Keep It Simple Toolbox for FOREX
A technical analysis toolbox might include:
- A chart interpretation technique.
- A trading indicator.
- A trending indicator.
- A non-complementary check tool; one that is substantially different from your primary trading tools. If you use indicators to trade, a simple bar chart would be a non-complementary tool. An advisory service may also be used here.
Tip: Pick one as a primary method of analysis and use the others as filters to gradually zero in on a trade candidate.
By Michael Duane Archer