You can use the Fibonacci tool

Knowing  how to read the charts will make you money. Placing a short or long trade after a weak bounce in a currency pair is something you need to learn.
 When you have a good trend either up or down look for a re-tracement for a possible trade entry.
 It looks like EUR/USD bottomed out after hitting 1.3600 and it may be re-tracement time. Another short opportunity? The same is true if the trend is up you can make a long trade after a weak re-tracement. Remember you need to have a good trend in place.Study the forex chart below and you will see this same pattern develop when you have a established trend.
Forex traders need to recognize this chart technical setup that is breaking the original trend. The pair is in a downtrend on the four hour chart and many times if you are day trading you will see this on a 5 minute chart. and because it looks like it is retracing, You can use the Fibonacci tool to find potential resistance points. It looks like the price between 1.3750 to 1.3850 may be a great area for a possible trade, and depending on price action and volume. You could make a trade in this area on the chart. It looks like traders could push up the market to that area as stochastics show the pair is just coming out of an oversold environment.  The forex news from the U.S. is that 9.7% unemployment rate may be attributed to those who were looking for jobs have stopped looking, thus decreasing the labor pool. Any economic news can effect the forex market and change the trend. If you are day trading make sure to check the trend on the 15 or 30 minute charts.
  The U.S. jobs picture looks confusing at the moment, but potentially worse after the previous month reports. If it doesn't start picking up you can look for traders behavior to continue to pick up, and that may pose well for the USD.

How to use Moving Averages

How to use Moving Averages in stock and forex trading
Moving Averages can be used as a trend indicator especially in the forex market. Some traders that know how to read charts will use the moving average to confirm support and resistance levels. This can include using moving average crosses for buy and sell points. To start out you can set your MA's at wma 5 and wma 20 on your charts.
  These are widely used moving averages on both the stock trading and forex charts. Traders who use a Moving Averages as a trend filter will buy when the trend is moving up or down. When watching this chart indicator you can look for the price action to consolidate at the top or bottom of the MA. You need to remember that the MA's are lagging on the chart. This means they don't move until the price does or when a candle closes. This also depends on what time frame your charts are set at.
Many forex traders will use the 200 day moving average as a support and resistance area. One thing to remember if the price is near the 200 MA you should wait for confirmation before you decide to hit the buy or sell button. Waiting for the trend direction off the 200 MA will increase your chances of making a profit on the trade.

Positive trading mental attitude

 Having a positive trading mental attitude will create more profitable trades. Research your trades before you make them  is all part of the process. You need to have a clear vision of what your are trading and keep as much emotion out of the situation as possible. Generally the markets are against you from the start. The more research you can do will help even out the risk of loss and turn it into profits. The fact that you are trading real money always can interfere with the trades and that is problem that some traders must deal with. In my experience in trading Forex and helping new traders, that the greatest cause of losses is not having self-discipline. Traders need self-discipline to follow your trade plan; to be patient  to take losses.and profits and  to practice good money management.
  No matter what markets you decide to trade you need to learn to trade consistently making more better trades than bad, and the results will be more money in your trading account. The time involved to do this is really up to you but all successful traders never stop learning and adjust their trading to meet the current situations.

Trading futures or option trading

Trading futures or option trading can wear you down emotionally you need to stay focused
  There is definitely risk involved when trading futures. Futures and option traders need to be able to handle the risk money wise and emotionally. This type of trading can cost you big time if you are not prepared for the trade. When you begin your trading day you need to be focused and prepared. Traders need to be ready to make trading decisions whether they are good or bad for your trading account. Trading out of fear of losing is not good you must have a positive attitude when it come to any type of trading. This is where a solid trading plan comes into play.  You could easily get caught in the wild swings in the market and place losing trades.  Trades without focus and a trading plan will fail. This will lead to more emotional trading which will cost you much more in the long run. News events can happen which will effect your trade so you need to be prepared for this to happen. You need to stay focused and accept that this will happen and can cost you some money.

Risk management

How to read charts in stock and forex trading.  Learning to read tick,or candle stick charts and get it right is something every trader needs to do. Chart patterns change everyday in the movement of the stock and forex markets.Figuring out support and resistance levels, finding buy and sell areas, and determining strength or weakness is what you need to learn. Knowing  if the stock in is a trend and what the volume is are very important to your trading decisions.  To have an edge from reading charts, the trader has to be able to understand chart patterns as they are forming, and you then have to make sure the chart pattern has formed. In the forex market especially over longer time frames the patterns will repeat. The percentages are in your favor if you understand these different patterns on the charts. It is at those chart levels that the imbalance of order show up between the buyers and sellers of different pairs in the FX or the same is true if you are trading stocks .  Many support and resistance areas are known to all the big brokers and banks that trade the forex markets

Elliott Wave Theory

This is one of the fascinating things about Elliott Wave Theory: It seems to apply to patterns found not only in markets, but in the rise and fall of nations, and even entire civilizations  as well as the ebb and flow of many other things in the natural world . Traders have studied and applied it for many years, and continue to be in awe of its frequently uncanny ability to anticipate the future. It is important to note that Elliott Wave Theory was derived from back-testing. Back in the 1930s, R.N. Elliott studied decades of charts at various time frames, and discovered that there were certain patterns which repeated across all time frames. These patterns were of a fractal nature; in other words, the patterns on the one-minute chart join together to make up identical larger patterns on the hourly charts, which in turn make up identical larger patterns on the daily charts  and so on. He developed Elliott Wave Theory as an attempt to quantify and explain these patterns.

Electronic stock trading

The biggest mistake  with new traders is that they are looking for the “career trade;” the big home run. It’s a great fantasy, but it’s not a realistic strategy. The successful traders over time aren’t necessarily scoring big winners—they are successful because they are managing their losses. technical analysis is one way to determine where I might enter a trade and what I’d like to define as my risk. I buy based on my defined support points, sell based on my defined resistance points, and place my stop-loss points below or above those respective levels. Let’s explore the concept of exiting a trade a bit further, beyond just using support and resistance as tools to pinpoint specific levels. If your trade doesn’t look like it will make its profit target, do you just wait it out and hope it does?

Stock trading online