Developing Profitable Forex Trading System Based on Technical Analysis.

The purpose of this project is to develop a consistent, effective trading strategy utilizing candlesticks, charts patterns, Trend lines, support and resistance to predict future price movements of the Forex Market. Trading into Forex market has so much risk that most traders fail and end up losing. It is estimated that around 95% of traders lose money in this market and end up quitting. The reason why most people fail in this market is having no trading strategy. Having no trading strategy is just like shooting in the dark, since a trader never know where the account will end up. Developing a strategy that works best is indeed a time-consuming process and may take months or even years to perfect any strategy using trial and error. In this paper, I have developed a unique trading strategy using simple technical analysis tools that will work in any changeable market conditions and would be suited for any market situation.