http://www.fxstreet.com/education/market-psychology/the-psychological-utility-of-technical-analysis/http://www.fxstreet.com/education/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/education/market-psychology/the-psychological-utility-of-technical-analysis/2009-07-28.htmlWhat is the purpose of the foreign exchange market, or any trading market for that matter? It seems like a simple question with a simple answer. The purpose is to facilitate exchange, to permit participants to sell and buy commodities, equities or futures and to trade one currency for another. But that simple definition disguises a world of complexity. If two parties wish to conduct an exchange, of one currency for another or of an equity or bond for a sum of cash the first question is at whatTue, 28 Jul 2009 09:23:40 GMThttp://www.fxstreet.com/education/market-psychology/info@fxsol.com (FX Solutions)http://www.fxstreet.com/education/market-psychology/the-psychological-utility-of-technical-analysis/2009-07-28.htmlhttp://www.fxstreet.com/education/market-psychology/the-psychological-utility-of-technical-analysis/2009-07-08.htmlToday I am starting an occasional series on one of the most fascinating and essential topics in currency trading; the interaction between the psychology of the market and the decisions of the individual trader. I hope these observations are useful; reader comments are welcome. Technical analysis is sometimes studied as if it contains a grain of secret knowledge or portrays an intrinsic truth about currency movements. Often it is said that a specific chart formation will produce a specificWed, 08 Jul 2009 12:45:23 GMThttp://www.fxstreet.com/education/market-psychology/info@fxsol.com (FX Solutions)http://www.fxstreet.com/education/market-psychology/the-psychological-utility-of-technical-analysis/2009-07-08.html