If you are new to forex make sure you memorize at least 15 to 20 of the most used and noted candlestick formations. It would be highly beneficial for you to read one or both of the following books:
Amazon.com: Japanese Candlestick Charting Techniques, Second Edition: Steve Nison: Books
Amazon.com: Candlesticks Explained: Martin J. Pring: Books
As well it would be very helpful to memorize and be able to identify the most basic chart patterns and what they mean:
Chart Patterns – StockCharts.com
Read this so you’ll stop letting your losses run.
http://rapidshare.com/files/190966165/Fairy_God_Trader.pdf
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