charts, technical anaylsis tricks

[0FXTrader0]

There are no tricks.

I can not believe the amount of reliance on charts for trading. They show such a small amount of infomation.

It seems to be that people new to forex beleive that trading forex is all about charts and technical indicators.

The forex market is complex and will always keep you guessing.

any thoughts on the golden reputation charts and technical indicators have.

-Most retail brokers provide free charts.The thing is cutting edge news like Bloomberg and Reuters is expensive for most new traders. But anaylsis of the markets are what these services provide somthing a chart can not.

 

[YachtFund]

Would you say you were a fundamental or technical trader and also are you discretionary or non-discretionary?

 

[0FXTrader0]

All traders are discretionary. You take trades at your own descretion weather from a chart or news economic data etc.

Making a trade is a fundamental act so all traders become fundamenalists.

My trading style is risk/reward.

 

[breadman]

There are no tricks.

I can not believe the amount of reliance on charts for trading. They show such a small amount of infomation.

It seems to be that people new to forex beleive that trading forex is all about charts and technical indicators.

The forex market is complex and will always keep you guessing.

any thoughts on the golden reputation charts and technical indicators have.

-Most retail brokers provide free charts.The thing is cutting edge news like Bloomberg and Reuters is expensive for most new traders. But anaylsis of the markets are what these services provide somthing a chart can not.

Your not wrong about Bloomberg, Reuters being expensive. Five years ago a Bloomberg terminal would set you back £15000.

Breadman

 

[YachtFund]

There is a major difference between discretionary and non-discretionary and also fundamental and technical. It would help any trader to have these definitions clear in their head when deciding what type of trader they want to be and what are out there.

 

[0FXTrader0]

There is a major difference between discretionary and non-discretionary and also fundamental and technical. It would help any trader to have these definitions clear in their head when deciding what type of trader they want to be and what are out there.

Q: Yachtfund what type of trader are you?

The big problem with trading is not just the fact that every day is different every tick is different.
Different volumes, orders, news, economic data, flows the list is endless.

If you can define your trading in one word you will not compete in the ever changing tick world of Fx.

 

[YachtFund]

Q: Yachtfund what type of trader are you?

The big problem with trading is not just the fact that every day is different every tick is different.
Different volumes, orders, news, economic data, flows the list is endless.

If you can define your trading in one word you will not compete in the ever changing tick world of Fx.

Technical non-discretionary. Thats two.