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Why many technical indicators are failing the current market?

Thu, Jul 23 2009, 12:18 GMT
by Forex Journal's Collaborators

The Forex Journal


This article is taken from the Forex Journal (April 2009 issue).

The author, Mark Whistler, is a professional trader, author and analyst. His books include The Swing Trader’s Bible (John Wiley & Sons, Inc. 2008), co-authored with Matt McCall, Trading Pairs (Wiley, 2004), Trade with Passion and Purpose (John Wiley & Sons, Inc. 2006), Profit from China (Investment U/Wiley, 2006) and Profit from Uranium (Investment U/Wiley, 2006). Mark’s newest book, Trading Forex Volatility (co-authored with John Taxiarchos) is scheduled for release in late April 2009.

From time to time, Mark can be seen on CNBC and is a regular weekly presenter on FXstreet.com, discussing currency trading and global markets.

He is a contributing Senior Market Strategist to TradingMarkets.com and is the founder of WallStreetRockStar.com, FX volatility.com and InstitutionalIndexResearch.com.

Whistler is also part of the Joint Venture fxWorldMarkets.com, which develops algorithmic currency trading solutions for institutions and retail traders globally.

Whistler also contributes educational articles to Investopedia.com, BabyPIPs.com and TradersChoiceFX.com.

Mr. Whistler founded and operates Eats for the Streets (a grassroots organization devoted to helping homeless across America) and the MarkWhistlerGallery.com (an Internet art space dedicated to providing an unbiased platform for emerging artists to display their works).

  • It is no secret that retail traders struggle desperately and most often lose when it comes to trading the markets. Mark Whistler looks at reasons why “traditional” technical indicators that work on longer timeframes create so many problems for retail traders on shorter timeframes.

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Other article in this issue:

Published on  Thu, Jul 23 2009, 12:36 GMT

DPR International Pte Ltd  | One Raffles Place, OUB Centre #18-01, Singapore 048616
http://www.forexjournal.com/ | editor@forexjournal.com

Legal disclaimer and risk disclosure

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the authors and the publisher are not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. In commodity trading, as in stock, and mutual fund trading, there can be no assurance of profit. Losses can and do occur. As with any investment, you should carefully consider your suitability to trade and your ability to bear the financial risk of losing your entire investment. It should not be assured that the methods, techniques, or indicators presented in this magazine will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples in this magazine are for educational purposes only. This is not a solicitation for any order to buy and sell. The information contained herein has been obtained from sources believed to be reliable, but cannot be guaranteed as to accuracy of completeness, and is subject to change without notice. The risk of using any trading method rests with the user.

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