The Psychological Utility of Technical Analysis
July 6, 2009 By Leave a Comment
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 specific price movement. Technical analysis does nothing of the sort. A chart is a reflection of
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The Psychological Utility of Technical Analysis
July 6, 2009 By Leave a Comment
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 specific price movement. Technical analysis does nothing of the sort. A chart is a reflection of...
Correlation in the Forex Market
May 5, 2009 By Leave a Comment
Statistically speaking, correlation is the measured relationship between two units over a series of time. Correlation is measured on a range of -1 (perfect negative correlation) to 1 (perfect positive correlation). A positive correlation implies that the two units move in similar directions, the higher the correlation the closer and
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Correlation in the Forex Market
May 5, 2009 By Leave a Comment
Statistically speaking, correlation is the measured relationship between two units over a series of time. Correlation is measured on a range of -1 (perfect negative correlation) to 1 (perfect positive correlation). A positive correlation implies that the two units move in similar directions, the higher the correlation the closer and
[Read more...]
Correlation in the Forex Market
May 5, 2009 By Leave a Comment
Statistically speaking, correlation is the measured relationship between two units over a series of time. Correlation is measured on a range of -1 (perfect negative correlation) to 1 (perfect positive correlation). A positive correlation implies that the two units move in similar directions, the higher the correlation the closer and...
The Art of Contrarian Trading: Volume, Consolidation, Distribution, Headlines
April 16, 2009 By Leave a Comment
Traders are at a stage in the market cycle that is one of the most frustrating to deal with, and where the most money gets squandered trying to work things out. This stage is when we go through a phase of consolidation, moving sideways consolidating the recent moves made, while
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The Art of Contrarian Trading: Volume, Consolidation, Distribution, Headlines
April 16, 2009 By Leave a Comment
Traders are at a stage in the market cycle that is one of the most frustrating to deal with, and where the most money gets squandered trying to work things out. This stage is when we go through a phase of consolidation, moving sideways consolidating the recent moves made, while
[Read more...]
Understanding How and Why OTC Forex Markets Work
April 16, 2009 By Leave a Comment
Trading the OTC (over the counter) currency markets offers an opportunity to hedge stock and bond investing, but really is more of a traded market following the ebbs and flows of global commerce than it is an investment arena to plan retirement from. Getting to know six major currency pairs
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The Psychological Utility of Technical Analysis