Forex for beginners

Mankind is irrepressible in its own desire for enrichment. Some earn finances by hard work in factories and enterprises, but the other is clearer than the path of the trader - the "soldier of fortune", who receives income on the world currency swings. Work on the exchange is becoming very relevant, however, unfortunately, not many beginners manage to quickly accumulate capital. The fact is that at the start-up period it is very important to study and do it at the same time, using proven sources, such as the authoritative forex blog for novice traders.
If you are just starting your long journey on Forex, you should analyze in detail all tactical strategies, tools, techniques. Yes, of course, as a result, every trader chooses the only strategy closest to him, forming an individual "style", but in order to make a choice it is necessary to understand the variety of prospects available. You should also remember about the fundamental study of what is happening in the world. Here will help the calendar of events Forex. The main advantage of such a calender is that it allows you to predict the dependence of currency fluctuations on any events.
The peculiarity of this form of study is that, information is presented by specialists, those who independently passed many difficulties and were able to achieve success. What is the leverage, what kind of Forex figures need to be used to carry out high-quality technological research - such problems are revealed in the blog articles on the currency exchange. The neophytes should devote special attention to the study of the figures of technological analysis of the market. So, the most common Forex figures are: a head in the shoulder, a saucer, a double top, a zigzag, a triangle, a diamond, a flag, a top, a wedge, a double bottom. Figures outline the behavior of the exchange for a specific time period. In the context of the figures, it is impossible to miss such an important element as the Fibonacci levels, the most famous technical indicator of the Forex exchange. The so-called Fibonacci extension enables traders to determine the behavior of the stock exchange in the near future in order to make the most profitable transaction. Unlike the Fibonacci retracement levels, which can reflect the height of the cost, there is such a tool as the Fibonacci extension, which is built by two fibre-grid and demonstrates the most likely trend direction, that is, subsequent goals.