The information and content on this website assumes that the reader has a basic understanding of trading concepts such as support and resistance, Fibonacci retracements, moving averages and candlestick charts. However, if you are a complete beginner and a newcomer to the world of technical trading then we recommend the following resources.
The babypips website is a beginner’s guide to Forex trading. Their ‘School of Pipsology’ is a free comprehensive online course that explains all the basics of Forex trading and includes a glossary of trading terminology.
Although the main focus of the website is Forex trading, it’s a really good place to start and when working through the course we suggest you pay particular attention to the Elementary School and Middle School (Grade 7: Important Chart Patterns) sections.
- Support and Resistance
- Fibonacci Retracement
- 21 Period Exponential Moving Average