Fallacy of Technical Analysis and Live Markets' Review
|In the first part I will discuss some of the fallacies of traditional Technical Analysis and why most common trading methods fail to provide effective trading plans. This problem is solved by studying the overwhelming presence of algorithms in high volume, modern markets, which also enables price discovery and procedural test of areas support and resistance. In the second part I will analyze the effects of algorithms on price of major Forex pairs and other markets requested by participants.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.