After you have nailed down the basics of interpreting a chart and have decided on a time frame that works for you it is time to add further analysis to your chart. Most charting software such as MT4 (meta trader 4), and other proprietary charting systems used by major brokers contain all the tools mentioned herein. Proper utilization of these tools is vital to your success as a trader and must be understood thoroughly. The first (and arguably most important) of these tools is referred to as
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