You see, many traders rely mostly on technical indicators to trade... and maybe that's how you trade too... But technical indicators only tell you what's roughly happening in the market : For example -- whether the market is overbought or oversold, or whether the market is on a general uptrend or downtrend... These technical indicators can be helpful... but the problem is that they can't pinpoint exactly when to enter a trade. They're also terribly poor at telling you when to exit your trades...how many times have you seen an 'in-the-money' trade suddenly turn against you without any warning at all? The reason why technical indicators often fail to help traders make accurate trading decisions is because they all lag behind market prices. The only true indicator of how the market is moving 'right now' is through candlestick studies - it's the most up-to-date information you'll ever get on the Forex market. http://fxcandlecew.blogspot.com/# --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "dubaicityliving.com - The Dubai Property Website" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/dubaicityliving?hl=en-GB -~----------~----~----~----~------~----~------~--~---
