It’s no secret that a trader’s success relies on the effectiveness of his trading strategy. In order to compose a solid trading strategy, it’s imperative that a trader uses widespread information from both technical and fundamental analysis. Fundamental analysis encapsulates all the economic, political and social aspects that can influence an instrument’s value, whereas technical analysis is all about the price charts and technical indicators that surge into the markets and determine a currency’s movements. Since forex trading became mainstream, there have been a number of tools springing up from every corner, providing users with the edge needed to forecast price movements. However, very few deliver the kind of results traders expect. This article examines at the 5 technical analysis tools that are usually part of any trader’s arsenal.