The essential aspect of trading in foreign exchange is your ability to be able to identify a channel through which you will trade. This channel is identifiable through a chart when you open.
You go through it and study the trend of the candles as indicated on the chart table.Once you are able to identify this channel by drawing a line on the chart connecting candle then you are good to go at trading foreign exchange currency transaction.
Now before you go into the foreign exchange currency trading full blast, you need to know some basic rules that you are to stick to. These will guide you on daily basis on your trading moves. These are:-