Is there any intelligence to trading FOREX or is it merely subject to interbank flows and basic supp/demand?
nomethinks asked:
How can one trade forex in a manner that least resembles gambling– over what period of time can one see some logic to a forex trade?
How can one trade forex in a manner that least resembles gambling– over what period of time can one see some logic to a forex trade?
Who are the main players that govern the price levels of currency and what effects do individual traders have?
how do hedge funds trade currencies?
Does technical analysis really work? The idea of of using tech analysis seems so silly–what is the theory behind it?
Any additional information you may have, I’d really appreciate.
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Really you don’t need any of these info to trade like pros and even acheive your dreams.
I myself use some new automated system which I’m satisfied with it and recommend it just to my close friends.
This automated system do all trades for me on autopilot .
You can read about it here :
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The currency pairs move in the direction of the trend, you anayze trends and it will help greatly, expecially the larger trends, short term moves within the trend are based on news items and parallel and inverse analysis.
Here are some technical papers to read:
You can also monitor support and resistance with price alarms.
Good luck with your forex joyrney.
Mark Mc Donnell