When it comes to forex trading, technical analysis is one of the most important factors that you should consider. This is not an easy process so every beginner would need some tips to head on the process.
There are many people who fail in this because they are now knowledgeable. Also, experience would count as an important factor because most people would gain more knowledge through experience.
Also, forex trading may not always be an easy target especially when you think too much of the short term. You will see that there is a trend but checking the daily changes may not be all that you need. The bigger picture can sometimes be more important.
There are also some indicators in the forex trading market that you should not neglect. You should then be aware of the changes and the things that you would want in the end. This will affect the ends and your strategy.
The support and resistance levels may be a critical factor but one should not solely rely on it. Also the decisions based on some factors and hoping for a better market would not work in the long run. You have to know what you are getting into so that your decisions would be right. There are times of fluctuations in the market and other changes but these are all based on different factors. You just have to study the process and understand it well. If you aim to make money, then you should study and make your way to achieve it.