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March 17, 2006

How Useful Are Charting

Many Forex Traders have computerized charting software to help make trading decisions. There are many excellent indicators that can assist a trader such as MACD, Relative Strength Index and Moving Average Lines, just to name a few. Using indicators alone can reduce the probability of trading success. Why? Because the Forex market is driven by human emotion and charting software is a computerized program. Indicators only record historical buy/sell patterns; they don't accurately predict future movements of the

From How Useful Are Charting

Posted by Joe at March 17, 2006 04:45 PM