The saying that history keep repeating itself and to relate it more to technical analysis we can say the key to predict future prices accurately lies in the studies and analysis of historical trades or charts. Do you agree?
The saying that history keep repeating itself and to relate it more to technical analysis we can say the key to predict future prices accurately lies in the studies and analysis of historical trades or charts. Do you agree?
really what you give about the science of studying the price movements that can be seen from the previous year and of history and the history that has occurred so that traders can examine the patient and precisely because the graphics are never going to happen again next year or after next
Technical anlaysis has lot potential you just need to be good in it, forex chart patterns are able to predict the future moves well we just need to know the art of reading those charts.
Apart from fundamentals that can break all barriers,i have seen price action being very effective mode of trading,price action is dependent on past history
In trading we should take decision wisely to prevent loss a hues amount of money.Otherwise it may create bad impact on mind.That hamper our business finally.
---------- Post added at 10:33 AM ---------- Previous post was at 08:08 AM ----------
Always we are not perfect in decision making and not able to reach our goal.But practice and only practice can help to reach destination safely.
History definilt repeats but we cannot get the move every time mean we cannot predict that every time in forex every single movement is unique we cannot be sure about coming move but we can predict to some how and this is possible by analysing historical gata with the help of technicals. when we talk about to think wisely at that time we are talking about to consider previous moves.
Apart from fundamentals that can break all barriers,i have seen price action being very effective mode of trading,price action is dependent on past history
Is what indicator do too. Indicator use history of price that pass to make telling of price in future. The second thing is that many who make naked trading say chart have pattern that come and go all time and can rely on pattern to make trade too in history price to tell future price.
As far as i am concerned in Forex trading i believe that the future is not the presence will say, what make the trader profitable today may never repeats itself again, so what is the point???
this is true because using the previous movement of the Forex and analysis of it can be help in getting the profit.this will help in predicting the future movement of the Forex.if we know the history or can say the previous data then we can under stand the Forex more accurately.