Recognizing the trend line and the opposing parallel channel line - channel return line - and understanding the human dynamics that account for its structure, increase the efficiency of profit making by initiating or adding to one's position at trend lines and profit taking at the channel return line.
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Even as a speculator though, you should know something about what makes that market tick.
Why you currency trading dvd and should currency trading japan when trying to forex teach trade and invest money trading forex.
You will hear a lot about the Dow Theory as you travel through your trading career.
Also, as the trend progresses one can recognize support and resistance levels, which can also be used for further trading on the placement of stops.