The modern technical analysis approach is using a set of rules, principles and techniques combined. We believe there are two sub-disciplines in technical analysis: Charts and indicators. Chart technique is the directly studying the charts, for example by drawing lines (support, resistance, trend lines ...) or try to identify "graphics patterns" that are repeated.
The indicators are the instruments with signal properties showing price movements. They are created to combine with charts to get the most accurate market predictions. A trader will interpret the market with the help of charts and indicators and eventually trading systems are created. A trader normally applies the trading strategy using trading systems. A good trader will always follow trading systems and strategies and discipline himself to make sure that their trading will not be out of control.
In forex trading, the trading systems are widely used not only by seasoned traders but also by beginner traders. The beginner traders will always be searching anxiously for their Holy Grail techniques or systems with the hope to get one to wipe the market. A good trading system is a system that will make you as a trader be comfortable with it. The simple system that is quite a user friendly typed and not with a lot technical jargons will be the best one for the beginner traders to follow and start with.
Making money in forex trading is opened to everyone, perhaps technical analysis or systems may show you the right path to making money on this earth. It also does not mean you just pick up any system and straight away you will make money. It will not go that way, you still have to go back to basic and learn what it takes to be a successful trader, by doing so I personally believe that you will become one, one day.
