Some facts about FOREX
Currency Forex Trader Trading
"Buy the rumor, sell the fact:" This market truism can apply to many currency situations. It is the tendency for the price of a currency to reflect the impact of a particular action before it occurs and, when the anticipated event comes to pass, react in exactly the opposite direction. This may also be referred to as a market being "oversold" or "overbought".
On the chart The Resistance level is a price level over the market where selling pressure overcomes buying pressure, and a price advance is turned back.
The profit you may make is unlimited, but you can never lose more than the margin. You are strongly advised to never risk more than you can afford to lose.