Inside technicals and chart patterns by 
2008 brought even more traders to the forex arena and I think it’s safe to say that 2009 will be just a good as the popularity of forex grows and the public learns more about this marketplace.
One thing that I continually found interesting was trader expectation. Remember nothing can go “too high” and zero is basically support. Trends will continue until they reverse and don’t think that picking tops (or bottoms) is a strategy.
Traders in ‘08 saw the “impossible” become reality and many losses (and wins) were left in that realization.
I think that many traders now are understanding more about the focus that must be placed on analyzing the U.S. Dollar and other “forex market pulse” charts like crude oil, gold, and the Dow.
Trading times were another area where I saw a lot of interest and savvy. With tools like Autochartist’s Power Stats, traders can see, like never before, the movement in pips by day, by hour, and by pair. This information can not only lead to better trade timing but risk management. You can check out Power Stats here: http://www.autochartist.com/autochartist/PowerStatsBasic
Another area that I think merits mentioning is that the amount of information on the ‘net continues to grow. Whether that be through blogs or portals, there is more commentary and analysis on the forex market available than ever before. This requires that traders be both disciplined and discerning about what they make of the commentary, check the source, and verify it with their own analysis and price action. I mean in the end, the only thing that confirms data or fundamental analysis is price.
This last year was twelve months to observe and practice and study what does and doesn’t work in the market. If your took that time to do that, 2009 should be an even better year!
- Raghee