Currency technical analysis

Currency technical analysis makes the following assumptions:

1. Markets Discount
All fundamentals show up quickly in the price action, when you use technical analysis. You are therefore studying the fundamentals as they are - not trying to guess their impact - and of course, you’re studying human psychology as well.

2. Trends Persist
Currency technical analysis can prove this - just get out a chart of any currency, and you’ll see long term trends - many lasting for several years.



History Repeats
The basis of currency technical analysis, is that what has happened in the past, will happen again - and that’s why it’s so effective.
Human behaviour repeats itself - and since price patterns reflect shifts in human psychology, we can assume that certain patterns and trends will repeat themselves.

Your Aim
Your aim is to use technical analysis to catch, and hold the longer-term trends. Keep in mind that human behaviour does repeat itself - but humans can be unpredictable as well!

Keep in mind that technical analysis is an art, not a science. Be wary of theories that say they can predict with scientific accuracy - they can’t! - If they could, we’d all know the price in advance - and there’d be no market.
The good news is that by using technical analysis in the money markets, you can get the odds on your favour - and make big long-term profits.

Trade the Odds with Currency Technical Analysis
In gambling, the aim is to get the odds in your favour - and in trading, your aim should be to trade only when the odds are in your favour. You won’t win every trade - but neither can the top football players score from every kick at the goal.
By following the information outlined here, and putting in a little work and preparation, you could soon be racking up huge long-term profits by using currency technical analysis

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