Technical analysis is the process of market analysis that relies only on market data numbers - quotes, charts, simple and complex indicators, volume of supply and demand, past market data, etc. The main idea behind Forex technical analysis is the postulate of functional dependence of the future market technical data on the past market technical data. As well as with fundamental analysis, technical analysis is believed to be self-sufficient and you can use only it to successfully trade Forex. In practice, both analysis methods are used. Recommended e-books on Forex technical analysis are:
Chart Patterns and Technical Indicators
Candlesticks For Support And Resistance
Trend Determination
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment