How To Use Technical Analysis in Forex Trading
We have already seen that the fundamental principles of technical analysis in forex trading are: – markets discount everything. All of the relevant information is already incorporated in the price and only knowledge of price movements is necessary to successfully predict the future trend of prices. – prices move in patterns or trends. Prices can [...]
Technical Analysis and its use in Forex Trading
We had earlier seen why it is necessary to analyze forex market movements and to use this information to predict future price trends. We have also looked at the first major tool of market analysis known as fundamental analysis. Now we will consider the second major tool which is technical analysis. Technical analysis is the [...]
Back to Basics: Fundamental vs Technical Analysis
Fundamental vs Technical Analysis What you are about to read applies not only to forex trading where currencies are bought and sold but also to many other financial markets such as stocks, commodities and derivatives. Price movements create the conditions and the opportunities for profits (and losses!) and an astute trader will try and stay [...]
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