Forex For Beginners - Chart Patterns That Make You Money

Trading charts are excellent tools. They give you the ability to see distinct patterns in a confusing market almost instantly. But to see these distinct patterns and make money from them, you have to know what you are looking for, so let's look at the most profitable and popular chart patterns right now.

Now let me be clear here - you are at a distinct disadvantage trying to understand these patters without pictures. So you need to find good examples of each of these patterns to see how easy they are to identify.

1. Symmetrical triangles

This pattern happens when the lows get higher and the highs get lower. The price looks like a funnel laying sideways - as the price moves, the pattern gets smaller and smaller. It is almost like squeezing a spring - you know it will pop, and when it does, the move will be huge!

2. Ascending triangles

Ascending triangles are when the bottom of the price is rising but the top of the price stays flat. It is when the lower price is pushing up... up... up while the top stays flat. Again it is like the market is pushing the top harder and harder until it eventually pops. And when it pops, which way will the market go? Up!!

3. Descending triangles

Descending triangles are the same as ascending patterns except the market is pushing the price down. The pressure keeps building and building until it eventually busts, and the market falls dramatically.

Now there are plenty of other chart patterns that practically tell you exactly where the price is going next. All you have to do is learn how to recognize them, and you will be able to make money from them easily.

And the good news is that these patterns exist on any timeframe - 5 minute, 15 minute, 1 hour, 4 hour, daily, weekly, monthly - it just doesn't matter. They all look the same and act the same regardless of the timeframe, so that gives you dozens of prime trading opportunities every week!

Learn how to use the basic forex chart patterns to make money in my latest forex training ebook of more than 35 pages called "The Insider Secrets to Forex Trading for Beginners." Get it right now absolutely free. It gives a lot more detail about this subject and many, many other details profitable traders know.

Also, get trading advice, discounts on products, and insider forex trading secrets at my forex training website.

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