What are forex chart patterns?

Forex chart patterns are patterns in historical price data that can indicate when there is a greater probability of one thing happening over another. Many people believe that prices evolve randomly and that there is no way to predict the future. Those who subscribe to this hypothesis avoid trading and invest in index funds.

Why is chart patterns analysis important in forex trading?

One of the most important skills for successful trading is Forex chart patterns analysis. Learning to recognize price formations on the charts is an essential part of the Forex strategy of every trader. Then, it is vital that you learn about these figures, their meaning and how you can use them to your advantage.

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