Forex trade systems provide a plan, structure and rules to follow. There are numerous systems to choose from, here is a brief guide to some of the more popular ones.
This is the recognition way the market moves up and down. Those who have learned to trade correctly use retracements and extensions in order to calculate the turning points in the market. This can be complex and takes time for new traders to master. It does offer high reward verses risk and is extremely versatile.
Old School Analysis: