.

In the next few posts I will try to show how trading can be made easier by knowing how to draw the correct trendlines on every given chart and how much can all traders learn from them regardless of their level of experience.