As you might expect, when you're learning Spanish it's important to learn how to both read and write in the language. Consequently, when you're choosing how to go about studying the language, be sure that your study method involves both of these components. If you begin your studies with home study courses, be sure it includes tapes that demonstrate how to pronounce the words correctly. If you choose an online course, remember to practice writing the language by hand.
Vocabulary and Grammar
Just like any other language, you'll need to develop your Spanish vocabulary and grammar skills. Fortunately - with few exceptions - the Spanish language uses the same alphabet as English. However, even though both English and Spanish are derived from Latin roots, the vocabulary and phrases found in each language can be fairly different. While there are some analogous terms, you'll find you need to learn a whole new set of words for most instances.
You'll also find that the grammar rules of Spanish are very different. Among other things, when you use verbs in a sentence, they're conjugated based on the subject of the sentence, as well as when the events communicated in sentence occurred. And even though the verb suffixes are very predictable, it can be difficult to determine which one to use in which situation. However, if you're planning to spend a lot of time in a Spanish-speaking area, it's to your advantage to focus on these terms.
Practice Online
When you're learning to read in Spanish, you can use a wide array of online resources. You can find newspapers, chat rooms, and even entire books written in Spanish. If you're interested in a particular region, you can even subscribe to media content from those specific areas. This will give you a better idea about the culture of each region and help you to read Spanish with more proficiency.
You can also join a number of online groups where individuals speak only Spanish. This will give you a tremendous opportunity to see how Spanish is used in conversations, as well as learn the local flavor of specific dialects. Without a question, conventional language aids can teach you the main points of a language, but they won't be able to teach you the nuances of someone that speaks fluently like these resources.
Keep a Journal
Over the years, journals have proven indispensable for learning new languages. Journals give you the freedom to express yourself in your new language and experiment with different thoguhts and ideas. Because your journal is private, you'll be able to relax as you write, which will help you feel more comfortable reading and writing in Spanish.
When you begin learning Spanish, you'll quickly come to appreciate the consistent grammatical structure of the language. Aside from making it very easy to identify verbs, it often makes it easier for you to convey a number of different meanings with fewer words than you need in English. However, you'll still need to learn a sizeable amount of vocabulary and learn how words fit together in sentences. It's also important to practice your writing and comprehension skills as much as possible in order to develop the level of Spanish fluency you desire.
Learning To Read And Write
When first analyzing a currency pair, look for the prevailing trend. Start with the long-term charts (monthly, weekly, and daily), going back for several years. Because these charts contain a greater amount of data, they provide a clearer picture of just what the currency pair is doing than the short-term charts (hour, half-hour, 15-minutes, or 5-minutes). The extra data also makes what the indicators are telling you more reliable.
Identifying the trend is simple: just look at the chart and decide if the graph is going more up than down, or more down than up. Trends can be steep or shallow, years long or weeks short. Practice identifying them, and finding the points where they change direction. The longest-term trend is the strongest, which is another reason for looking at those charts first.
Even if you're scalping or day trading and don't intend to hold a position longer than an hour, you'll do better by trading in the same direction as the prevailing trend. So take the time to identify it on at least the daily charts before you begin. There's an old trader's saying: ?The trend is your friend.? It's not a lie.
Once you've identified the trend in the long-term charts, compare that with what you see in the short-term charts. You'll find that there can be any number of intermediate-term and short-term trends within the path set by the prevailing trend. The graph will waver up and down but overall it will follow the path set by the longest-term trend.
Next, find the support and resistance levels, which are the ?floor? and ?ceiling? points on the graph, respectively. These are key points on the chart where the price repeatedly refuses to break through, or just peeks through then gives up the fight. The price will go just so high or so low, but no further; it reaches that point then changes direction. The more times that happens, the stronger the support and resistance are.
Draw a straight line, either in your mind or on the chart, passing through most of the support points. Then draw another passing through most of the resistance points. This gives you a picture of the path the currency pair's trend is following, called a price channel, and it's a simple but powerful tool to help determine how that path will continue.
When support and resistance are strong, the graph of the currency pair seems to bounce along sideways between those two lines like a pinball. When this happens, the currency pair is said to be range-bound. As this happens 80% of the time, many people simply trade within channels, although this technique doesn't deliver any jackpot profits.
These lines don't have to be level. Sometimes the currency pair is trending up or down, but still moving within that channel. However it's slanted, you can still trade within that range.
When a currency pair breaks out of a price channel, sometimes it falls back into the channel, and sometimes it gains momentum and keeps moving. This last is called a momentum market, and it's the other way to trade the range: set an entry order for the price to break out, either above or below the channel, then sit back and let it ride.
Congratulations?you now understand the most important elements of basic technical analysis!
Both Warren Wong & Gerald Mason are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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