Today's Guest Blog post comes courtesy of Kathleen Brooks who is a UK and EMEA research director at Forex.com based in London. She uses both fundamental and technical methods in her analysis. She provides daily research and market updates as well as a weekly webinar on market themes. She is a regular contributor to Yahoo Finance, Reuters Great Debate Blog as well as a host of other international publications. She is often quoted in the global financial press and is a regular contributor on business TV including CNBC, CNBC Arabia, the BBC and Bloomberg. She started her career in finance at BP where she worked first as a business analyst in its trading division and then as a trading analyst in its foreign exchange dealing room. Click here to find out more about Forex.com.
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Navigating your way through the forex market is a bit like trying to find your way out of a deep, dark cave with only a flicker of a match. To get out of the cave you need a torch, and luckily for the retail trader there are figurative torches in the foreign exchange markets too.
One such beacon is technical analysis, which can make life a lot easier. Moving averages, relative strength indicators, Bollinger Bands, Fibonacci retracements, MACD's and Ichimoku Cloud charts are just some of the technical indicators that are widely used in the forex markets as buy and sell signals.
The Simple Moving Average Continue reading "A basic guide to choosing technical indicators"
