There are many traders in FOREX, with each trader trading the market in a way that is quite different from that of another trader, some traders may tell you that their trading style is 'supreme'. You should not believe this because there is no single 'supreme' trading style or system whether technical analysis or otherwise. If your trading system is profitable, then trust it, believe it, follow it, obey it, and adore it. But in doing these, don’t go about preaching it.
The FACTS below should to be considered with great attention and devotion because they are the success tips to building wealth
through FOREX trading.
SOME ADVISES AND RECOMMENDATIONS ON TECHNICAL ANALYSIS
- A trader should be able to differentiate between Analysis/Observation and Signal/Trigger as the two are not the same. Analysis/Observation gives the information about the condition of the market while Signal/Trigger gives the alert to trade. A trading system may analyze a sideways market but may still give a signal to buy or sell.