subject: What You Don't Know About Probability in FOREX [print this page] What You Don't Know About Probability in FOREX
Probability is a tricking subject with Forex, and sometimes it's what you DON'T know that can actually lead to major profits. The article below addresses probability in a new way, and if you'd like to learn even more, check out my Forex Toolkit where I've made a video JUST on this subject! Access it here.
When you step into the world of Forex, do you need to be an expert on worldwide economics to make profits? Of course not! In fact, every major bank has PhDs who specialize in analyzing economic data, so you aren't going to get much of an edge in trying to out-analyze the fundamental data. Also, is knowing the current account balance of Chile going to help you determine whether the Yen/Dollar is going to make a big quick move tomorrow? Of course not!
So what do we utilize to gain an edge over the Forex markets and take profits out of them? It is called technical analysis, and we at BigTrends.com are experts and innovators in this field of trading for over 10 years. Basically, as a famed trader said nearly 100 years ago,"the chart tells the tale". This means that the price charts of the various Currency Pairs tell us virtually all we need to know about the fundamental, sentiment, and supply/demand factors driving the movement. They tell us when and what to trade, and just as importantly, what not to trade. The Japanese even developed technical analysis techniques to trade Rice hundreds of years ago this shows the long-term impact and lasting power of these kinds of trading methods.
We can utilize the short-term charts of the Forex Currencies to determine when and where the big explosive moves are about to occur through technical analysis. Our unique and innovative technical analysis systems have a logical basis to them, which captures the price moves from the most important factor, the charts. We layer together multiple technical indicators based on complex mathematical formulas in order to have the highest probability of trading success.
If you are new to technical analysis and charting you may get overwhelmed by the seeming complexity of indicators and the number of different techniques you can use.
Well, we're experts in this and have been doing it successfully for a long time in every type of market, so we break it down for you on a systemized, simplified basis of the "best of the best" technical analysis for Forex trading. We cut through the noise and grow your profits. Our proprietary FIT (Forex Interval Trading) systems based on technical analysis are historically proven to have a strong profit success ratio, and we live-test them extensively and internally before releasing them to the public.
If you'd like to learn more strategies and get even deeper insight, get the Forex Toolkit today!
