When you first learn currency trading the most important thing you need to do is learn to trade with the primary
trend. It may look easy to trade both sides of the market, but you will quickly find out that it's
not. Always trade with the primary trend, which you can easily establish by looking at a Monthly
Currency Chart.
This is a monthly Euro Candle Stick chart where each bar represents 1 month of trading. We
use the Euro vs. The U.S. Dollar since that is the most actively traded currency cross ( or pair ). The Blue
candles are months where the euro rose and the red candles are where the Euro fell against the dollar. The
lines are the 10, 20 and 50 month moving averages.