In technical analysis, every single move of the market is considered as an opportunity. False breakouts are always unexpected and traders have to safeguard their capital through proper market analysis. FXOpulence charges low trading spread to traders. They allow traders access to educational resources.
Reality of technical analysis
- Thread starter Asahi
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FinTrader
Active member
Any technical analysis or trading strategy is the probability of making a profit or loss. But the more correct signals there are, the more profitable such analysis is. Therefore, you should always use stop losses in your trading and control risks. And in the case of a greater number of correct entries according to the trading strategy, the trader will earn money.
moonchild
VIP Contributor
The reality is technical analysis is overrated and is not hard to figure out, anyone with a good brain in his head, can learn how to read technicals in a week but the remaining of the work is mostly mental and that's why most people fail at trading they pay attention to technicals.
And it has been said, times without numbers that technicals won't make you rich and if the only thing you know is technicals you will get cooked in the market, pay attention to your psychology when you're trading and have a trading plan you follow to ensure smooth trading.
And it has been said, times without numbers that technicals won't make you rich and if the only thing you know is technicals you will get cooked in the market, pay attention to your psychology when you're trading and have a trading plan you follow to ensure smooth trading.
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