Technical Analysis

Technical analysis is considered to be “voodoo science” by some traders and it’s considered to be “the truth of truths” by other traders.

Whether you believe that technical analysis is voodoo science or not, there are uses for it when trading the forex markets.  Technical Analysis can give you trading ideas when the overall market picture seems otherwise unclear.

Whether you believe in technical analysis or not, you should at least understand how it is used.  If nothing else, you may gain an insight to certain market behaviors that you did not understand before.  As a forex trader, there is no such thing as understanding too much about how the markets work. The account you save may be your own!