Technical analysis involves analyzing past price movements and using various technical indicators to forecast future price movements. Traders use charts and technical tools such as moving averages, RSI, and Fibonacci retracements to identify trends and entry/exit points.

Forex trading can be profitable, but it also carries risks. Success in Forex trading depends on various factors, including market conditions, trading strategy, risk management, and psychological discipline. With proper education and experience, traders can increase their chances of profitability.

2. How much money do I need to start trading Forex?
The amount of money needed to start trading Forex varies depending on several factors, including your trading style, risk tolerance, and broker requirements. While some brokers allow you to open an account with a small deposit, it's recommended to have sufficient capital to withstand potential losses and meet margin requirements.

The Forex market operates 24 hours a day, five days a week, allowing traders to trade at any time of the day or night. However, certain trading sessions overlap, leading to increased liquidity and volatility. The best times to trade Forex are typically during the overlapping sessions of major financial centers, such as the London-New York overlap or the Tokyo-London overlap.