I just completed the article, which I’d been writing about the technical analysis as well as we may use it in the stock market and forex. I wished to explain all regarding technical analysis within article but turned into felt that it’s not the best idea as well as I’ve to write various articles about this.
As you observe that the technical study is the major thing that I apply to find buy or else sell signals as well as according to weblog consumer, it’s been working also for them. The most experienced and the best traders use the rules of technical analysis and use the techniques to examine the marketplace as well as find buy/sell signals as after several years of the trading, which have move toward this result that the technical study or analysis is most vital.
Those who’re dependent just on slow indicators such as moving average may asl well earn money but they must number of unsuccessful trades turn out to be capable to take a huge move, which recovers their entire losses as well as earns some money for them.
So, I do not like these systems because…
A. They’re also slow as well as you’ll be very late in many cases.
B. The marketplace goes against you on the starting of mostly trades – yet the winner ones – since you look signal of moving average, just when number of trades have previously purchased or sold as well as wish to stop their trades.
C. It isn’t scientific and technical. It’s only because on some lines signals and colors. It does not make you consider and examine that the market as well as evaluate the condition of Bears and Bulls. A ten years kid may trade by using few moving averages since you can’t call him or her the trade.
Therefore, the technical analysis or study is the basic as well as the foundation of expert stock and forex trading. Some strategy, which you ‘v to capable to find resistance and support levels, consolidations and pattern. Just in such case you’re good scientific and skilled trader.
It’s not also difficult to learn technical analysis. This is too much simple as well as you only require few time. I’m sure that those who’ve been pursuing my analysis daily, have studied much more about technical analysis as well as may use this in their deals.